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Re: Adamph85 post# 24007

Monday, 08/19/2024 10:35:33 AM

Monday, August 19, 2024 10:35:33 AM

Post# of 24026
Looks like 200K gross profits on 600k in sales, I'm assuming this is from 2 or 3 houses sold. Most money was eaten up by expenses and paying back loans.
Hopefully, they used the first few house sales to clean up the books a bit.
It is nice to see this company finally generating revenues, if nothing else they're breaking even.
It will likely take the next few quarters to see the margins improve.
I think they only sold a couple houses in q2, while the majority of what we've seen on twitter will fall into q3 filings.
I always figured their profit would come from the last 10 or so houses they build, while the first lot of them will be to pay back the financing they put up.

Maybe it's wishful thinking... if the OTC was not so dead, this filing would have made people take notice.