|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.2617 - 0.2617|
|52 Week Range||0.1820 - 0.2820|
|Beta (3Y Monthly)||0.61|
|PE Ratio (TTM)||32.71|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
VANCOUVER , March 19, 2019 /PRNewswire/ - Parkit Enterprise Inc. ( "Parkit" or the "Company" ) (TSXV: PKT; OTCQX: PKTEF) is pleased to announce that it has met the requirements of Tier ...
Book value per share increased for the quarter from $0.55 per share to $0.64 per share. Sale of Terra Park in June 2018 : OP Holdings JV LLC (the "Joint Venture") sold Terra Park , its parking facility located in Jacksonville, Florida . Terra Park was bought by the Joint Venture in 2015 for US$6.4 million (consisting of an equity investment of US$2.4 million ) and was sold for US$6.83 million plus an additional sum of US$750,000 paid in equal monthly installments over one year.
Parkit Enterprise Inc. is engaged in the acquisition, optimization and asset management of income producing parking facilities across North America . The Company's shares are listed on TSX-V (PKT.V) and on the OTCQX (PKTEF).
OTCQX: PKTEF) (the "Company" or "Parkit") is pleased to announce the closing of its rights offering (the "Rights Offering") announced on November 7, 2018 . A total of $718,270.55 was raised in the Rights Offering. Parkit intends to use the proceeds of the Rights Offering for identification and evaluation of new projects.
OTCQX: PKTEF) (the "Company" or "Parkit") announced today that, in conjunction with the closing of its previously announced rights offering which is scheduled to close on December 14, 2018 , it intends to complete a non-brokered private placement of up to Cdn$312,500 of common shares at a price of Cdn$0.29 per share (the same price at which shares may be purchased under the rights offering). The principal purpose for the private placement is to enable Leonite Capital LLC (a U.S. entity controlled by Avi Geller , an officer and director of the Company) to satisfy its commitment to purchase Cdn$250,000 pursuant to its standby commitment under the rights offering.
OTCQX: PKTEF) is pleased to announce that it has appointed Avi Geller as interim Chief Executive Officer of the Company. Avi will work with David Delaney , Executive Chairman, to source new investments, monetize the existing portfolio of assets, and oversee the general affairs of the business. The Board of Directors is excited to welcome Avi, a major shareholder, to this position at the Company. The Company is committed to harvesting the value within its existing portfolio and to redeploying its capital into new investments. Since the formation of the new board of directors, the Company has reviewed an increased number of potential acquisitions.
OTCQX: PKTEF) announces that one of the single purpose entities held by OP Holdings JV LLC (the "Joint Venture") is under a purchase and sale contract. The Company is awaiting confirmation from the Joint Venture of the closing of the transaction. The property owned by the single purpose entity was bought by the Joint Venture in 2015 (consisting of an equity investment of US $7 million), and is under contract to be sold for approximately US $36.1 million. When including the income received from the property over the period of the investment, the sale should represent an estimated levered IRR of approximately 42% to the Joint Venture.
The Company would like to thank its shareholders for their participation in the Meeting. The Company would also like to welcome Brad Miller to the board of directors. Mr. Miller is President and owner of the AdvanTec Global Innovations group of companies specializing in marine and industrial manufacturing with a focus on clean tech manufacturing. Under the direction of the newly constituted board of directors, consisting of Brad Miller, Elie Norowitz, Brad Dunkley, David Delaney and Avi Geller, the Company intends to aggressively pursue acquisitions in the parking related real estate space and increase its asset base.
OTCQX: PKTEF) announces that one of the single purpose entities held by OP Holdings JV LLC (the "Joint Venture") has sold Terra Park, its parking facility located in Jacksonville, Florida. Terra Park was bought by the Joint Venture in 2015 for US$6.4 million (consisting of an equity investment of US $2.4 million), and was sold for US $6.83 million plus an additional sum of US $750,000 paid in equal monthly installments over one year. When including the income received from the property over the period the investment was held, the sale represents an estimated levered IRR of approximately 24% to the Joint Venture.