Horton Capital Continues to Buy Shares of Repro-Med – REPR

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Horton Capital Continues to Buy Shares of Repro-Med – REPR

We have been highlighting the continuous open market purchases of Repro-Med Systems (OOTC:REPR) shares by Joseph Manko of Horton Capital Management the last several months.  The last filing was on February 17,2016 which disclosed a purchase of 21,900 shares bringing Horton Capital’s stake to over 4.6 million shares.

On March 9, 2016, REPR issued a press release responding to an FDA warning letter.

In our March 11, 2016 email we stated we would be watching the filings closely to see if Horton Capital buys more shares, as we believed this would indicate it has confidence that the company will likely resolve the FDA concerns or that the concerns may have been overblown in the first place.

Horton Capital Consistent Share Buying

Yesterday, shortly after the close Joseph Manko filed a Form 4 showing he had purchased another 70,500 shares at open market prices.

On April 1, 2016, we stated our belief that if the FDA investigation ends with minor adjustments to rectify labeling issues as opposed to a costly FDA decision to reclassify REPR’s flagship product from class II to class III,  shares will regain and surpass recent highs of $0.59. However, the risk of harsher sanctions cannot be ruled out, such as product recalls which would obviously have an adverse effect on future revenues.

About the Author:

GeoInvesting is an investment research boutique in Skippack, Pennsylvania. The GeoTeam's focus is on providing high quality stock market research tools and in-depth due diligence on U.S. small and micro-cap equities and on Chinese companies trading in China and the U.S. We research long and short ideas, and are the leading research boutique charged with helping investors navigate the treacherous China equity universe with a paramount goal to protect portfolios from fraud. Numerous notable media outlets have credited GEO We have been credited with exposing numerous fraudulent companies in China. We have built a reputation in the US small and micro-cap space as champions of transparency. On the long side, we have also developed a knack for picking stocks that have the propensity to get acquired at attractive premiums to their current prices. Our team is currently comprised of 13 analysts and traders, and 7 on-the-ground researchers in Mainland China.

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