Major owner of Mobiquity Technologies, Inc. just picked up 375,000 shares

Gene Salkind, a major owner of Mobiquity Technologies, Inc. and a director of the company, recently acquired 375,000 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 September 30, 2021. Salkind now owns 1,116,021 shares of the company. Salkind operates out of Shoreham, NY. Some additional info was provided as follows:

Not applicable - reporting person converted oneshare of Series C preferred stock into 250 common shares and 250 warrants,exercisable at $48 per share.
Includes securities or derivative securities heldboth jointly with his spouse and in trust.
Represents 1,500 shares of Series C preferredstock converted into 375,000 shares of common stock and a like number o fwarrants, exercisable at $48 per share through September 20, 2023.
Includes 375,000 common shares and 375,000warrants, exercisable at $48 per share through September 20, 2023.
Includes 675,000 shares underlying $2.7million of debt convertible at $4 per share, with 50% warrant coverage (i.e. 337,500 warrants). The warrants are exercisable at $4per share through September 30, 2029, if and when, issued.The foregoing numbers exclude interest payable on the debt, which can also beconverted on the same basis.

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

To receive a free e-mail notification whenever Mobiquity Technologies, Inc. makes a similar move, sign up!

Auto Refresh