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Parkit Enterprise Inc. (PKT.V)
TSXV - TSXV Real Time Price. Currency in CAD
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At close: 02:29PM EDT
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anyone know why the volume is so high?
New acquisition today:
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."
wow, another big financing, higher price on skinny volume and today an asset purchase from a related party (with exemption from MI 61-101)... nicely done my friends, nicely done.
anyone know whats going on?
Anyone know why is this rising ?
Parkit acquires new Class A warehouse in Ottawa for $13M.
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.
Brake out this afternoon. Anyone with any thoughts?? Wondering if someone knows something everyone else doesn’t :)
Interested in taking a position. My only concern is that the only properties they seem to be purchasing are owned by directors/insiders. Does anyone see any conflict there?
Any reason for this steep slump?
Market makers slowly walking this thing down. Wonder if we will see another round of financing?
hopefully this will move even at snails pace ? What a strain for investors ?????
Some volume today National Bank crossing about 400k shares before lunch
Why this is rising now !??
Board announces 5% share buyback
pump and dump
Earnings out today. Not much new info. Steady as she goes.
Any thoughts in recent developments? New management?
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