Favo Capital Inc (FAVO)

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Good Post from Potse on BESE(.0065)...management change on NVSOS.....

Quote:
Earlier this month David Lazar increased the outstanding share count from about 27M (26,609,354) to about 500M (499,959,354). The percentage of the legacy shares to the new outstanding count is 5.4%, which would be consistent with that general 3-10% ratio you would see on the majority of Reverse mergers



Still holding my full BESE shell position at a .0055 cost basis per share. If the assumption I made in the above post is correct (that the share increase relects a RM structural ratio), this could get pretty interesting following the 1:50 reverse split tomorrow. Again, if the above assumption is correct, a post-RM merger valuation of $3+M seems extremely attractive.

The NVSOS filing today shows the new management change and there also was an address change on the OTC profile page. The new President (Vincent Napolitano) appears to have considerable experience/connections in the area of real estate and financing.
Napolitano's LinkedIn posts/reposts are kind of interesting because one of them involves the OTC Markets tier system and tranfer agents.......

Quote:
Mr. Napolitano is the Founder and CEO of NRH Capital Markets LLC and also serves as Executive VP of Finance & Capital Markets for Richmond Honan Development & Acquisitions, LLC. Vincent is a 24 year Wall Street veteran who has specialized and served as Chief Investment Officer (CIO) for several Special Purpose Vehicles (SPV) designed to acquire private stock, pre-initial public offering (IPO) in unicorn companies such as Facebook & Twitter. Mr. Napolitano also led banking teams that raised over $150 million in REIT products and participated in financing several billion dollars of real estate related IPO’s. From 2002 through 2011 he was Founder and CEO of Garden City Capital Management LLC. & PNI Global Partners Inc., which has owned and operated a large Independent Offices of Supervisory Jurisdiction for several prominent National Brokerage Firms. Prior to that Vincent spent several years on the buy side as a Portfolio Manager of PTJP Partners Inc, a subsidiary of one of the largest family owned hedge funds based in NYC. Vincent lives in Williston Park, NY with his wife Kathleen and their six children. He is very active in his community, coaching youth baseball and serving on the Board of Directors for the local Little League. Vincent holds a
FINRA Series 24, 62 & 63
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