The $.40 Per Share Offer Is A 36.5% Premium To The Closing Price on Friday May 10, 2019. A Formal Offer Will Be Made Within 30 Days. FAVO Has Confirmed That It Has Sufficient Resources To Satisfy Full Acceptance Of The Offer To OrbVest Shareholders.
On Monday May 13, 2019, FAVO Realty Inc Sent a Letter Of Intent to Make a Formal Offer to Acquire up to 100% of OrbVest Limited (Listed on the MERG Exchange in the Republic of Seychelles) for $11.6Mil USD or $.40 Per Share
May 16, 2019
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