Favo Capital Inc (FAVO)

[swanlinbar]

FAVO nice,nobody getting any of mine on the cheap!

[georgie18]

FAVO...45s cleared...55 on the ask here... Extremely thin ticker folks...

[georgie18]

FAVO...40 x 45...FAVO post name change from BESE...

[Stevebb]

I am trying to free up to hit the ask cause if this turns into a reit then do ya will eventually flow hope to hear something soon ?

[swanlinbar]

FAVO ask looks low

[Stevebb]

I’m going to add more here very soon and I’ll hit the ask when I do

[swanlinbar]

FAVO nobody giving them up on the cheap!

[swanlinbar]

Thanks for the Update!

[Renee]

BESED: effective Feb. 6,2019 BESED will change to FAVO:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

[georgie18]

FAVO...38...New Symbol for BESE...9,564,105 are Restricted out of the 9,999,232 Outstanding shares...

Authorized Shares
500,000,000
02/01/2019
Outstanding Shares
9,999,232
02/01/2019
Restricted
9,564,105
02/01/2019
Unrestricted
435,127
02/01/2019

[HallaDurg]

.70 is .014 pre split

[tshel]

updated , o/s 9,999,190 , restricted 9,564,105 , unrestricted 435,085

[adijas]

Nope

[swanlinbar]

BESED Divys would be a Big Boost imho

[Biddock1]

Anyone from td Ameritrade get there shares yet?

[Stevebb]

Cool I think I’m gonna hit the ask for a few hundred tomorrow I don’t have much not tied up right now but I am betting this goes up from here.

[swanlinbar]

Yes not showing r/s,me thinks it should be 10M
Not showing up under the new symbol in tda account.They let me put in a buy order but r/s shares not in my acc yet.

[Stevebb]

Plus they don’t have the reverse split listed there yet so that could drop the os to 10 million ? Well see

[Stevebb]

I was reading about favo a little they own a reit I wonder if they will include the dividends that are required I am think about picking up some more here this could run big when more info released

[alabama96]

Probably still 500,000,000 unless they change the number in NVSOS filing. They had to do a RS since the shares were maxed out and a majority of the outstanding were restricted Fromm the previous company. This wipes them out. 50-1 is pretty generous IMO and we may see this actually run with a legit company.

[Stevebb]

So what is the authorized is it still the 500 million or take to 50-1 off of that number ?

[swanlinbar]

Favo Realty Inc. President-Mr. Napolitano is the Founder and CEO of NRH Capital Markets LLC and also serves as Executive VP of Finance & Capital Markets for Richmond Honan Development & Acquisitions, LLC. Vincent is a 24 year Wall Street veteran who has specialized and served as Chief Investment Officer (CIO) for several Special Purpose Vehicles (SPV) designed to acquire private stock, pre-initial public offering (IPO) in unicorn companies such as Facebook & Twitter. Mr. Napolitano also led banking teams that raised over $150 million in REIT products and participated in financing several billion dollars of real estate related IPO’s. From 2002 through 2011 he was Founder and CEO of Garden City Capital Management LLC. & PNI Global Partners Inc., which has owned and operated a large Independent Offices of Supervisory Jurisdiction for several prominent National Brokerage Firms. Prior to that Vincent spent several years on the buy side as a Portfolio Manager of PTJP Partners Inc, a subsidiary of one of the largest family owned hedge funds based in NYC. Vincent lives in Williston Park, NY with his wife Kathleen and their six children. He is very active in his community, coaching youth baseball and serving on the Board of Directors for the local Little League. Vincent holds a FINRA Series 24, 62 & 63.

Related Posts

[swanlinbar]

Good Post from Potse on BESE(.0065)...management change on NVSOS.....

Quote:
Earlier this month David Lazar increased the outstanding share count from about 27M (26,609,354) to about 500M (499,959,354). The percentage of the legacy shares to the new outstanding count is 5.4%, which would be consistent with that general 3-10% ratio you would see on the majority of Reverse mergers



Still holding my full BESE shell position at a .0055 cost basis per share. If the assumption I made in the above post is correct (that the share increase relects a RM structural ratio), this could get pretty interesting following the 1:50 reverse split tomorrow. Again, if the above assumption is correct, a post-RM merger valuation of $3+M seems extremely attractive.

The NVSOS filing today shows the new management change and there also was an address change on the OTC profile page. The new President (Vincent Napolitano) appears to have considerable experience/connections in the area of real estate and financing.
Napolitano's LinkedIn posts/reposts are kind of interesting because one of them involves the OTC Markets tier system and tranfer agents.......

Quote:
Mr. Napolitano is the Founder and CEO of NRH Capital Markets LLC and also serves as Executive VP of Finance & Capital Markets for Richmond Honan Development & Acquisitions, LLC. Vincent is a 24 year Wall Street veteran who has specialized and served as Chief Investment Officer (CIO) for several Special Purpose Vehicles (SPV) designed to acquire private stock, pre-initial public offering (IPO) in unicorn companies such as Facebook & Twitter. Mr. Napolitano also led banking teams that raised over $150 million in REIT products and participated in financing several billion dollars of real estate related IPO’s. From 2002 through 2011 he was Founder and CEO of Garden City Capital Management LLC. & PNI Global Partners Inc., which has owned and operated a large Independent Offices of Supervisory Jurisdiction for several prominent National Brokerage Firms. Prior to that Vincent spent several years on the buy side as a Portfolio Manager of PTJP Partners Inc, a subsidiary of one of the largest family owned hedge funds based in NYC. Vincent lives in Williston Park, NY with his wife Kathleen and their six children. He is very active in his community, coaching youth baseball and serving on the Board of Directors for the local Little League. Vincent holds a
FINRA Series 24, 62 & 63
more here: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145958444

[swanlinbar]

BESE Will be only 10 Million shares out

[retireat40]

Multiply closing price by 50.

[georgie18]

BESE...005...adding into the split...

[Minitruckin]

Where that put the price

[Renee]

BESE: effective Jan. 9,2019 Beeston Enterprises Ltd. will change to Favo Realty Inc. and a one for 50 reverse split:

http://otce.finra.org/DLSymbolNameChanges

[HallaDurg]

Fair ratio. I will hold.

[davidsson10]

1:50 R/S Tomorrow, per FINRA: http://otce.finra.org/DailyList

BESED

[swanlinbar]

$$ down the line Tks

[crudeoil24]

Nice upside! > $$$$$

[Biddock1]

People Dumping at the lows lmao

[Biddock1]

Asshats need to learn how to trade jeez

[georgie18]

Nice work...ty...

[adijas]

This could be new company https://favogrp.com/

[yankees18]

took a few

[adijas]

Name change to Favo Realty https://www.nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=x5zImbyqg%252bOjZP9t%252bP3NKg%253d%253d&CorpName=FAVO+REALTY%2c+INC.

[georgie18]

BESE...0046...bidding a few on the dip...

[georgie18]

We shall see...

[reces]

This looks like a great find Georgie. Love the SS.

[Quintessence]

I wouldn't mind more of that!

[georgie18]

Yes Indeed...

[m0n]

$BESE big volume
Today up
105%

[Quintessence]

I hope we get some news (and volume) soon. Any idea what the next milestone might be?

[georgie18]

It's time will come...

[m0n]

Its unfortunate the lack of interest here

$BESE

[georgie18]

BESE...015...Order Discharging Custodian...

https://www.clarkcountycourts.us/Portal/Case/CaseDetail?eid=C0ldorgcfYZWIyFY2KTUUw2&tabIndex=3

Authorized Shares
500,000,000
11/19/2018
Outstanding Shares
499,959,354
11/19/2018
Restricted
478,205,200
11/19/2018
Unrestricted
21,754,154
11/19/2018

[swanlinbar]

Give up your Shares!

[georgie18]

BESE...1335...12/18/2018 Motion

Judicial Officer
Escobar, Adriana

Hearing Time
9:30 AM

Comment
Motion to Terminate Custodianship

https://www.clarkcountycourts.us/Portal/Case/CaseDetail?eid=C0ldorgcfYZWIyFY2KTUUw2&tabIndex=3