Talon Real Estate Holding Corp. (fka TALR)

[KOmani]

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.