Vogogo (VGO) has notable insider buying

Vogogo (:VGO)

Luigi Gino DeMichele, a Director, acquired 750,000 Common Shares on a direct ownership basis at a price of $0.100 through a prospectus or prospectus exempt offering on October 31st, 2017. The insider also acquired 1,750,000 Common Shares on an indirect ownership basis for registered holder A2 Capital Management Inc. at a price of $0.100 through a prospectus or prospectus exempt offering on October 31st, 2017. This represents a $250,000 investment into the company's shares and an account share holdings change of greater than 100%.

Vogogo Inc., formerly Southtech Capital Corporation, is a risk management and electronic payment services company. The Company develops software that administers various electronic payments, including card payments, pre-authorized debit, peer-to-peer and online banking payments for the United States, the United Kingdom and Canadian markets. It has presence in Canada. It offers risk mitigation services, including know-your-customer (KYC) profiling and on-boarding, client underwriting, fraud mitigation, real time transaction monitoring, and smart transaction routing, coupled with compliance-based services, such as reporting, sanction checks and anti-money laundering-counter terrorist financing (AML-CTF) processes. It also offers a range of payment services that can be sold separately or bundled together with its risk management services. It operates in compliance as a Canadian Money Service Business with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).