The real estate market didn't take a downturn - so saying the economy took a downturn is a lame excuse and certainly not a reason for Sanchez doing absolutely nothing.
"July 7, 2022
Even though home prices in Houston are reaching record highs, investors are still snapping up properties almost as quickly as they are listed. According to the Houston Association of Realtors (HAR), sales volume of single-family homes is up over 4% year to date, with the lack of affordable housing creating more demand for rental property"
"Nationwide, commercial property buyers, sellers, and tenants are flocking to Houston commercial real estate to participate in the city’s fast-growing, resilient market."
Why hasn't Sanchez taken advantage of the Houston market. What happened to this:
"AVVH/Gold Quest Capital will also take advantage of select real estate redevelopment projects and is evaluating the possibility of creating its own integrated properties, including branded hotels and resorts"
"GoldQuest Capital, Inc., a Houston, Texas-based real estate lending company that specializes in first lien real estate mortgages in the residential, commercial, and industrial sectors. While its core operations will remain focused on first lien real estate mortgages"
From January 11, 2022:
"The company will also be filing a request for a name change and new ticker symbol with FINRA in the next few weeks."
So what happened to the name change - FINRA pretty much rubber stamps name changes - so it is very odd that it is still AVVH.
So far Sanchez is all big talk and no action. As they say in Texas - Sanchez is All Hat - No Cattle.
IG
The First Casualty of Emotion is Reason.
