Tuesday, February 09, 2016 7:46:29 PM
The Company has significantly reduced its activities with respect to the Punta Perfecta lots, pending an improved
housing sales client in that part of Mexico.
The Company is considering subdividing some of the Punta Perfecta lots further, which will require funds to
complete this process. Currently, the Company has subcontracted for the construction of the model home unit,
which has been in progress for about nine months and is expected to be completed by early 2013.
Once the model unit is complete, the contract calls for the Company to pay the contractor in full for their cost
plus 15%, currently estimated to be approximately $520,000 to $575,000 in total.
The Company also expects that at some time it will need to raise funds to begin its marketing of the ownership
shares of the homes.
Currently, the Company is seeking to raise $1,000,000 through the sale of common stock, of which it has raised
$446,850 as of September 30, 2011
http://www.otcmarkets.com/financialReportViewer?symbol=STBV&id=64147
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