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All Forum Posts by: Account Closed

Account Closed has started 0 posts and replied 2 times.

Post: RAD Diversified Review — It Wasn't Pretty

Account ClosedPosted
  • Posts 2
  • Votes 1

From SEC site - https://www.sec.gov/Archives/edgar/data/1721469/000110465924...

"On June 27, 2024, the board of directors (the “Board”) of RAD Diversified REIT, Inc. (the “Company”) met to consider its Share Redemption Program. Although the Board is beginning to see improved liquidity throughout the Company based on actions it has been and will continue taking, the Board perceives that the real estate market remains relatively stagnant. The Board therefore believes it prudent to proceed cautiously at this time. As a result, the Board decided, in accordance with the terms of its Share Redemption Program, to continue the temporary freeze of the Company’s redemption program. The Company will not process any pending requests that have not been redeemed as of February 1, 2024, nor will it accept any new redemption requests. Pending redemption requests will remain in queue until the Company recommences the redemption program.

The Board intends to reassess this decision to determine whether to recommence the redemption program no later than January 1, 2025."

Post: RAD Diversified SCAM ALERT!!!

Account ClosedPosted
  • Posts 2
  • Votes 1

From SEC site - https://www.sec.gov/Archives/edgar/data/1721469/000110465924...

"On June 27, 2024, the board of directors (the “Board”) of RAD Diversified REIT, Inc. (the “Company”) met to consider its Share Redemption Program. Although the Board is beginning to see improved liquidity throughout the Company based on actions it has been and will continue taking, the Board perceives that the real estate market remains relatively stagnant. The Board therefore believes it prudent to proceed cautiously at this time. As a result, the Board decided, in accordance with the terms of its Share Redemption Program, to continue the temporary freeze of the Company’s redemption program. The Company will not process any pending requests that have not been redeemed as of February 1, 2024, nor will it accept any new redemption requests. Pending redemption requests will remain in queue until the Company recommences the redemption program.

The Board intends to reassess this decision to determine whether to recommence the redemption program no later than January 1, 2025."