Director Jared I Levinthal acquired 5,084 shares over 3 transactions (blended avg $0.32) at unprofitable BLTH with -93.8% annual revenue decline and $39.7K market cap.
Jared I Levinthal, a Director, made 3 separate purchases totaling 5,084 shares for $1,628.38 (blended average price $0.32) across May 2023, May 2024, and October 2024, increasing his holdings from 200 shares to 5,284 shares (a +2542.0% increase). The company is unprofitable with a full fiscal year net loss of $-627,264.00, latest quarterly revenue of $49,773.00, and an annual revenue decline of -93.8%. The current price of $3.33 represents -33.4% from the 52-week high, though the stock is +2.5% over 90 days. The director's persistent acquisition pattern across three separate dates and escalating share prices ($0.01, $0.30, $0.45) stands out against a backdrop of financial deterioration and an extremely small market cap of $39,733.12. This repeated commitment to purchasing shares at progressively higher prices, combined with a substantial increase in ownership percentage, warrants investor scrutiny of the company's strategic position and why management sees sufficient value to continue accumulating despite the revenue contraction.