An hour into the open $FAGI hit $0.42, up 200% Friday after it re-announced it’s acquisition with Grupo Richard. The company did mention this news via OTC Disclosure and News service on Wednesday November 28th, at that point it was trading a little over $0.02. It wasn’t until today Friday utilizing GlobalNewsWire did the masses take to Full Alliance Group’s press now already up almost 2,000% from Wednesday.
According to OTCMarkets’ company profile on FAGI, it lists them with a market cap of $2 million+, which definitely seems like a bargain when reading the full news announcement (listed below), when the company states the acquisition of Grupo Richard adds an additional $40 million in equity assets. We viewed their website as the PR mentioned more details were to be on the www.fullalliance.com website and also reached out to the company in search of just what it takes to ultimately add $40 million in assets to the company. The website gave little to no info, so I proceeded to ask IR what the new share structure looked like and was it in fact a stock deal? I’m a math guy who likes to divide Outstanding share count into this new $40 million, to get a ballpark number as to what they “could” or “should” potentially trade it.
Hans, replied while I was writing the article, with “It was a combination of cash and shares”. I guess investors will have to be patient to see just what the share structure now looks like.
I did also find press from $FAGI fka $BHGI (Beverly Hill Group Inc) from August of 2016, in which they gave an advance to Grupo Richard for $1.4 million, at that time they had equity of $45 million. Here is today’s press:
Full Alliance Group, Inc. (OTC: FAGI), Announces Acquisition of Grupo Richard
Nov 30, 2017
OTC Disclosure & News Service
LOS ANGELES, Nov. 30, 2017 (GLOBE NEWSWIRE) — Full Alliance Group, Inc. (OTC:FAGI), a holding company, is pleased to announce that after re-engaging Grupo Richard over the past several weeks, the acquisition of all subsidiaries, technology and real estate holdings associated with Grupo Richard was approved, at which point the assets were transferred into escrow.
The assets which are now part of Full Alliance Group Inc., include an extensive real estate portfolio professionally appraised with a net equity of over $40 million dollars USD, and the companies listed below:
Operadora de Servicios GRMS de RI de CV
Grupo Internacional Richard S de RI de CV
Grupo Richard y Lange SAPI de CV SA de CV, and
Asesores en Comercio ON de Mexico
Grupo Richard’s assets are diverse, with most prominent of which are oceanfront and both urban and suburban real estate holdings. In addition, holdings include retail, construction and POS banking system.
FAGI executives are quite excited with the development potential of these assets, and already had discussions with investors from Asia and Central America prepared to assist with the growth of these new subsidiaries.
Details about this acquisition and more can be found on the Full Alliance web site. www.fullalliance.com
Sincerely,
Jacob Thomas
Chairman of the Board / CEO
ABOUT FULL ALLIANCE GROUP
Full Alliance Group Inc. is a multi-faceted company with current diverse investments in the United States, focusing primarily on organic agriculture, acquisitions, and CBD-based nutraceuticals. Once these strategic acquisitions are procured and integrated into the long term objectives of the company, Full Alliance Group will provide investment capital, modern business practices and best-in-class management to cultivate and mature these companies to their greatest potential.
FORWARD-LOOKING STATEMENTS
This shareholder update may contain a number of forward-looking statements. Words and variations of words such as: “expect”, “goals”, “could”, “plans”, “believe”, “continue”, “may”, “will” and similar expressions are intended to identify our forward-looking statements, including but not limited to: our expectation for growth, benefits from brand-building, cost savings and margins.
These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from those indicated in our forward-looking statements. Such factors include, but are not limited to: continued volatility of, and sharp increase in: costs/pricing actions, increased competition, risks from operating internationally, consumer weakness, weakness in economic conditions and tax law changes.
Contact:
Jacob Thomas
951-294-4420
Attorney Randal Brumbaugh
626-429-9634
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