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Company shifts focus to real estate, HQ to New Jersey
By Eric Strauss, February 22, 2016 at 11:46 AM
A New York-based company is transferring its headquarters to New Jersey, with the leader of another Garden State company taking the helm as it shifts focus to real estate holdings.
Mango Capital Inc. has acquired more than 400 properties in Western states as it becomes a real estate holding company specializing in undervalued American land, it said in a news release Monday.
The land deals helped settle litigation against Mango, which had been a publicly traded company based in Somers, New York, that purchased and resold structured settlements. The settlement of the litigation also means Mango now has no senior securities or preferred stock, the company added.
The company’s new leader is Rick J. Makoujy Jr., who for several years has been running a Far Hills-based land wholesaler called Land Ho Inc. Makoujy will run Mango for a $0 salary, instead receiving a share of dividends that will be paid to shareholders.
“We have assembled a terrific and motivated team and are thrilled at the opportunity to efficiently grow Mango into a major domestic land owner,” he said in a prepared statement. “This will be a great way for investors to diversify their portfolios with land in the United States without the hassles and expense of evaluating properties and paying taxes.”
Makoujy’s Land Ho company will also take an ownership stake in Mango, as will Englander Capital Corporation.
Mango expects to start paying dividends this year, it said.
http://www.njbiz.com/article/20160222/NJBIZ01/160229979/company-shifts-focus-to-real-estate-hq-to-new-jersey
MCAP-The advisory board includes representation from Englander Capital Corporation ("Englander"), run by hedge fund billionaire, Israel "Izzy" Englander. Englander has taken a 7.5% stake in Mango Capital, Inc.
MCAP- Mango Capital expects to start paying dividends in 2016.
MCAP- The company now has an asset rich balance sheet with no senior securities or preferred stock.
MCAP News just out. Nice!!
Longs clearly understand the potential of TPAC $$$$
Ho do I turn off these memory sucking videos that run when I open IHUB? Thx
One would clearly have to know what the true share structure is in order to speculate.
really!!
Security Notes
•Capital Change=shs decreased by 1 for 10 split Pay date=11/03/2008.
•Capital Change=shs decreased by 1 for 1500 split Ex-date=03/18/2014.
•Capital Change=shs decreased by 1 for 650 split Pay date=02/13/2015.
•Capital Change=shs decreased by 1 for 1000 split. Pay date=08/04/2015.
http://www.otcmarkets.com/stock/SFOR/profile
The email link on the website doesn't work anymore. Maybe they sold their gas station.
Thx
What is the OS and Float?
Thin Thin Thin
Maybe getting news?
Ok so what is the os and float?
What is the OS and Float here?
What did TALK bring to the table in this merge to attract UMS with 17 mil in revs? Doesn't make sense.
Link Please
That PR sucked!
What's the OS and Float?
$$$ TPAC LONG PAPER $$$
Value and industry demand already built in; again scam it is most certainly not. "US NAVAIR CERTIFICATION" a military specification which is backed and "certified as legitimate" by the "US Military" is one of the most costly and difficult certifications to attain. That's why TPAC is only one of six in this industry who have accomplished this onerous task.
Grab them now at this cheap undervalued level because I don't believe that anybody who has done DD would want to be out at the end of this day; tomorrow or next week.
Wooo! Over 6 milly back up on the bid!! Anybody else see that?
TPAC is clearly undervalued at this level with tons of short term permanent value catalyst on the way. Know what you own and you can wave goodbye to copper as it is quickly passed on the way to silver.
Tremendous bid here! Wow! Anyone see that on L2?
Stronger hands prevail when volatility is foisted upon them. We will be back to where we started soon. $$$ TPAC LONG PAPER $$$
"Know what you own, and know why you own it." - Peter Lynch
"An investment in knowledge pays the best interest." - Benjamin Franklin
"US NAVAIR CERTIFICATION" a military specification which is backed and certified as legitimate by the "US Military" is one of the most costly and difficult certifications to attain. That's why TPAC is only one of six in this industry who have accomplished this onerous task.
Scams don't have "US NAVAIR CERTIFICATION" a military specification that is backed and certified as legitimate by the US Military. People need to take this as a buying opportunity.
Too bad. they will regret their decision in short order. $$ TPAC LONG $$
All this proves is that anytime TPAC becomes a buying opportunity people snap up shares. Last dip was snapped up quickly as well.
Feeling sorry for anyone who gives their lottery ticket away at these levels. Know what you own. $$$ TPAC $$$
TPAC LONG til PAPER $$$
On board for the next leg up. $TPAC$
Well actually there are plenty fundamentals holding it up; for instance Navair Certification Jv's pending partnerships and the chart. Do some DD and I am sure you will change sides.
Professional website.