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Re: db7 post# 3766

Wednesday, 05/03/2017 2:41:21 PM

Wednesday, May 03, 2017 2:41:21 PM

Post# of 4059
Read the def-14c. It's much more complicated than that. Sure AASP is shell, but have you ever seen a shell still report to Edgar, have running operations that are facilitated though affilliates? The park is still there. The website up, phone works and the 14c indicates it's though the work of affilliates. AASP has never owned the property. It looks to me like AASP holds the lease on the property for another 6 years, literally from another comany the Boreta's own.

To me what makes this look so enticing is the property across the street with the stadium is 62 acres valued at $100M but the city gave the Raiders a deal at $750m. AASP controls 42 acres AND has a $27m carry over tax loss. I like in the 14c where they talk about picking the best deal for shareholders. Although I think something like 90% is insider held. I've been holding this like 4 years so I'm more than willing to see this through.

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