Meso Numismatics Inc (MSSV)

[Toxic Avenger]

As of the first quarter of 2015, the Board of Directors decided that the best course of action would be for the Company to divest all of its real estate holdings. Specifically, the Company unwound its acquisition of properties purchased from Global Asset Management Holdings’ in Bahia Encantada. The Company had incurred losses during the past year.
Rental revenues $ 25,942
General & administrative expenses (217,042)
Interest (688,876)
Write off of investment (330,901)
Net loss discontinued operations $ (1,210,877)
During the nine-month period ended September 30, 2015 and the year ended December 31, 2014, losses from the Company’s real estate holdings in the condensed consolidated financial statements were approximately $505,300 and $706,600, respectively.

They unwound $2.7 million worth of ownership interest and received $0 for those properties? Hmmmm.