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PayMeOn (NASDAQ:PAYM) CEO Edward A. Cespedes acquired 725,000 shares of the stock on the open market in a transaction dated Tuesday, June 17th. The shares were purchased at an average cost of $0.10 per share, for a total transaction of $72,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

PayMeOn (NASDAQ:PAYM) remained flat at $0.3101 during during mid-day trading trading on Wednesday. The stock had a trading volume of 1,000 shares. PayMeOn has a 1-year low of $0.072 and a 1-year high of $1.03. The stock’s 50-day moving average is $0.31 and its 200-day moving average is $0.32. The company’s market cap is $1.7 million.

PayMeOn, Inc, formerly MMAX Media, Inc, is a development-stage company. The Company develops and markets products, which provide merchants and consumers with mobile marketing services and offers mobile coupons, mobile business cards, mobile Websites, use of short messaging service (NASDAQ:PAYM) short codes and contest management.

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