$MCVT here's a 1.17m float uplister that's literally printing money I've been accumulating around $3 before it's found:
Mill City Ventures III, Ltd. Reports 2022 Second Quarter Financial Results Tuesday, August 16, 2022 8:15 AM
Earnings MINNEAPOLIS, MN / ACCESSWIRE / August 16, 2022 / Mill City Ventures III, Ltd. (NASDAQ:MCVT) (Mill City or the "Company") a non-bank lender and specialty finance company, today announced financial results for the three-month and six-month periods ended June 30, 2022.
2Q 2022 Highlights
Investment income from lending operations increased 83% to $1,236,505 in the three-month period ended June 30, 2022, from $675,549 in the prior year period. For the six-month period, investment income was $2,236,711 compared to $1,222,391 in the prior year period, an 83% increase. Pre-tax earnings from lending operations increased in the second quarter to $734,250 from $425,393 in the prior year period, a 73% increase. In the six-month period, pre-tax earnings reached $1,188,638 million compared to $438,377 in the prior year period, a 171% increase. Shareholder equity increased to $14,426,607 million from $13,414,049 million at December 31, 2021 At June 30, 2022, the Company had $629,572 in cash, compared with $1,936,148 at December 31, 2021. Commenting on the quarter, Chief Executive Officer Douglas M. Polinsky said, "The second quarter of 2022 was our 10th record quarter for income and earnings from our lending operations as we continue to experience strong demand for our loan products. We're investing in our business as we seek to meet the demand so while our expenses were higher in the quarter, we're able to maintain solid margins. Our loan portfolio generates income with an average rate on the loans in excess of 20%, a testament to the level of demand and our ability to structure the loans with favorable terms while investing in the growth of our business. We continue to show a zero-loss ratio on our loan portfolio."
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