As per a published form filed with the US Securities and Exchange Commission (SEC), Polarityte Inc (NASDAQ:COOL) reported that Honig Barry C has bought a huge share of common stock on March 3rd. The amount of stocks represents a 10.73% stake in the company. The company is actually the owner of patent application and methods of regenerative medicine and tissue engineering. Besides, the company also developed the use of software applications in diagnosis and treatment in regenerative medicine. The Company’s PolarityTE platform facilitates regeneration and enables cells to perform their functions naturally. The platform can be used among all cells and tissues. Using SkinTE, the company managed to provide an autologus structure to regenerate patient’s skin in case of severe injuries and several skin conditions.
COOL’s Stock Activity Is Catchy
By looking at COOL’s stock shares we find a current capitalization of 26.89 million, and two funny transactions happened recently. In February, Elliot and Aronson bought a catchy number of shares. It’s actually quite possible to gauge a company’s potential by keeping track of the activity of the major holders. Every move regarding COOL is encouraging to keep an eye on Polarityte Inc., as things seem to be moving forward.
One of the main reasons behind this sort of progress, was most probably contributed to the recent merge, as back in December 2016, COOL became a wholly owned subsidiary of Plainfield, NJ-based Majesco Entertainment Co. That’s a one-of-a-kind merge, as Polarityte, Inc. was and continues to be, a biotechnology firm pursuing the majority of reconstructive surgery – regenerative tissues. While Majesco was a video game developer with a history of 25 years, that was once worth hundreds of millions of dollars. But in 2016, Majesto lost consumers, money, and the confidence of investors. Majesco’s annual revenues fell tragically, then it took action to preserve the corporate entity. Then both firms were merged.
In December of 2016, Majesco stock situation improved tremendously, as well as while Polarityte Inc. shares gapped up and more than doubled on the news. However, COOL shares slid back into its original value handle within days. Polarityte Inc. are still unstable.