$FLSR - spoke w/CEO - New company = $17.5mil 2016
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Posted On: 03/23/2018 10:30:31 AM
Re: Pennypro78 #34898
$FLSR - spoke w/CEO - New company = $17.5mil 2016 audited revenues merging into old Dickson FLSR shell - no R/S for many months - Dinostar Bridgestone Cap
READ THIS NOW and BUY BUY BUY - $.0004s still available + a major short is about to explode the price - hop on this now!
NEWS
Flasr Reports Unaudited Financial Summary; Silo #1 Orlando Florida
Atlanta, March 23, 2018 (GLOBE NEWSWIRE) -- FLSR previously reported that the Company is progressing with work of bringing the Company current. The Company’s management has elected to summarize “one of the four” original portfolio’s Year End 2016 unaudited results for shareholders. In late 2015 the Company began disposing of legacy timeshares into four individual geographical Silo’s; #1 Orlando Florida, #2 Orlando Florida, #3 Las Vegas Nevada, #4 Branson/Ozarks.
The Orlando Silo #1 ONLY –
(Results YE 2016 unaudited)
Gross (Timeshare) disposal fees - $17.5m
Net Disposal Profit - $10.8m
Maintenance accrued (@) $3.84m (due 2017)
Granulation provisions 35000 units
Performance 26251 units
Gross rental income $6.3m (2016)
The 5000 legacy properties in Silo #1 are all 100% Class 2 and 3 star branded condo resorts/ hotels in the heart of Orlando, Florida. Bridgeport makes approx. $4m gross profit from Silo #1 above the accrued maintenance due payable in the following year. We experienced approximately 76% viability as the portfolio rental marketing performed and both daily and multiple night bookings at a tariff of $180-$320 per night.
Silo’s 1, 2 & 4 are similar in scale and functionality. Silo #3 is significantly larger.
“We want people to understand the scale of our business before we get a chance to do the audits and integration with FLASR’s balance sheets. This way investors can comprehend our value model and can see how we make money,” commented Paul Taylor Chairman & CEO.
Stay tuned for upcoming announcements as FLSR completes its restructuring and acquisition program.
About FLASR Acquisitions.
FLASR’s wholly owned subsidiary is an entirely new breed of Fractional Ownership Company. We utilize a proprietary "War-Ship" strategy that combines Fractional Ownership related investment and a fee-based business of immediate, irrevocable and permanent transfer of specific legacy timeshare. We manage a portfolio of specific Fractional Loan Asset Backed Securities, timeshare public company's equites, specific exchange traded options, off-exchange derivatives, swap contracts as well as other privately negotiated instruments. Our portfolio is one of the largest private collections of well-known branded timeshare assets.
Bridgeportgroup.net
Fannietime.com
READ THIS NOW and BUY BUY BUY - $.0004s still available + a major short is about to explode the price - hop on this now!
NEWS
Flasr Reports Unaudited Financial Summary; Silo #1 Orlando Florida
Atlanta, March 23, 2018 (GLOBE NEWSWIRE) -- FLSR previously reported that the Company is progressing with work of bringing the Company current. The Company’s management has elected to summarize “one of the four” original portfolio’s Year End 2016 unaudited results for shareholders. In late 2015 the Company began disposing of legacy timeshares into four individual geographical Silo’s; #1 Orlando Florida, #2 Orlando Florida, #3 Las Vegas Nevada, #4 Branson/Ozarks.
The Orlando Silo #1 ONLY –
(Results YE 2016 unaudited)
Gross (Timeshare) disposal fees - $17.5m
Net Disposal Profit - $10.8m
Maintenance accrued (@) $3.84m (due 2017)
Granulation provisions 35000 units
Performance 26251 units
Gross rental income $6.3m (2016)
The 5000 legacy properties in Silo #1 are all 100% Class 2 and 3 star branded condo resorts/ hotels in the heart of Orlando, Florida. Bridgeport makes approx. $4m gross profit from Silo #1 above the accrued maintenance due payable in the following year. We experienced approximately 76% viability as the portfolio rental marketing performed and both daily and multiple night bookings at a tariff of $180-$320 per night.
Silo’s 1, 2 & 4 are similar in scale and functionality. Silo #3 is significantly larger.
“We want people to understand the scale of our business before we get a chance to do the audits and integration with FLASR’s balance sheets. This way investors can comprehend our value model and can see how we make money,” commented Paul Taylor Chairman & CEO.
Stay tuned for upcoming announcements as FLSR completes its restructuring and acquisition program.
About FLASR Acquisitions.
FLASR’s wholly owned subsidiary is an entirely new breed of Fractional Ownership Company. We utilize a proprietary "War-Ship" strategy that combines Fractional Ownership related investment and a fee-based business of immediate, irrevocable and permanent transfer of specific legacy timeshare. We manage a portfolio of specific Fractional Loan Asset Backed Securities, timeshare public company's equites, specific exchange traded options, off-exchange derivatives, swap contracts as well as other privately negotiated instruments. Our portfolio is one of the largest private collections of well-known branded timeshare assets.
Bridgeportgroup.net
Fannietime.com
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