Yes the assessment mentioned is somewhat correct: The Company currently has $3,943 of cash on hand, a stockholders’ deficit of $222,516 with an accumulated Deficit of $2,139,358 and current period revenues of $68,158 from property management operations. (from annual). The Company currently has $3,711 of cash on hand, a stockholders’ deficit of $119,543 with an accumulated Deficit of $2,147,579 and current period revenues of $55,914 from property management operations (from Q4).
During Q1 2022 CEO Josh issued several interesting and forward looking PRs. Several of us have been active on the forum since he took the reigns. Most of the previous Qs were spent on cleaning up the books, getting the annuals "audited" a rarity for OTCs, and staking RE lots all the time while searching for his niche on behalf of the company, in auto, metals, rentals, flips, and now NFTs.
It has been a very rough process for the stockholders while CEO Josh learns on the job at the expense of a pps 95% down and off it's initial opening. Several of us have been highly critical on one hand and supportive on another. Keep in mind he lives 350 miles from the build sites and relies totally on a local GC. (His age approx 52)
The story of $MSTO is laid out in all the previous threads on this forum in which one would be encouraged to review. More importantly many of us have done extensive DD on the players that are kept close to the vest. This is a long position on the roulette wheel.
IF, that is IF, CEO Josh is able to pull off the current build there may be some funding for the other RE start up projects. Yes, CEO Josh owns 30% of SBQ and there is also a story behind that found when one is doing their DD.
There are way too many caveats to this ticker one cannot not accurately summarize in one thread post. Please consider reviewing the forum threads. Happy trading.
