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TOPIC: REIC-REII Inc.

REIC-REII Inc. 13 years 11 months ago #897

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[My cost is < .03/share...]
Now I'm getting a .07/share dividend. I like to look at it this way ... they paid me .04/share to take possession of their free shares.

A little to much info on Eshel. I guess we will have to wait and see what becomes of the shell.
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REIC-REII Inc. 13 years 11 months ago #896

[]
Read down in the filing a little more- here are some excerpts:

THIS AGREEMENT (this "Agreement"), entered into as of the 29th day of April, 2005, is made by and between KAREN RICKETTS AND UNA RICKETTS FOR HERSELF AND AS EXECUTRIX OF THE ESTATE OF GARFIELD H. RICKETTS, SR. (each, a "Seller" and collectively, the"Sellers"), REII INCORPORATED, a Delaware corporation traded on the National Association of Securities Dealers, Inc.'s Over-the-Counter Bulletin Board System which has no ongoing business or operations (the "REII" or "Company") and LIVORNO INVESTMENTS LTD., a Luxemburg corporation (the "Buyer").

and:

(b) the Buyer:

Daniel Ollech
Derech Hahoresh 96
Jerusalem, Israel

and:

(a) file with the Securities and Exchange Commission a report on Form 14f1 disclosing the change in control of REII and, 10 days after such filing, date the resolutions appointing to the board of directors of REII Valquiria Cunha and Daniel Ollech, and forthwith date and accept the resignation of Una Ricketts as a director of REII;

(d) take such steps are required to change the name of REII to "ESHEL Enterprises Inc." or such similar name as may be acceptable to the board of directors of REII.

google Eshel in Israel and see what you get. Interesting...

Amazing, I just got a cash dividend for my shares that was more
than my initial cost of the shares. Guess my shares are truly free now!

We bagged another winner here!
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REIC-REII Inc. 13 years 11 months ago #894

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[The buyer paid with 400k in cash by wire]
transfer. They listed their attorney at avenue of the americas in Manhattan, not schlocky. The WTC was on the same avenue.

SICHENZIA ROSS FRIEDMAN FERENCE LLP
1065 Avenue of the Americas
New York, New York 10018
Attention: Gregory Sichenzia, Esq.

They have already made a killing on the market cap just by buying

.40 x 3million shares. Not bad for a day's work.

They may already have a company lined up.
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REIC-REII Inc. 13 years 11 months ago #893

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[REIC , any info on the buyer.]
I have held this stock for some time. I am curious if anyone knows anything about the buyer. Also, when will the dividends show up in our accounts.
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REIC-REII Inc. 13 years 11 months ago #892

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[REIC paying .07 dividend & sold shell]
They are paying a special 0.07 dividend per share.
Dividend info

Also, the shell was sold to a Luxemburg corp for $400,000.
SEC Filing

Now trading at .25 x .45

Nice deal ... I'm in at an average of .027/share.
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REIC-REII Inc. 15 years 4 months ago #516

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[REIC-REII Inc.]
Open for discussion.
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