Major owner of Net Element International just picked up 67,312 shares

Oleg Firer, a major owner of Net Element International and Net Element International's Chief Executive Officer and a director of the company, recently acquired 67,312 shares of the company. The buys took place at $0.00 per share (and therefore, likely the result of option or restricted share grants), on October 20, 2017. Firer now owns 353,027 shares of the company. Firer operates out of North Miami Beach,, FL. Some additional info was provided as follows:

Such shares were issued to Star Equities LLC pursuant to the conversion of that certain promissory note dated March 1, 2017 by Net Element, Inc. to Star Equities LLC of the entire outstanding amount of $374,253.13 (including the principal amount of $348,083.32 and accrued and unpaid interest), for a purchase price of $5.56 per share. Oleg Firer is a managing member of Star Equities LLC. Mr. Firer disclaims beneficial ownership of the securities held by Star Equities, LLC except to the extent of his pecuniary interest in such securities.

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

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Other recent filings from the company include the following:

Net Element International releases salary data. CEO sees compensation fall -51% - Oct. 10, 2018

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