Metrospaces Inc (OTCMKTS:MSPC) has been showing bullish signals over the last 30 days as the company has seen growth ratchet up its share price over 100%. MSPC recently made a move to cancel 1.6 billion shares between its CEO and CFO respectively. In that same meeting, MSPC pushed Oscar Brito into the role of President and interim CFO.
The role for Brito is about engaging more partners into its cannabis-real estate venture. Brito said, “I will continue to head our pure real estate projects in Mendoza, Argentina as well as other real estate projects we are strongly pursuing in the US.” The company added, “Mr. Brito’s background in M&A and investment in operating companies is recognized and it is our opinion that bringing his focus to this area of the company will benefit shareholders in the mid and long-term. Mr. Brito will continue to be the CFO, until a proper candidate that can better focus on this activity can replace him. As part of this new focus, the company has incorporated Cann Partners, Inc. (a Colorado corporation), as a wholly-owned subsidiary. This company will seek to make acquisitions and investments in legal medical cannabis-related companies and ventures, in particular on the real estate part of the industry. We are to clearly state, that as of yet, the Company has not realized any acquisitions or investments in the cannabis industry.”
Metrospaces Inc (OTCMKTS:MSPC) is a publicly traded real estate investment and Development Company which invests in real estate projects and operating companies with a strong real estate component. It is operated by an elite group of real estate and investment professionals and entrepreneurs located in New York City, Miami and Buenos Aires. Company shareholders have extensive careers in real estate and business financing worldwide, and have funded projects both in the America’s and across Europe valued in excess of US $550Million.
According to the company, Six years ago MSPC shareholders saw a unique opportunity to participate in several exciting property markets around the world. Through their worldwide network of highly recognized real estate entrepreneurs, the company was able to capitalize on unique real estate development opportunities. Since inception, the company has leveraged those relationships along with extensive financial expertise and transformed excellence by results.
Metrospaces’ majority shareholders have partnered with Investors on Elite properties including The London BLVGARI 5 Star Hotel, and are currently involved in negotiations for the development of several Elite luxury properties in South America.
Among Metrospace partners are Architects, Real Estate Developers, Agents and Attorneys of the highest standing, with extensive experience in the global property market.
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Furthermore, MSPC has another key business venture.
Last year, MSPC acquired Etelix, a data host-operator, and the company’s revenues have been steadily improving. Post-acquisition, revenue grew 95% from approximately $4M in 2016 to over $7.8M in 2017. Mr. Brito, MSPC CFO, stated: “After an incredible year in 2017, Etelix started very strong with January 2018 revenue of $642,548. This compares with $585,874 in January 2017, representing a 10% growth. We are projecting to reach a level of $1,000,000 in monthly revenue by the second half of this year, allowing us to reach a base-case projected $10.2M-12M in revenue for 2018. This would represent a 30-40% YOY revenue growth. The opening of our Spain office has made our sales effort in Asia very productive by bringing in new clients and enhancing our existing relationship with major Asian carriers such as Reliance Communications and Axistel. We are currently in the process of sourcing new debt financing, as our business growth is very capital intensive.”
Metrospaces Inc (OTCMKTS:MSPC) is seeing 10-day volume at 783.74M. MSPC has a market cap of 5.07M and 3.78B shares out. The last number is an adjuster number and MSPC is looking to continue its run up the charts here and readers should be watching this company as their heater continues. The Sign-up for continuing coverage on shares of $MSPC stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $MSPC, either long or short, and we have not been compensated for this article.