The wording is strange, but it does seem as though Orie still controls the holdings under COHO. Maybe all these holdings will still operate under the new company but I doubt it. I think Orie is taking them private and Stonecrest is just acquiring the ticker.
Stonecrest Acquisitions is a real estate company.
Our new CEO/President is CEO of Urban Retail Properties, LLC, which has offices in CA, IL, MA, FL, CT, TX and Shanghai, China.
Our new Vice President/Treasurer is a Principal of Summit Commercial Real Estate Group and Summit Realty Management, LLC.
Everything so far is pointing towards a real estate company/group acquiring the ticker to go public. More to look into for sure but like Orie's tweet said, this may be better for shareholders.
