Biocept director just picked up 50,000 shares

Bruce Gerhardt, a director of Biocept, recently acquired 50,000 shares of the company. The buys took place at $1.10 per share, on October 19, 2016. Gerhardt now owns 73,304 shares of the company. Gerhardt operates out of San Diego, CA. Some additional info was provided as follows:

Shares were purchased from the issuer in a unit offering, with each unit consisting of one share of Common Stock and one warrant to purchase one share of Common Stock for $1.10 per unit. On September 27, 2016, the Issuer effected a 1-for-3 reverse stock split resulting in the reporting person's ownership of 46,605 fewer shares.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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