Saturday, September 16, 2023 6:29:56 PM
"July marked the 16th consecutive month of negative sales in the Houston market. Despite the 8.5% year-over-year decline in single-family home sales, this decline is the smallest since June 2022 when sales dropped by 7.6%."
Go back to the shareholder letter:
"The Strategy:
Gold Quest Capital Incorporated merged with AVVH in order to raise additional capital in the public sector. The objective is to raise enough capital so that we may trigger more lines of credit, provide hard money loans, provide SBA lending, perform our own real estate investment development projects, and establish our own private bank."
They are raising capital behind the scene.
You cannot deny that the economy has taken a downturn after AVVH was acquired. Look at the general stock market indexes. I am willing to bet they have had more difficulty in getting investor money than originally planned and that is the reason for the long silence.
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