My City Builders, INC

Market Movers (8-K)

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My City Builders, Inc. completed a private placement, issuing 1.65 million common shares to accredited investors for $82,500.
Capital raise
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My City Builders, Inc. acquired 4 acres of land in Glencoe, Alabama for $350,000 via a secured promissory note, shedding its shell company status and planning multi-family development.
Capital raise
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My City Builders, Inc. has sold its wholly-owned real estate development subsidiary, RAC Real Estate Acquisition Corp., to an affiliate-owned entity for $2.37 million, transforming My City Builders into a shell company.
Worse than expected
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My City Builders, Inc. has replaced its independent accountant, TPS Thayer, LLC, with HTL International, LLC, following TPS's resignation.
Worse than expected
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My City Builders, Inc. has engaged TPS Thayer, LLC as their new independent accountant, effective February 26, 2024.
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My City Builders, Inc. filed an amendment to its original 8-K report to include a response letter from its former auditor, KCCW Accountancy Corp., regarding their resignation.

Quarterly Earnings (10-Q)

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My City Builders reports no revenue for the quarter as it pivots to multifamily housing development in Glencoe, Alabama.
Capital raise
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My City Builders, Inc. reports a strategic pivot to multifamily housing development in Glencoe, Alabama, while facing significant liquidity challenges and internal control weaknesses.
Worse than expected
Capital raise
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My City Builders, Inc. reported a net loss of $32,137 for the quarter ended October 31, 2025, as it transitions to multifamily housing development following the sale of its prior subsidiary.
Delay expected
Worse than expected
Capital raise
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My City Builders, Inc. reported a significant reduction in net loss and increased assets for the nine months ended April 30, 2025, despite ongoing going concern doubts and internal control weaknesses.
Capital raise
Better than expected
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My City Builders, Inc. reports increased rental revenue for the quarter ended January 31, 2025, but continues to experience net losses and going concern uncertainties.
Worse than expected
Capital raise
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My City Builders, Inc. reported a net loss for the quarter ended October 31, 2024, despite an increase in rental income, due to higher operating and interest expenses.
Worse than expected
Capital raise

Annual Reports (10-K)

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My City Builders, Inc. reported a substantial net loss for fiscal year 2025, driven by discontinued operations and the sale of its real estate subsidiary, RAC Real Estate Acquisition Corp., raising significant going concern doubts.
Capital raise
Worse than expected
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My City Builders, Inc. reports a net income of $25,752 for fiscal year 2024, a significant turnaround from the previous year's loss, while also settling legal disputes and expanding its real estate holdings.
Capital raise
Better than expected

Insider Trading (Form 4)

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My City Builders Director Frank Gillen reclassified over 5.2 million common shares and 33,000 preferred shares from direct to indirect ownership via RAC Merger LLC.
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My City Builders CEO Yolanda Goodell transferred her direct holdings of common and preferred stock into indirect ownership via RAC Merger LLC.
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My City Builders CFO Francis Pittilloni reported a change in beneficial ownership, moving direct holdings of common and preferred stock to indirect ownership via an LLC.
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A former CEO and 10% owner of My City Builders, Inc. reclassified 281,513 shares of common stock from direct to indirect ownership via an LLC.
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Director Frank Gillen acquired 1.43 million shares of My City Builders, Inc. at $0.40 per share, increasing his total holdings to over 5.2 million shares.
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CEO Yolanda Goodell reports acquiring 1,430,000 shares of My City Builders, Inc. at $0.40 per share and relinquishing claim to 3,200 shares due to lost certificates.

Schedule 13D - Activist Investments

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Yolanda Goodell, an officer and director of My City Builders, Inc., has significantly increased her beneficial ownership to 32.2% of the company's common stock through a debt-to-equity conversion and compensation arrangement.
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Francis Pittilloni, a director and CFO of My City Builders, Inc., has acquired a 32.2% beneficial ownership stake in the company, primarily through the conversion of $1.716 million in debt owed to a related entity.
Capital raise
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Frank Gillen has become a major shareholder in My City Builders, Inc., acquiring a 32.3% stake through a debt-for-equity swap.