Parkit Enterprise Inc V.PKT

Alternate Symbol(s): PKTEF

Parkit Enterprise Inc. offers an industrial real estate platform focused on the acquisition, growth and management of strategically located industrial properties across key markets in Canada. In addition, it has parking assets across markets in the United States. Its segments include Industrial properties and Parking properties. The Industrial properties is engaged in the acquisition, management, and growth of industrial real estate in key markets in Canada. The Parking properties is engaged in the acquisition and management of income-producing parking facilities across the United States. Its industrial assets include 1551 Parisien Street, Ottawa, Ontario; 5610 Finch Ave East, Toronto, Ontario; 195 Henderson Dr, Regina, Saskatchewan, 961-975 Sherwin Rd, Winnipeg, and others. Its parking assets include Fly-Away Airport Parking, Z Airport Parking, Chapel Square Garage and Canopy Airport Parking Lot. Its portfolio also includes 1151 Parisien Street, 2 Ramm Ave, 1725 Inkster Blvd and more.

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Parkit Enterprise Inc

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Post by sparta05on Sep 06, 2013 2:30pm

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Post# 21723421

Financing

.025 cent financing (pre consolidation) for 1 million which = roughly 40% dilution for current holders @ 40 million shares sold. Not long ago they financed at .05 and couldnt even afford to pay 200k of debt..

So either Rick Baxter is gonna pull a rabbit out of a hat and by some miracle do something beneficial to shareholders with this 1 million or this stocks next financing will be at .10 - .15 aka another 50% haircut as per the current trend. (roughly .01-.015 pre consolidation)

Unfortunately Rick inherited a poorly run company but even so, this financing is a joke.

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