CarSmartt Inc. (OTCMKTS:CRSM) Stock Corrects From Highs On profit Taking: Now What?
CarSmartt Inc. (OTCMKTS:CRSM) fell 40% last week following Immobilfin S.P.A.’s acquisition. Immobilfin is a real estate company whose asset value is $47.6 million and generates revenue of around $1.5 million each year. Smartt CEO Roy Capasso stated that the company had entered an agreement to acquire a 100% stake in Immobilfin. Capasso explained that the company owns commercial property in Naples, Italy, close to Naples’ Harbour. Most importantly, the property,…