10% owner Winvest Investment Fund Management Corp. bought 3,464,987 shares (3.46M) at $0.08–$0.10 for $306,879.89 in 4 transactions Oct 9–16.
Winvest Investment Fund Management Corp., already a 10% shareholder, executed four separate purchases totaling 3,464,987 shares for $306,879.89 across a one-week span, increasing its stake by +568.4% from 609,600 to 4,074,587 shares. The purchases occurred at prices between $0.08 and $0.10 per share, driven at a blended average of $0.09. This transaction is notable given that LogicMark is unprofitable (full-year net income was negative), generated only $2,336,268 ($2.3M) in latest quarterly revenue while losing $2,038,857 ($-2.0M), and is down -96.0% from its 52-week high. The magnitude and concentrated timing of this accumulation by an existing major holder during a severe price downturn may warrant examination into the fund's investment thesis and access to material nonpublic information.