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TALR ANNOUNCED ACQUISITON/MERGER FROM BLOOMBERG
now you post because you got your bid filled. TALR GOING TO TRIPS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
lex, finally i hit it big, I need to brag for a few days, weeks. feels so good!!!
Now you just need to add some maturity to your "riches". Yikes! lol
lol, I am rich, talr can go straight to hell. thank you 2748!
Rental listing updated 06/28. Everything adds up.
?http://www.loopnet.com/Listing/180-E-5th-St-E-Saint-Paul-MN/7348697/?
Totally agree. Just need 1 mention, 1 PR, anything. Level 2 couldn’t be thinner.
buying the gap scam. this will go back down and the ask will get undercut.
Lots of doubt about debt and what will be done with any profits if there are any.
down almost 90 percent now, will be down 99 percent very soon!
with the desperation of the idiots who bought this at 40 cents, I have decided now to bid under a penny. could make some mass fortune once the huge dumps occurr.
looking at 5 cents here to get in maybe for a flip. have to see the damage tomorrow
down 85 percent
down 80 percent in 1 day says your hope is wrong
The great thing about a pos like this is you can use your shares to start a dumpster fire to keep warm.
Wonderful post, thank you for breaking it down as I hadn’t had time to yet. Easy $2+ stock here. I’ll keep my lotto tickets.
In my opinion several times over
Nice post . Is it Thursday yet ?
I want some more .10!
With 98 million sale this should be
In dollar range no?
The $51mil loan was a construction loan for the St Paul property, for full renovation, expansion, complete mechanic lien payoff, and 100% payoff of the original loan on that property (purchase price of $32mil.)
They bought the property for $32mil, and at the time the $51million construction loan was issued, they had a remaining principal balance of $28mil plus $1mil in interest in the St Paul property, plus mechanic liens for work completed.
They were definitely in trouble before selling the St Paul property, because they had roughly $66 million in total real estate holdings (including other multi-million$ properties) that they needed to sell, putting them cash flow negative until the $98mil St Paul sale that just happened, and lost their CFO, a couple of board members, and their accounting firm (who is probably hating life today)..
They just cleared over $40million on St Paul, which is enough to pay off every mortgage they have outstanding, leaving them a $30+ million asset value on remaining properties (minimum), pay any and every SEC-required expense to get current, while doing so with zero debt and millions in rental income.
At 17mil OS, in my opinion this has the highest multi-bagger potential in the OTC.
agree, this will launch to a couple of dollars
I just don’t feel like the market is aware of the whole picture here yet honestly. Yes this moved 1500% yesterday but it isn’t even close to what the true valuation should be. This should be over a dollar.
Good luck to you too.
agreed, looking under the 10 cent range once they drop this down there. maybe not today but I have my bids in and have this on radar. gl
Agreed. Can’t blame them either. I don’t think it sees 40 again, but like S2Focus, I might take some lottery tickets down here.
got a good flip, looking to do it again possibly but it looks like the ones who got stuck are now trying to sell at the ask for a loss
Imagine those stuck at .40. Smh. I hope they sold shortly after they bought.
fake news here, love the dip
timber!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
lets go turkeys!!!!!!!!!!!!!!!!
10000000 bagger!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Who knows what is hidden from potential investors. Play the momo > Adult musical chairs > LOL.
Notice how the news was put out right before a holiday?
Hoping that regulators won't shut it down before the pump and dump it.
Good research, but nobody will listen and everybody will smack this and then MANY will be so mad when they’re trapped in a worthless stock.
There has been NOTHING said about a dividend and yet so many are spreading that misinformation to entice people to buy.
New bagholders coming up.
There is NO WAY the financials are the same as they were in 2016. There were expenses and accumulated debt building over the last two years.
If financials are same as 2016, except value of building is changed to 98 million, we are looking at a book value of over 1$. And assets over $100 million. They also were projected to do over $10 million in revenue in 2016. I think its undervalued here at .18 with 3 million dollar market cap. Especially with the clean L2
Here is the company that bought the asset:
https://www.otcmarkets.com/stock/FCRE/profile
Here is there latest financials:
https://backend.otcmarkets.com/otcapi/company/sec-filings/12770194/content/html
(They don't have anywhere near $90 Million in cash, they reported having a little more than $2 Million with total assets of less than $7 Million.)
It took me awhile to find this company as they have transferred assets a couple of times.
In fact, I believe a number of their subsidiaries have declared bankruptcy.
It seems that they may stiffed a few shareholders while they were more of a private REIT, but it is kind of hard to verify.
Here is the news about subsidiaries going bankrupt:
http://www.whitesecuritieslaw.com/2017/05/30/first-capital-real-estate-trust-inc-files-for-bankruptcy-protection/
As you can see, the article does mention Presidential Realty.
Of course, if you look into the filings of that company, they have also ceased ....
Sensing a pattern?
Of course, news about someone acquiring assets sounds great and may lead a few people to think the stock to be worth a lot more than $0.184 a share.
But when all the parties involved seem to think filing audited Financials is not important .... and that simply walking away is a legitimate business strategy well, let's just say it's not the most shareholder friendly company.
98 million dollars will pay a lot of expenses... But I agree... it's a gamble to be paying over .10 for sure!
Looking at December 2015 to September 2016, assets shrunk from $69,000,000 to $66,000,000. Meanwhile, liabilities went from $70,000,000 to $72,000,000.
A $1 million gap grew by 600% in only 9 months. We are almost to September 2018. How much more has that gap grown? Even if you took $5 million every 3 quarters, you’re looking at a gap of $18 million on top of the loan for the buildings. That’s a conservative number.
If more than that, you’re looking at any profits being consumed by the purchase price and the officers of the company probably being bought out.
Or you’ve accumulated a lot of debt over the last couple of years and someone is taking it off your hands cost.
Check out their accumulated debt on their last filing in 2016 and then start calculating what it would have been for 2017 and 2018.
That’s not including maintenance of the property.
I’m staying away from this. I think it’s a ticking time bomb.
You sell it for 98 million dollars and have 47 million dollars to pay $2/share dividend to shareholders???
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