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Praco Corporation (PRAY)

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Last Post: 6/15/2017 12:17:08 PM - Followers: 2 - Board type: Free - Posts Today: 0

Real Estate Ownership investing in communities HOF currently owns over 225 residential properties in the City of Philadelphia. They are considered row homes, as they are adjacent to the property next door, usually have little if any front or back yard, and are around 900 to 1,200 square feet in size. The Philadelphia rental market continues to gain strength, going from under 37% renters to over 43%. Rents continue to firm and areas north and southwest of the central business district continue re-gentrification. Fortunately, we have homes in those areas and have seen significant increases in property values. The Fund is in the process of selling the properties to a public company called Praco Corporation (PRAY, NASDAQ) in exchange for the majority of stock in Praco. Currently, the real estate is generating gross rents of over $1,000,000 per year, and approximately $400,000 in free cash. HOF expects to complete the transactions by the end of the second quarter 2015. Praco anticipates raising cash for acquisition of additional houses and looks to concentrate exclusively in single-family residential rental housing.
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PRAY News: Annual Report (10-k) 08/24/2017 05:10:39 PM
PRAY News: Quarterly Report (10-q) 05/19/2017 10:56:56 AM
PRAY News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 05/12/2017 11:06:01 AM
PRAY News: Current Report Filing (8-k) 04/25/2017 04:14:18 PM
PRAY News: Quarterly Report (10-q) 03/16/2017 05:09:09 PM
#22   Just going lower. These shell stocks are just Traderfan 06/15/17 12:17:07 PM
#21   PRAY News: Quarterly Report (10-q) 03/16/2017 05:09:09 PM mick 03/24/17 10:14:39 AM
#20   Praco Corporation (P (PRAY) mick 03/24/17 10:14:29 AM
#19   it is obvious etcetera doesn't know much about adijas 03/17/17 12:29:29 PM
#18   only a few k went to .05. $hellKing 03/17/17 12:24:50 PM
#17   Ok. Its up 80% and seems risky buying etcetera 03/17/17 12:21:23 PM
#16   Of course they have no assets, because it adijas 03/17/17 12:12:08 PM
#15   Wait til its finalized and you dont get $hellKing 03/17/17 12:06:06 PM
#14   From last 10q with assets of only $1216 etcetera 03/17/17 12:02:15 PM
#13   Maybe you should read the whole Q. adijas 03/17/17 12:01:20 PM
#12   Very risky the merger hasnt taken place?lol $hellKing 03/17/17 11:59:27 AM
#11   Your not posting this bc I poo'ed on $hellKing 03/17/17 11:57:16 AM
#10   From merger agreement that has not closed yet "This etcetera 03/17/17 11:56:15 AM
#9   Whatever. that aint happening. Look at $hellKing 03/17/17 11:55:37 AM
#8   where in the heck do you get that $hellKing 03/17/17 11:55:04 AM
#7   From last 10q Notes payable - related parties etcetera 03/17/17 11:53:15 AM
#6   Seems like rs coming here sorry etcetera 03/17/17 11:50:38 AM
#5   Looking back on insider ownership and S1 $hellKing 02/22/17 09:50:09 AM
#4   This is one of my favorite otcs. $hellKing 02/21/17 05:39:55 PM
#3   New Director added to NV. $hellKing 02/21/17 05:38:13 PM
#2   PRAY .25x.35 Time stamp this. See $hellKing 02/03/17 11:22:41 AM
#1   Bio of potential Acquisition $hellKing 02/03/17 11:20:42 AM