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RVEN moved to the Nasdaq from the OTC:
http://otce.finra.org/DLDeletions
Highly suspect when a new poster i.d. is created whose name is the ticker they are posting about...
REVEN HOUSING REIT COMMENCES $28.75 MILLION PUBLIC OFFERING
http://www.snl.com/IRW/file/4542409/Index?KeyFile=32955977
Reven Housing REIT Acquires 45 SFR Portfolio in Jacksonville, Florida
http://www.snl.com/IRW/file/4542409/Index?KeyFile=31489124
RVEN
Reven Housing REIT Announces a $28,750,000 Company Direct Public Offering
http://www.snl.com/IRW/file/4542409/Index?KeyFile=31284629
RVEN
It is amazing, but real estate to investors seems to be a real yawner, just does nothing for them at all.
I'm guessing no one wants to pay a 7000% premium for some shares...lol. Nice news indeed though...those houses bought in all cash. Wow!
A $5.00 spread dont help volume either.
It is, zero volume on great news.
RVEN one for 20 reverse split: (pre-split PPS .40)
http://www.otcbb.com/asp/dailylist_detail.asp?d=11/06/2014&mkt_ctg=OTCBB
Hmm....Volume seems to be way up the last 2 days.
AS increase,
PRE 14C...11/14/13,
http://www.sec.gov/Archives/edgar/data/1487782/000114420413058543/v359247_pre14c.htm
(from AS 100M, to AS 600M)
10/01/13...Reven Housing REIT Bolsters Balance Sheet With $11.9 Million in Financing,
http://ih.advfn.com/p.php?pid=nmona&article=59446783&symbol=RVEN
LA JOLLA, Calif., Oct. 1, 2013 /PRNewswire/ -- Reven Housing REIT, Inc. ("Reven" or the "Company") (OTCQB: RVEN) today announced that it has completed a private financing of $11.9 million on September 27, 2013.
The financing consisted of the Company's sale of common shares to King APEX Group II, Ltd. and King APEX Group III, Ltd., which funds are both managed by Allied Fortune (HK) Management Limited, a Hong Kong based funds management company in exchange for $11,000,000 of new capital. The Company also converted $902,176 of principal outstanding under previously issued 10% Convertible Promissory Notes ("Bridge Notes") at the offering price of $0.20 per share. The financing proceeds will be used to pay off approximately $152,176 of the remaining outstanding principal of the Bridge Notes that did not convert into shares of the Company's common shares and approximately $88,821 in accrued interest of the Bridge Notes. In addition, the financing proceeds will be used to acquire real estate investments and for future working capital needs. Additional details regarding the financing can be found in the Form 8-K to be filed with the U.S. Securities and Exchange Commission.
The cash portion of financing represents the initial closing of the proposed sale of up to $25 million of common shares by the Company at $0.20 per share. The Company expects to conduct additional closings for up to an additional $14,000,000 before the end of the calendar year.
Chad M. Carpenter, Chairman and CEO, explained, "This financing marks a major milestone in the growth of our Company. The amount of new capital, coupled with the conversion of 86% of the outstanding Bridge Notes, provides Reven with a relatively debt free balance sheet going forward and over $10,000,000 million in cash. Our plan is to move quickly in acquiring additional real estate investments."
Xiaofan Bai, Chairman & CEO of Allied Fortune (HK) Management Limited, states, "We are very excited about this new investment in Reven and intend to invest more capital for future acquisitions and assist the Company with its capital strategies."
SOURCE Reven Housing REIT, Inc.
Waz up nitwit...you in this one? Etrade shows it at. 15? Is this even trading?
Is this even trading yet?
On August 29, 2012, the board of directors of Reven Housing REIT, Inc. (the “Company”) appointed Chad M. Carpenter, the Company’s current President, Chief Executive Officer, Chief Financial Officer, and a member of the board of the directors (the “Board”) as Chairman of the Board effective as of August 29, 2012.
Chad M. Carpenter has served as our President, Chief Executive Officer and Chief Financial Officer, and a member of our board of directors, since July 2, 2012. Mr. Carpenter is Chief Executive Officer of Reven Capital, LLC, a private real estate investment firm focused on opportunistic investing, a position he has held since he founded Reven Capital in January 2009. Mr. Carpenter oversees all aspects of Reven Capital and chairs all investment committees and boards for each fund. Prior to founding Reven Capital, Mr. Carpenter served in various executive officer capacities, including Chief Executive Officer and Chief Financial Officer, and as a member of the investment committee of Equastone, LLC since he co-founded the company in 1994. Equastone was primarily engaged in the investment of office properties in the western and southern regions of the United States. He has been involved in over $2 billion in real estate transactions, has over 24 years of experience in real estate, investing, fund management, operations and brokerage across multiple property types. In addition, Mr. Carpenter has experience with international investments and the acquisition of distressed debt and related foreclosure. He is a frequent speaker on the topic of real estate investing and real estate capital markets. In 2005, Mr. Carpenter was selected as one of Real Estate Southern California's "40 Under 40." In 2007, he was a finalist for the Ernst & Young Entrepreneur Of The Year Award in San Diego and was also chosen as one of the "20 Rising Stars of Real Estate" globally by Institutional Investor News. Mr. Carpenter holds a Bachelor of Arts degree in Economics from the University of Southern California.
There is no arrangement or understanding pursuant to which Mr. Carpenter was appointed Chairman of the Board. Mr. Carpenter has no family relationships with any other executive officers or directors of the Company.
On July 2, 2012, Chad M. Carpenter purchased an aggregate of 5,999,300 shares of the outstanding common stock of the Company from certain of the Company’s shareholders in a private transaction and became the majority shareholder of the Company. As consideration for the shares, Mr. Carpenter paid a total purchase price of $128,605 from his personal funds. Additional information regarding this transaction was previously disclosed in the Company’s Form 8-K filed on July 9, 2012.
Item 5.07 Submission of Matters to a Vote of Security Holders.
On August 29, 2012, the shareholders owning a majority of the voting control of the Company approved, by written consent, the Company’s 2012 Incentive Compensation Plan (the “2012 Plan”), after the 2012 Plan was approved by the Company’s board of directors on August 29, 2012. Awards may be made under the 2012 Plan for up to 5,002,500 shares of common stock, par value $0.001 per share, of the Company. All of the Company’s employees, officers and directors, as well as consultants and advisors to the Company are eligible to be granted awards under the 2012 Plan.
As of August 29, 2012, the Company's authorized capitalization consisted of 100,000,000 shares of common stock, par value $0.001 per share (the “Common Stock), of which 8,350,000 shares were issued and outstanding, and 25,000,000 shares of preferred stock, par value $0.001 per share (the “Preferred Stock”), of which no shares were issued and outstanding.
whatcha guys doin?
RVEN is not the APS SCAM Tomorrow...
BRFG changed to RVEN:
http://www.otcbb.com/asp/dailylist_detail.asp?d=08/15/2012&mkt_ctg=OTCBB
Lol, I thought you might like the way I decorated the place for ya.
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08/15/12
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