AskMuncher
3 years ago
$VRTA Vestin Realty Mortgage I, Inc. Announces Proxy Voting Results of its 2021 Annual Meeting of Stockholders
Press Release | 10/20/2021
Vestin Realty Mortgage I, Inc. Announces Proxy Voting Results of its 2021 Annual Meeting of Stockholders
PR Newswire
LAS VEGAS, Oct. 20, 2021
LAS VEGAS, Oct. 20, 2021 /PRNewswire/ -- Vestin Realty Mortgage I, Inc. (OTC: VRTA) announced today the ballot of appointed proxies voting results from its 2021 Annual Meeting of Stockholders. Approximately 72.63 percent of shares were voted, or 630,671 shares of 868,318 total shares outstanding.
A total of 573,640 votes were cast in regard to item one, the election of Michael V. Shustek, who also serves as chief executive officer and president of VRTA, as a director, representing approximately 92.45 percent of all shares. Of those voting, 100 percent voted in favor of Shustek's appointment.
With regard to item two, an amendment to the company's charter's to effect a 1-for-100 reverse stock split of the common stock, $0.0001 par value per share, of the company, approximately 92.41 percent voted in favor of the amendment, while approximately 7.48 percent voted against it. Approximately 0.10 percent abstained.
A total of 619,854 votes were cast in regard to item three, an amendment to the company's bylaws to expand its investment policy to include investments in equity securities of publicly traded companies and unsecured debt investments in privately held companies. Approximately 92.55 percent voted in favor of the amendment, while approximately 7.34 percent voted against it and approximately 0.10 percent abstained.
About Vestin Realty Mortgage I, Inc.
Vestin Realty Mortgage I, Inc., formerly Vestin Fund I, LLC, invests in loans secured by real estate through deeds of trust or mortgages and as defined in our management agreement as mortgage assets. In addition, we invest in, acquire, manage, or sell real property and acquire entities involved in the ownership or management of real property, as well as securities. We commenced operations in June 2001. Vestin Realty Mortgage I, Inc. is traded on the OTC pink sheets under the symbol "VRTA" and headquartered in Las Vegas, Nevada. For additional information regarding Vestin Realty Mortgage I, please visit www.vestinrealtymortgage1.com.
This press release contains statements about the future expectations, beliefs, goals, plans or prospects of the management of Vestin Realty Mortgage II, Inc. These statements are based on current expectations, estimates, forecasts and projections and management assumptions about Vestin Realty Mortgage II, Inc. These statements constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words such as "expects," "believes," "estimates," "anticipates," "targets," "goals," "projects," "intends," "plans, "seeks," and variations of such words and similar expressions are intended to identify such forward-looking statements which are not statements of historical fact. These forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to assess. Vestin Realty Mortgage II, Inc. has no obligation to update such forward-looking statements. Actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements.
Contacts
Julie Leber
Damon Elder
Spotlight Marketing Communications
Spotlight Marketing Communications
949.427.1391
949.427.1377
julie@spotlightmarcom.com
damon@spotlightmarcom.com
Cision View original content:https://www.prnewswire.com/news-releases/vestin-realty-mortgage-i-inc-announces-proxy-voting-results-of-its-2021-annual-meeting-of-stockholders-301404823.html
SOURCE Vestin Realty Mortgage I, Inc.
Craig305
4 years ago
LAS VEGAS, Jan. 14, 2021 /PRNewswire/ -- Vestin Realty Mortgage I, Inc. (OTC: VRTA) and Vestin Realty Mortgage II, Inc. (OTC: VRTB) announced today that, in combination with Michael V. Shustek and MVP Realty Advisors LLC, they have reached a definitive agreement wherein the collective parties will sell 1,549,324 shares of common stock of The Parking REIT at a price of $11.75 per share to Color Up LLC, a subsidiary of Bombe Asset Management LLC, which is a private equity firm that invests in real estate, transportation, infrastructure assets, and services.
In addition, the Vestin entities will contribute 175,000 common shares of The Parking REIT to settle three pending class action lawsuits brought against The Parking REIT and MVP Realty Advisors will surrender its claim to 400,000 shares of common stock due to it by The Parking REIT.
The completion of the transaction is expected to occur in the second quarter of the year and is subject to several closing conditions. Upon closing, Shustek will resign as a director and officer of The Parking REIT.
Sobek
4 years ago
You're reaching, like really out on a limb... have you come up with some real hard vented proof as to why we'll see .20? That seems very accurate... like Rain Man perfect... please, show me the numbers, screenshots of the filings where you see it, maybe some secret DD you're holding back... please, if you're out to help us and make the world a better place you must show... or do your morals conflict with your scruples?
Tymerz, I follow you on twitter and I see you in a lot of my plays, and yes, I back you up on your list, I been right there on those too, and this one is no different.
We break $2.40, $3.50, then $5 and it's blue skies backed by company performance... I like around $15 for an out but it should see $20+
AABB AAPL ACB ACB AKER ALL ALPP AMRN ANY ARYC AVXL BBRW BLPH BRAV BUDT CAN CCL COOP COOP CYDY CZNI DCLT DECN DOW DUST ETEK FCEL FCX FMCC FNMA FONU GMGI IMO INKW INO JNUG KNOS LADR LKSD MITT NBDR NOW NRZ NSPX NWBO PCTL PNAT PRED PRTY PSTI PUMP PXYN RLBY RUN SECI SEE SKDI SMH SNDD SOLI SSL TGA TOPS TRON TTCM VRTA VRUS VSYM WEYL WHEN
Sobek
4 years ago
$VRTA S/S History shows one 1:4 r/s and that's the same day Vestin took over the shell
If you know charts, you know it was oversold and the bottom was just bought up
Avg pps for the last 5 years is right around $1.60 and I'm being generous on the low end.
There's only $2m in liabilities and over $28,000,000 in assets
There are ZERO preferred shares issued and only 1.083m shares OUTSTANDING, not floating, that's OUTSTANDING and if you compare to the last TA update... it's gone down roughly 10%
No convertible shares issued as well.
Now, I want someone to tell me, backed by intelligence and not shit like has been posted, why this will go down and where the shares will come from to take it to .20.... the lowest pps in the history of VRTA trading is .40... and that was the day before the FIRST K was released...
Since it's traded almost 500% higher and that was just yesterday... green flags did go off and the real investors who recognize gems like this jumped all over it