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FLSR - FLASR Inc News Story

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Last Trade - 22/04/19

Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £7.31k
Position in Universe th / 6850

Flasr Reports Unaudited Financial Summary; Silo #1 Orlando Florida

Fri 23rd March, 2018 1:30pm
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 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.


Safe Harbour Statement
This communication contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of My Social Income, Inc. and members of its management as well as the assumptions on which such statements are based.
Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully, and the ability to complete before-mentioned transactions.
The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
For more information please contact:

844 884 9772 

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