Bespoke Extracts, Inc. (OTCMKTS:BSPK), a company specializing in pharmaceutical preparations, has reported a recent purchase of shares by CEO Michael Feinsod. According to the latest filings, Feinsod acquired 5,000 shares of common stock at a price of $0.15 per share, amounting to a total investment of $750.
This transaction, dated March 18, 2024, increases Feinsod's direct and indirect holdings in the company to a total of 2,125,112 shares. The CEO's direct holdings are 1,110,000 shares, while Infinity Management, LLC, where Feinsod is the managing member, holds an additional 1,015,112 shares.
Investors often look to insider transactions such as these to gauge the confidence that company executives have in the business's prospects. The purchase by Feinsod may be interpreted as a positive sign, as the CEO appears to be increasing his stake in the company.
Bespoke Extracts has been known by several names in the past, including DiMi Telematics International, Inc., and First Quantum (NASDAQ:QMCO) Ventures Inc., reflecting its evolving business focus. The company is headquartered in Denver, Colorado, and operates under the trading symbol BSPK.
Shareholders and potential investors can access more detailed information about this transaction and other company disclosures through the official filings with the Securities and Exchange Commission.
InvestingPro Insights
Bespoke Extracts, Inc. (OTCMKTS:BSPK) has been under the lens of market analysts who have been closely monitoring the company's financial health and stock performance. With a market capitalization of 1.53 million USD, the company's size remains relatively small in the pharmaceutical preparations sector. Despite a significant revenue growth of 4374.94% in the last twelve months as of Q1 2023, Bespoke Extracts is not profitable over the same period, with an operating income margin of -404.13%. This indicates that while sales are increasing, the costs associated with generating that revenue are disproportionately high.
The company's stock has experienced high price volatility, which is a characteristic that can attract a certain type of investor while deterring others seeking stability. Notably, the stock has seen a strong return over the last three months, with a price total return of 328.57%. This could be an indicator of recovering investor confidence or speculative trading—factors that prospective investors should consider.
Two InvestingPro Tips that are particularly relevant to Bespoke Extracts are the company's significant debt burden and the difficulty it may have in making interest payments on its debt. These concerns are compounded by the fact that the company is quickly burning through cash, which could potentially impact its ability to sustain operations without seeking additional financing or restructuring its obligations.
For investors who are considering taking a position in Bespoke Extracts, it may be valuable to explore the full suite of InvestingPro Tips available at https://www.investing.com/pro/BSPK. There are 12 additional tips listed, which can provide a more nuanced understanding of the company's financial position and market performance.
For those looking to delve deeper into the financial analytics of Bespoke Extracts with InvestingPro, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, offering a more comprehensive investment toolset.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.