Smith Robert J Picked CareView Communications Inc. (OTCMKTS:CRVW) Shares

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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), CareView Communications Inc. (OTCMKTS:CRVW), reported that Smith Robert J has picked up 13,605,506 of common stock as of 2017-03-23.

The acquisition brings the aggregate amount owned by Smith Robert J to a total of 13,605,506 representing a 9.49% stake in the company.

For those not familiar with the company, CareView Communications, Inc. is a developer of a suite of products and hardware to help connect patients, families and healthcare providers through a data and patient monitoring system (the CareView System). The Company’s CareView System runs on each hospital’s coaxial cable television network that provides television signals to patient room. Its CareView System suite of video monitoring, guest services and related applications connect patients, families and healthcare providers. The CareView System offers service packages, such as primary package, which includes NurseView, PhysicianView, Virtual Bed Rails, Virtual Chair Rails, Fall Management Program, Rounding and SecureView; additional Careview products, which include Sitter Management Program, BedView, Patient Education, FacilityView, Nurse Alerts and Reminders, Ulcer Management, CareView Connect, NICUVie and The CareView Broadcast System, and guest services package, which includes PatientView, NetView, MovieView and BabyView.

A glance at CareView Communications Inc. (OTCMKTS:CRVW)’s key stats reveals a current market capitalization of 12.40 Million based on 139.38 Million shares outstanding and a price at last close of $0.088 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-12-02, Mcree picked up 750,000 at a purchase price of $0.07. This brings their total holding to 750,000 as of the date of the filing.

On the sell side, the most recent transaction saw Murphy unload 38,000 shares at a sale price of $1.52. This brings their total holding to 5,301,888.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on CareView Communications Inc. (OTCMKTS:CRVW) as things move forward to see if its progress aligns with these transactions.

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