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Monday, 05/16/2016 11:07:00 AM

Monday, May 16, 2016 11:07:00 AM

Post# of 7195
NVCFund Trust and NVCFund Holding Trust are is a Dallas based trust consisting of probable mineral reserves mainly comprised of Gold, Silver, Platinum, and Rhodium in-ground hard rock assets. Amounts are less than 20% are recorded on a cost accounting basis. Value will no longer be carried over on goodwill but impairments will be charged against goodwill on an annual basis (not quarterly). Cost of the units acquired equal 1% of the total asset, in a share swap agreement date August 17th, 2010, priced at $1300 per unit x 1 million units = $1.3 Billion over a 20 year period. The net asset value of the units in holding as of Decenber 2012 was approximately $1.15 Billion USD. The trustee maintains it holds sufficient assets to honor a security price of $1300 per unit. The property was valued by a USPAP certified federal appraiser who no longer practice. Appraiser voluntarily relinquished license four years later for a shakeup in the mortgage industry due to changing state requirements and real estate mortgage requirements at the federal level.

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