Parkit Enterprise Inc (PKT) News

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Great news today! Debt is approx $8.5 mill less. Bought 2 new chunks of land which most was from cash on hand.

Parkit Announces $25 Million Bought Deal Financing and $5 Million Concurrent Non-Brokered Private Placement
March 01 2021 - 12:12PM
PR Newswire (Canada)
/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./

TORONTO, March 1, 2021 /CNW/ - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company"), an industrial real estate growth vehicle and parking platform, is pleased to announce that it has entered into an agreement with Stifel GMP and Scotiabank as joint bookrunners and co-lead underwriters (the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a bought deal private placement basis, 16,670,000 common shares ("Common Shares") of the Company at a price of $1.50 per Common Share (the "Offering Price"), for aggregate gross proceeds of $25,005,000 (the "Offering").

The Underwriters have also been granted an option, exercisable in whole or in part any time up to 48 hours prior to the closing date of the Offering, to purchase for resale up to an additional 3,340,000 Common Shares at the Offering Price, for aggregate gross proceeds to the Company of $30,015,000 in the event the Underwriters exercise this option in full.

Concurrent with the Offering, the Company intends to issue and sell additional Common Shares for additional gross proceeds of approximately $5,000,000 on the same terms as the Offering to certain insiders and subscribers designated by the Company. This concurrent non-brokered private placement is expected to be settled via cash subscription, asset contribution, or a combination thereof.

The Company plans to use the net proceeds from the Offering primarily to fund future acquisitions of strategically located industrial properties across key markets in Canada, with a focus on the GTA+, Ottawa and Montreal. The Offering is scheduled to close on or about March 18, 2021 (the "Closing Date") and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.

Steven Scott, Chairman, commented: "We are pleased to see the level of institutional support for our industrial real estate growth strategy. Our acquisition plans are ambitious and our pipeline continues to grow. This additional equity financing will ensure the Company is well positioned to execute its strategy in 2021 and beyond."

The Common Shares will be subject to a hold period under applicable Canadian securities laws expiring on the date that is four months and one day following the Closing Date.

The Common Shares will be offered on a private placement basis in all provinces and territories of Canada. The Common Shares will also be offered in the United States on a private placement basis pursuant to available exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the "1933 Act"), and in such other jurisdictions outside of Canada and the United States, as mutually agreed by the Company and the Underwriters, in each case in accordance with all applicable laws.

PKTEF : EDIT

Took a position in this company

GSCPF changed to PKTEF:

http://www.otcbb.com/asp/dailylist_detail.asp?d=04/28/2014&mkt_ctg=NON-OTCBB

GSCPD changed to GSCPF: Parkit Enterprise Inc.

I agree.... a sad world we live in......just ignore him....they will oust him shortly....

Magnum, I was looking for a reply from you on that friend in California. What I got was another attack-putdown against me without any facts to support the slams.

I'd just ask everyone to report post 15 and 19 as TOS violations if you think so; they are tied together. The guy couldn't wait to start up against me over here; and just is mean-spirited. I imagine it's just jealousy.

Search

Search, post only the facts here. You are not the guru you think you are on GSCP.

Welcome aboard and TGIF......All the stars are lining up for a great 2007 that hopefully will include GSCP....I got into GSCP as a result of the spin off from AI.......
I spoke with a family friend recently who lives and works for himself in California....He is tech savy and his work is in the area of support and revamping tech businesses....
I asked him to look at GSCP and he ( who is very conservative) responded in a positive manner saying they got a nice NICHE in the CDP market......I will wait and see if he adds anything more.....

Since listing should be arund the corner....4 dollars a share should be coming....shortly...

I plan on trading both short term and long term....

Mag.......

Here's a recent article in trade publication Cadalyst and it shows some important things how Availl products work:

http://manufacturing.cadalyst.com/manufacturing/article/articleDetail.jsp?id=333759

Hi Magnum, I finally got onto here.

I tried to signup earlier but it was glitchy the other day.

Looks like the stock's up ... $3.10 today.

I imagine we are going to get news before long. We still need a couple of more directors, maybe 3 more, I believe. There's other news we could get too. What's the date, mid-October? That gives us less than 2 1/2 months to list. I think we can rule out the last part of December because they aren't likely to push it to the very last day of the year (they said over and over and over it would be in 2006). I'm just theorizing. I'm sure they could do it on Dec 31st if they want to. But that's pushing it to the limit, to me.

They're probably busy selecting the directors and getting the quarterly report ready and for sure busy with Availl meetings, no doubt. (Like that's the whole list, lol.)

Let's hope GSCP continues it's growth in revenue, profits and stock price. The $20 by the end of next year sounds good to me. As long as the BS stays out of the messages, we should be able to post real & factual info, not one person's mis-interpreted facts like on another board.

JNUZZO....I agree with your take on where GSCP will be in a year or so......If u look at OCNW u can see a similar pattern....3 bucks a share...big jump to 5...and then boom...to 17 ......on a float similar to ours....
Keeping my fingers and toes crossed...

Mag...

Welcome aboard....looking forward to Nasdaq listing and increase in share price....It should be a rocky road ahead with such a low float.....sometimes I think I would do better by checking in every six months versus every six hours...lol

I recently contacted a family member out of California who runs his own Tech company...I am not that savvy but asked him to look into GSCP.....He responded in a positive manner saying GSCP has a NICE niche with their Continuous Data Protection......
I did not press him any further...

Hopefully Search and those with positive input will come to this thread....

AGain Welcome aboard..... Mag

Mag....I'm here

I am not worried about negative postings over on the bull...there will be no short interest on GSCP until the float gets much larger....it's too easy to get squeezed right now.....

someone took a nice positon yesterday.....hopefully they will continue....if we had a million shares bought...this stock would rocket to 10......there are virtually no sellers of any size yet...I figure some insiders that own a lot of stock will start collecting after 5...this is to be expected....but I think the listing will equalize insider selling by giving us a lot of new investors both individual and institutional...let's keep our fingers crossed

Time to restart this thread....Go Globalscape

Looking to buy more at 1.75

4th Qtr Earnings are going to be very good. They should blow away the 2004 4th Quarter.

1.80 may be bottom.

Check out the EPS:

http://www.pinksheets.com/quote/quote.jsp?symbol=gscp

Up 31%

Up 25%

Up 21.87% so far!

Moving up nice today. Up 12.5% so far.

Due D: Fortune 100 co's using GSCP file transfer servers:

Here are some of the big name users. These are fairly new products, you know, and Globalscape has these big companies as customers already. Real clients, right now. It's a partial list for you to consider, so you know the type of company Globalscape is keeping.

One thing to note: Globalscape keeps adding clients without making big press releases about it. Be aware of that. Other companies would be sending news releases to the Express News and so forth. This is not a hype it up company. When you see the list below, you should get a better grasp of that. These are very large, Fortune 100-500 companies that are right now using Globalscape file transfer server software.

The partial list:

Dell
HP Invent
PriceWaterhouseCoopers
JPMorgan
Mitsubishi Electric
GAP
Adobe
IBM
Rolls-Royce
Bistol-Myers Squibb
Konica Minolta
ACNielsen
AIG
The Royal Bank of Scotland
First Federal Bank of California
Eye Care Centers of America
Cornell University
United States of America Embassy
Cap Gemini Ernst & Young
Johns Hopkins University
NavSea Warfare Center
Mellon United National Bank
Northrop Grumman
Rockwell Automation
Olympus
Federal Home Loan Bank of NY

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The above is some chit chat from another board..
One of the points worth noteing is the statement that this company does not gush and gloat on every milestone in it's success..

Just what in the heck have we found here, a real gem or what,,?

BTW, we closed up 10.34% at $1.60

I bought in at 1.49 yesterday. Undervalued company.