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It has it all for a monster runner
Took some here. Are we finally going to have an epic OTC runner? This has all the ingredients...
Not sure on target. We are talking 400k floating…. That’s minuscule
Yeah seems like a no brainer .. what’s your target
This FAVO deal though…
Key Highlights from The FAVO Group of Companies:
Exponential year on year revenue growth since entering the alternative finance business in Q4 of 2020.
Revenues 2020 - $122,000
Revenues 2021 - $10.6 million
Revenues 2022 - $17.5 million
Participated in over 12,300 business fundings across multiple states and industries.
Participated in the Syndication of approximately $840 million worth of capital to small and medium size businesses across the United States, which equates to a total Right to Receive (RTR) of over $1.1 billion of which the company represents 10% of the portfolio.
It’s a primo setup here…
Grabbed 1 k shares gltu
Really nice setup/merger here. 400k floating at $.40!
FAVO Capital, Inc. has Acquired the FAVO Group of Companies; The Transaction is Valued at $37 Million Dollars Which Includes Cash, Stock & Assumption of Debt; The Company has Partnered with Stewards Investment Capital Limited to Expand Its Global Footprint
https://www.otcmarkets.com/stock/FAVO/news/FAVO-Capital-Inc-has-Acquired-the-FAVO-Group-of-Companies-The-Transaction-is-Valued-at-37-Million-Dollars-Which-Includes?id=403050
Getting current, tiny float, lots of cash flowing:
https://backend.otcmarkets.com/otcapi/company/financial-report/281910/content
https://www.otcmarkets.com/stock/FAVO/news/FAVO-Capital-is-Pleased-to-Announce-the-Completion-of-OTC-Market-Filings-and-Obtaining-Pink-Current-Information-and-Comp?id=300657
nice, thanks~
Filings posted on OTCMARKETS
Out of it for quite a while...ty...
Good day G18....FAVO ....ran 3000% the other day.....are your sentiments the same as it was nearly a year and a half ago?
This thing held up pretty nicely today considering market is down and you know being up 3000% in 1 day.
More to come for sure with that float shorts can't control it.
LOL...now $1.75. Gotta love the 400k float.
FAVO...now $1.06. Come on people.
Hows it looking on Level 2?
I can see it breaking $5-$7 today but I’m not in so if I don’t get filled down here I won’t chase.
$FAVO: I do think it goes higher.........
That was some seriously good volume that came into it.
GO $FAVO
You expecting more from this today? I spoke to the CEO yesterday the reason they got so behind on their filings was because when they moved to this business model the new business took off!
$FAVO: Exactly........ no one was expecting anything from it
$NATUF is about to blow up as well.......... cuz no one is expecting
anything from it.
How wrong they are......... its the best concentrate Tungsten out there
GO $FAVO
400K float wow this thing ONPH 2.0
SQUEEZE BOYS
Monster IHAI similar share structure and reinstated too
$FAVO: ow 3.85
HOLllllllllllllllllleeeeeeeeeeeeeee PHUUccccccccccckkkkkkkkkkkk
$NATUF is next
GO $FAVO
$FAVO: Now 2.50 !!!!!!!!!
Looks like a RM squeezer
GO $FAVO
$FAVO : ON FIrreeeeeeeeeeeeeee.......... just hit $1.70
Up 4k% today
GO $FAVO
Favo Realty Inc. changed to Favo Cap Inc.
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
$FAVO The Management and the Board of Directors of FAVO Realty, Inc has Voted to Change the Corporate Name to FAVO Capital, Inc. The New Name Emphasizes the Companies Newly Created Alternative Business Funding Division
Press Release | 08/26/2020
GARDEN CITY, NY / ACCESSWIRE / August 26, 2020 / FAVO Realty Inc. (OTC Pink: FAVO)
FAVO Realty Inc. is pleased to announce that pending regulatory filings and approvals the Management Team and Board of Directors has voted to change the corporate name to FAVO Capital, Inc. The Company is launching an Alternative Business Funding and Financing Division under the FAVO Capital brand. FAVO Capital will address the funding gap experienced by small to medium-sized businesses that are looking to grow. FAVO Capital will provide these businesses with quick, simple access to secured and unsecured working capital.
FAVO Capital will specialize in Merchant Cash Advance (MCA) Funding and will act in multiple capacities such as a Direct Funder and as a Syndicate Partner. FAVO Capital also plans on providing small to medium-sized businesses with end-to-end finance solutions, such as Accounts Receivable Financing, Purchase Order Financing, Equipment Finance and Leasing, Lines of Credit, Commercial Real Estate (CRE) Financing and SBA Loans.
Vincent Napolitano, CEO, stated, "We have decided the time is right to enter the merchant cash advance / alternative business funding industry. We believe the Covid-19 pandemic reset the industry and as the economy rebounds, many banks will be forced to revamp their criteria for approving loans, which is already a very cumbersome process." He added "FAVO intends to fill the void with a streamlined approval and financing process for both Independent Sales Organizations (ISO) and merchants nationwide. Application to funding occurs within 24 to 48 hours."
FAVO Capital Inc. will have two divisions - Lending and Commercial Real Estate (CRE). Lending will fall under the FAVO Capital Brand and CRE will be under the FAVO Realty Brand. We will be launching a new corporate website under www.favocapital.com and both divisions will focus on adding long-term value to the brand, shareholders, investors, and partners.
Shaun Quin, President, stated, "Our portfolio will consist of direct lending and syndication with strategic partners and we will offer affiliate and partner programs for ISO's nationwide. We intend on expanding our executive team. We are currently seeking to hire a senior merchant finance executive to manage the day to day operations of the lending division and we believe that search will be complete shortly."
Mr. Napolitano, CEO, added, "The MCA funding business is a $20 billion dollar a year industry that is growing. I plan on using a Wall Street background to make FAVO the most compliant merchant funder on the street and we will always look at small business owners and merchants as our partners and if they thrive and prosper, we will too!"
More About FAVO Realty Inc.:
FAVO CAPITAL is a Direct Funding Company, which provides customized, short-term funding to small and mid-sized businesses nationwide. FAVO Realty is a Real Estate Investment Company which invests in a diversified portfolio of quality commercial real estate properties throughout the United States. "FAVO" is "Honeycomb" in Latin - The Honeycomb (Hexagon) is the most efficient shape in the universe. FAVO Realty Inc. intends to be Efficient, Flexible & Durable. www.favogrp.com
More About FAVO Group, LLC:
FAVO GROUP, LLC is the External Manager of FAVO Realty Inc. (FAVO - OTC Markets). They were founded by a Group of Capital Market, Finance, Real Estate and Business professionals with over 100 years of collective experience and have transacted in over $6 billion of related transactions. www.favogrp.com
CONTACT:
Email: info@favogrp.com.com
Tel: 833.328.6477
Safe Harbor/Forward-Looking Statements
This press release contains certain forward-looking statements including, but not limited to, statements, estimates, and projections of future trends and of the anticipated future performance constitute "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, as amended, including, without limitation, statements regarding the Series' expectations, beliefs, or future strategies that are signified by the words "expects," "anticipates," "intends," "believes," or similar language. These forward-looking statements concern the Company's operations, economic performance and financial condition and are based largely on the Company's beliefs and expectations. These statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Actual results may differ materially from expected results. Given these uncertainties, the reader is advised not to place any undue reliance on such forward-looking statements. These forward-looking statements speak only as of the date of this press release FAVO Realty, Inc and its Management Team expressly disclaims any obligation to update any such forward-looking statements in this document to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements, unless specifically required by law or regulation
SOURCE: FAVO Realty, Inc and FAVO Group, LLC
View source version on accesswire.com:
https://www.accesswire.com/603505/The-Management-and-the-Board-of-Directors-of-FAVO-Realty-Inc-has-Voted-to-Change-the-Corporate-Name-to-FAVO-Capital-Inc-The-New-Name-Emphasizes-the-Companies-Newly-Created-Alternative-Business-Funding-Division
FAVO FAVO Realty Inc Announces They Have Signed a Fully Executed Letter of Intent (LOI) to Purchase a Dollar General "NNN" Property in Johnstown, PA and Sells FAVO Blockchain, Inc to a Private Company
Thursday, February 6, 2020 8:00 AM
GARDEN CITY, PA / ACCESSWIRE / February 6, 2020 / FAVO Realty Inc, a real estate investment and asset management company is pleased to announce they have signed a fully executed Letter of Intent (LOI) to acquire a 9,026 SF Dollar General (DG) store in Johnstown, PA. This is FAVO's first Dollar General acquisition. This DG store was built-to-suit in 2016 with a 15-year triple net lease. This corporate secured lease has 11.5+ years remaining plus three (3) five (5) year options with rental increases. FAVO Realty, Inc anticipates closing on this property within 60 days.
In a separate transaction FAVO Realty, Inc sold its wholly owned subsidiary FAVO Blockchain, Inc. to a private company and they are exiting the cryptocurrency and blockchain business to focus solely on building a diversified commercial real estate portfolio. A portfolio that will provide durable and predictable cash flow to the Company as well as growth opportunities.
Vincent Napolitano, CEO, stated, "The Johnstown Dollar General is strategically positioned on Main Street in the heart of Johnstown, PA and less than one mile from the Johnstown Expressway which averages over 17,000 vehicles per day." He added "This property has a substantial 5-mile population of over 60,000 residents in 27,000 households with an average annual income of $57,000 per year."
Shaun Quin, President added, "With the volatility and uncertainty in the cryptocurrency space we believe it is in the best interest of our shareholders to exit the bitcoin mining business and focus solely on our core business which is real estate. Our sole focus will be on building shareholder value by acquiring and managing a diversified portfolio of trophy real estate assets across the United States."
Mr. Napolitano also said, "Dollar General has over 16,000 stores nationwide and plan on opening 1000 more in the next 12 months. They have had 28 consecutive years of same-store sales growth and they are uniquely qualified to go in underserved communities and open a 9,000 SF store where Walmart, Target and Costco can't open a 100,000 SF store."
Additional Information on the sale of FAVO Blockchain, Inc can be found in the Company's Form 8-K filed February 4, 2020
More About FAVO Realty Inc:
FAVO REALTY, INC is a real estate investment company which intends to invest in a diversified portfolio of quality commercial real estate properties and other real estate investments located throughout the United States and Puerto Rico. "FAVO" is "Honeycomb" in Latin - The Honeycomb (Hexagon) is the most efficient shape in the universe. FAVO Realty Inc. intends to be Efficient, Flexible & Durable. www.favogrp.com
More About FAVO Group, LLC:
FAVO GROUP, LLC is the External Manager of FAVO Realty Inc. (FAVO - OTCPINK). They were founded by a Group of Real Estate and Capital Market professionals with over 100 years of collective experience and have transacted in over $6 billion of Real Estate related transactions. www.favogrp.com
More About Dollar General Corporation:
Dollar General Corporation (DG; S&P: BBB/Stable) was founded in Tennessee in 1939 and today operates over 16,000 general stores in 44 states. DG stores deliver everyday low prices on items including food, snacks, health and beauty aids, cleaning supplies, family apparel, housewares, seasonal items, paper products and much more from America's most-trusted brands and products, along with Dollar General's high-quality private brands. Some of its brand names include but not limited to Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg's, General Mills and PepsiCo.
Safe Harbor/Forward-Looking Statements
This press release contains certain forward-looking statements including, but not limited to, statements, estimates, and projections of future trends and of the anticipated future performance constitute "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, as amended, including, without limitation, statements regarding the Series' expectations, beliefs, or future strategies that are signified by the words "expects," "anticipates," "intends," "believes," or similar language. These forward-looking statements concern the Company's operations, economic performance and financial condition and are based largely on the Company's beliefs and expectations. These statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Actual results may differ materially from expected results. Given these uncertainties, the reader is advised not to place any undue reliance on such forward-looking statements. These forward-looking statements speak only as of the date of this press release FAVO Realty, Inc and its Management Team expressly disclaims any obligation to update any such forward-looking statements in this document to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements, unless specifically required by law or regulation.
CONTACT:
Email: info@favogrp.com
Tel: 833.FAVOGRP
SOURCE: FAVO Realty, Inc and FAVO Group, LLC
FAVO Realty Inc Announces They Have Signed a Fully Executed Letter of Intent (LOI) to Purchase a Dollar General "NNN" Property in Johnstown, PA and Sells FAVO Blockchain, Inc to a Private Company
https://www.accesswire.com/575439/FAVO-Realty-Inc-Announces-They-Have-Signed-a-Fully-Executed-Letter-of-Intent-LOI-to-Purchase-a-Dollar-General-NNN-Property-in-Johnstown-PA-and-Sells-FAVO-Blockchain-Inc-to-a-Private-Company
I’m still holding here happy they dumped the block chain it didn’t fit in with the future plans.
Sorry for the delay in my response but I only have access to 15 posts a day...but have no limitations on Friday happy hour between 4/5...
Thanks...appreciate the heads up...
FAVO Bids are creeping up fyi
FAVO Someone is Buying up shares! Why? Maybe because of the shares Outstanding has $$Dollarland$$ all over it at some point! imho
Shares Outstanding 532.2K
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