Spears Neal Douglas Just Acquired Real Estate Contacts Inc. (OTCMKTS:REAC) Shares


In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Real Estate Contacts Inc. (OTCMKTS:REAC) reported that Spears Neal Douglas has picked up 3,000,000 of common stock as of 2016-12-06.

The acquisition brings the aggregate amount owned by Spears Neal Douglas to a total of 3,000,000 representing a 7% stake in the company.

For those not familiar with the company, Real Estate Contacts, Inc. is engaged in the ownership and operation of a real estate advertising portal Website. The Company provides an online real estate search portal that consists of an advertising and marketing platform for real estate professionals. It provides a service that enables real estate professionals to capture, cultivate and convert leads, which caters to home buyers and sellers from its real estate search engine Website, (www.realestatecontacts.com).

A glance at Real Estate Contacts Inc. (OTCMKTS:REAC)’s key stats reveals a current market capitalization of $135,697 based on 246,724 shares outstanding and a price at last close of $0.550 per share.

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

On the sell side, the most recent transaction saw Deangelis unload 600,000 shares at a sale price of $0.01. This brings their total holding to 345,500,000.

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 Real Estate Contacts Inc. (OTCMKTS:REAC) as things move forward to see if its progress aligns with these transactions.

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