Parkit Enterprise Inc. (PKT.V)

New acquisition today:

Good news:

Parkit to Acquire $18,000,000 Oakville, Ontario Property
Toronto, Ontario--(Newsfile Corp. - November 22, 2021) - PARKIT ENTERPRISE INC. (TSXV: PKT) ("Parkit") is pleased to announce that it has agreed to acquire an industrial property in Oakville, Ontario.
pursuant to which Parkit has agreed to acquire 1485 Speers Road, Oakville, Ontario (the "Property") for an aggregate purchase price of $18,000,000, the Acquisition will be completed on or before December 15, 2021. The Property is approximately 101,500 square feet on approximately 6.7 acres of land.
The purchase of the Property for $18,000,000, subject to standard adjustments, and is payable by the issuance of $1,000,000 of Parkit common shares based on the share price from the prior day to closing, with the remainder of the aggregate purchase price being paid with funds on hand.
Steven Scott, the Chair of Parkit, stated, "This high quality acquisition in an excellent location follows our plan of adding great assets in strategic locations throughout Canada."

see the VERY SKINNY volume since the large 25cent financing late last year with a lot of insider participation??? this is being walked up under the radar screen, yes maybe a pump, yes, maybe trying to use inflated currency to buy assets, I can't believe they got a $60M financing done at 95 cents either... but they did... not bad getting 7x value on cash on the #$%$ without either articulating the go-forward strategy or showing consistent execution of this real estate strategy pivot to warrant the premium.... the "market" must have a lot of confidence in this management teams' execution capability.