Profitable Developments, Inc. (PRDL)

[JohnnyBlaze]

NewBroker1982 Friday, 05/16/14 02:42:39 PM
Re: stern10 post# 103828
Post # of 103874
Additionally, the Company has been in early day negotiations in the creation of an ‘online portal’ where investment can be made in legal MMJ properties as the market grows. Details will be released as negotiations continue. This is clearly a market which has the potential to be incredibly lucrative, but due diligence must be completed prior to action due to the high level of fraudsters also in this space. The Company identified land and property in Florida that have seen a drop of c.80% in their value since 2009 and the Management team believes that a mix of short and long term rental will provide income to support the company’s activities in this region. There is now starting to be the groundswell of a fast and veracious recovery in the housing market here, moreover, offering a considerably stronger balance sheet and revenue stream from rentals. The Company strategy is to reduce its long term debt liabilities to allow it to leverage outside finance in the future, enabling it to acquire more significant land pieces.