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FAVO ask looks thin WOW.Could be Blue skies with very little vol. imho
Yes seeing that. Very under valued with this news..
FAVO
Nice find... only a 10 million OS.
Winner winner chicken dinner
Huge news out
On Monday May 13, 2019, FAVO Realty Inc Sent a Letter Of Intent to Make a Formal Offer to Acquire up to 100% of OrbVest Limited (Listed on the MERG Exchange in the Republic of Seychelles) for $11.6Mil USD or $.40 Per SharePress Release | 05/16/2019
The $.40 Per Share Offer Is A 36.5% Premium To The Closing Price on Friday May 10, 2019. A Formal Offer Will Be Made Within 30 Days. FAVO Has Confirmed That It Has Sufficient Resources To Satisfy Full Acceptance Of The Offer To OrbVest Shareholders.
GARDEN CITY, NY / ACCESSWIRE / May 16, 2019 / FAVO REALTY, INC (OTC PINK: FAVO):
Assuming the closing of this transaction, FAVO intends to purchase several income-producing real estate assets with long-term credit tenants and seek to uplist to the NASDAQ Capital Markets. OrbVest currently has slightly over $6.2mil in income producing commercial real estate (CRE) assets and generates over $800,000 in annual revenue.
If traded on the NASDAQ Capital Markets FAVO could open the US Independent Broker-Dealer (IBD) Channels to exponentially drive the capital raising efforts here in the US while the OrbVest sales team continues to raise capital from foreign investors seeking to invest in quality CRE assets in the US.
FAVO will also offer all OrbVest shareholders a "OrbVest Shareholder Warrant". In addition to the 36.5% premium being offered for OrbVest Shares, for every 1000 shares of OrbVest an OrbVest shareholder owns, they will have the right to purchase 100 shares of FAVO stock at $2.00 per share for 5 years from the date of the closing.
OrbVest's current management team is seeking to dilute shareholders by 25% through an Executive Share Incentive Scheme and seek to increase some Senior Management salaries by nearly 100%, while the company operates at a loss.
FAVO REALTY, INC ("FAVO" OTC PINK), a real estate investment company, is pleased to announce today that on Monday May 13, 2019 they sent the Directors of OrbVest Limited ("ORB" - Incorporated in the Republic of Seychelles on October 5, 2015 and began trading on July 1, 2018; Share Code ORB; ISIN: SC9998EIJC16) a Letter Of Intent (LOI) to make an offer to the shareholders of OrbVest to acquire a minimum of 50.1% and a maximum of 100% of the issued and outstanding ordinary shares of OrbVest Limited pursuant to the terms of the Seychelles Securities Takeover regulations of 2008.
Vincent Napolitano, the Founder and CEO of FAVO Realty Inc, stated, "This transaction is beneficial to FAVO and OrbVest's shareholders alike, a win-win for all involved. The synergies and cost savings coupled with the ability of both teams to raise capital here in the United States and abroad should ramp up our real estate acquisition pipeline exponentially."
The final offer will be submitted by June 14th, 2019 and will be subject to shareholder approval at both companies, regulatory review and other customary conditions.
FAVO will also request that the OrbVest Directors postpone the planned Annual General Meeting on May 24, 2019 in order to give their shareholders an opportunity to understand FAVO's offer and make an informed decision.
McMurdo Law Group, LLC is acting as Legal Advisors to FAVO Realty Inc.
Great update I expect this to run up quick and hold once the ball gets rolling.
FAVO(.202)...Napolitano's LinkedIn post from yesterday.....
News out
FAVO Realty Inc to Acquire RLT Atwood International Ltd. (Listed on the MERG Exchange in the Republic of Seychelles) for $2.812 Million in a Stock Share Swap to Create a World Class Real Estate and Blockchain CompanyPress Release | 05/07/2019
FAVO Realty Inc. Will Focus on Acquiring a Diversified Portfolio of Quality Commercial Real Estate (CRE) Assets and RLT will Rebrand Under the Name "FAVO Blockchain Inc."
FAVO Blockchain Will Be Positioned to Be a Market Leader as Blockchain Technology Continues to Meet the Needs of the Commercial Real Estate (CRE) Market
FAVO Blockchain's Dedicated Cryptocurrency Mining Operations Should Add Long-Term Value to Shareholders
Shaun Quin, CEO of RLT Atwood Will Join the FAVO Group, LLC as President. FAVO Group, LLC is the External Manager of FAVO Realty Inc.
GARDEN CITY, NY / ACCESSWIRE / May 7, 2019 / FAVO REALTY, INC (OTC PINK: "FAVO"), a real estate investment company, is pleased to announce today that they have entered into a definite agreement (the "Agreement") to acquire RLT Atwood International Limited LTD ("RLT" - Incorporated in the Republic of Seychelles on 12 April 2018; ISIN: SC2767HDIH83). The world's first vertically integrated listed investment blockchain management company. FAVO will acquire RLT for $2.812 million in a stock swap transaction. FAVO will issue a maximum of 7,400,000 new shares. The transaction is expected to close within 30 days. Pursuant to the closing FAVO intends to conduct a financial audit and seek to uplift to the OTCQB Market.
Vincent Napolitano, the Founder and CEO of FAVO Realty Inc, stated, "This transaction will create a leading commercial real estate (CRE) company that will be at the forefront of the coming integration of blockchain technology and CRE. It also gives FAVO a "call option" on the price of bitcoin. He added "This transaction is another step in creating a world-class company for our shareholders and we intend to ramp up our real estate acquisition pipeline as soon as this acquisition closes. I am excited to work closely with Shaun Quin, Former CEO of RLT as we grow FAVO into a world-class real estate company."
Shaun Quin, newly appointed President of FAVO Group, LLC said "I am looking forward to helping FAVO deliver the most innovative commercial real estate investment opportunities within a highly competitive and dynamic marketplace. The combination of FAVO and RLT creates an exciting opportunity for our company, for our partners and most importantly our shareholders."
The merger agreement is subject to shareholder approval at both companies, regulatory review and other customary conditions and is expected to conclude within 30 days. PKF Indian Ocean and MERJ Exchange Ltd. (formerly known as TROP-X/Seychelle Securities Exchange) acted as independent advisors to RLT and McMurdo Law Group, LLC as Legal Advisors to FAVO Realty Inc.
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.
More About RLT Atwood Ltd:
RLT Atwood Ltd. Is the world's first vertically integrated listed investment blockchain management company. Headquartered in Eden Island, Seychelles as a registered publicly traded investment option that manages a fully diversified, alternative Blockchain investment portfolio and they are pioneers in decentralized systems.
More on FAVO GROUP, LLC:
FAVO GROUP, LLC is the External Manager of FAVO Realty Inc. (FAVO - OTC Markets). 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.
None that i know of,added some more last month Still Holding all
gl
I’m still holding any new developments on this company ?
Why is MAXM a Market Maker on the Bid????? They are traditionally a non-retail marker maker, which means they don't work with small investors like you and me
Looking for many dollars myself...we shall see...
FAVO nice,nobody getting any of mine on the cheap!
FAVO...45s cleared...55 on the ask here... Extremely thin ticker folks...
FAVO...40 x 45...FAVO post name change from BESE...
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 ?
FAVO ask looks low
I’m going to add more here very soon and I’ll hit the ask when I do
FAVO nobody giving them up on the cheap!
BESED: effective Feb. 6,2019 BESED will change to FAVO:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
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
updated , o/s 9,999,190 , restricted 9,564,105 , unrestricted 435,085
BESED Divys would be a Big Boost imho
Anyone from td Ameritrade get there shares yet?
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.
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.
Plus they don’t have the reverse split listed there yet so that could drop the os to 10 million ? Well see
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
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.
So what is the authorized is it still the 500 million or take to 50-1 off of that number ?
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
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
BESE Will be only 10 Million shares out
Multiply closing price by 50.
BESE...005...adding into the split...
Where that put the price
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
Fair ratio. I will hold.
1:50 R/S Tomorrow, per FINRA: http://otce.finra.org/DailyList
BESED
$$ down the line Tks
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