VLTC: Psst! Here’s the scoop on Carl Ichan’s Secret Star
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Posted On: 04/11/2018 7:06:45 AM
Psst! Here’s the scoop on Carl Ichan’s Secret Startup
Billionaire Investor Carl Ichan is Quietly Converting an Unknown Penny Stock Company into a Successful Commercial Real-Estate Company
Carl Icahn is the type of investor that commands a great deal of respect from the broader financial world. He’s often recognized as one of the world’s greatest investors and currently manages an investment portfolio valued at more than 23 billion dollars.
Icahn's strategies are so widely followed, in fact, that the term "Icahn Lift" was coined to describe the phenomenon of a company's stock price rising after Icahn announces he is beginning an investment. Thus, investors around the world often watch Ichan Enterprises LP (IEP) 13F SEC filings which are a snapshot of the manager’s holdings.
However, not all of Ichan’s investments are reflected on the 13F filing, and unless you’ve stumbled upon this article, you might never have learned about Ichan’s somewhat secret investment in a relatively unknown OTCBB penny stock. SEC filing regulations do not require OTCBB stocks investments be reported on 13F filings and therefore, Ichan has been able to keep his investment quietly hidden from the attention of the general public.
Over the past few years Carl Ichan has acquired 52.7% of the outstanding shares of Voltari Corp (OTC: VLTC); a tiny penny stock company and has been quietly transforming it into a successful commercial real-estate company. In fact on December 18, 2017 he acquired an additional 1257 shares of Voltari’s Series J Non-Convertible Preferred stock at $27.63 a share. Ichan now owns 31 million dollars and 98% of Voltari’s preferred stock which is an incredible investment for a billionaire to make in a penny stock company.
Since the transformation began, Koala Holdings LP, an affiliate of Carl Ichan has been financing Voltari’s acquisition of commercial real-estate properties. These assets include property in New Jersey and New York that are currently leased to 7-Eleven and JP Morgan Chase, respectively. An SEC filing dated April 4, 2018 indicates that Voltari’s biggest real estate acquisition is coming up and is expected to close no later than April 23, 2018.
To sum it up, radar Voltari now. Carl Ichan is aggressively investing in Voltari and will no doubt will make it very successful. Voltari’s current share price is at $1.25 and it has a market cap at just under 12 million dollars. As investors continue to learn about Ichan’s substantial interest and investment in Voltari, there is no doubt that Voltari’s share price could very well skyrocket. Afterall, it’s not every day that one of the world’s greatest investors and a self-made billionaire invests heavily in a penny stock. In fact, Ichan’s so tuned into this investment that Voltari’s headquarters have now officially been relocated to the same building as Ichan Enterprises LP’s New York office at 767 Fifth Avenue, New York, NY 10153.
Fact checked: https://fintel.io/doc/www.sec.gov/Archives/ed...121817.htm
https://fintel.io/doc/www.sec.gov/Archives/ed...ltc_8k.htm
Billionaire Investor Carl Ichan is Quietly Converting an Unknown Penny Stock Company into a Successful Commercial Real-Estate Company
Carl Icahn is the type of investor that commands a great deal of respect from the broader financial world. He’s often recognized as one of the world’s greatest investors and currently manages an investment portfolio valued at more than 23 billion dollars.
Icahn's strategies are so widely followed, in fact, that the term "Icahn Lift" was coined to describe the phenomenon of a company's stock price rising after Icahn announces he is beginning an investment. Thus, investors around the world often watch Ichan Enterprises LP (IEP) 13F SEC filings which are a snapshot of the manager’s holdings.
However, not all of Ichan’s investments are reflected on the 13F filing, and unless you’ve stumbled upon this article, you might never have learned about Ichan’s somewhat secret investment in a relatively unknown OTCBB penny stock. SEC filing regulations do not require OTCBB stocks investments be reported on 13F filings and therefore, Ichan has been able to keep his investment quietly hidden from the attention of the general public.
Over the past few years Carl Ichan has acquired 52.7% of the outstanding shares of Voltari Corp (OTC: VLTC); a tiny penny stock company and has been quietly transforming it into a successful commercial real-estate company. In fact on December 18, 2017 he acquired an additional 1257 shares of Voltari’s Series J Non-Convertible Preferred stock at $27.63 a share. Ichan now owns 31 million dollars and 98% of Voltari’s preferred stock which is an incredible investment for a billionaire to make in a penny stock company.
Since the transformation began, Koala Holdings LP, an affiliate of Carl Ichan has been financing Voltari’s acquisition of commercial real-estate properties. These assets include property in New Jersey and New York that are currently leased to 7-Eleven and JP Morgan Chase, respectively. An SEC filing dated April 4, 2018 indicates that Voltari’s biggest real estate acquisition is coming up and is expected to close no later than April 23, 2018.
To sum it up, radar Voltari now. Carl Ichan is aggressively investing in Voltari and will no doubt will make it very successful. Voltari’s current share price is at $1.25 and it has a market cap at just under 12 million dollars. As investors continue to learn about Ichan’s substantial interest and investment in Voltari, there is no doubt that Voltari’s share price could very well skyrocket. Afterall, it’s not every day that one of the world’s greatest investors and a self-made billionaire invests heavily in a penny stock. In fact, Ichan’s so tuned into this investment that Voltari’s headquarters have now officially been relocated to the same building as Ichan Enterprises LP’s New York office at 767 Fifth Avenue, New York, NY 10153.
Fact checked: https://fintel.io/doc/www.sec.gov/Archives/ed...121817.htm
https://fintel.io/doc/www.sec.gov/Archives/ed...ltc_8k.htm
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