Mag Mile Capital, Inc.

Micro-cap commercial-mortgage broker with explicit going-concern doubt despite a strong revenue rebound.

Strengths

• Revenue nearly doubled (+98%, 90th pct) and operating cash flow turned positive ($513k, OCF margin 13%)
• High headline ROE (43%, 87th pct) on a much-reduced net loss

Risks

• Substantial-doubt going-concern qualification, accumulated deficit $3.1M, working capital deficit, only $0.5M cash (7th pct)
• ROE is an artifact of thin equity; still net-loss-making (-3% margin) with heavy related-party commission dependence on the CEO

Notable findings

• Going concernThese conditions and the ability to successfully resolve these factors over the next twelve months raise substantial doubt about the Company’s ability to continue as a going concern
• Net lossNet loss (net margin -3.0%)
• Weak liquidityCurrent ratio 0.84 (<1)
• Chronic dilutionShare count +316%/yr over 2y (dilution, book value/share -114%)