Beacon Redevelopment Industrial Corporation (BCND)

[xanadu]

imo, hell no that doesn't cancel their contract with ALL of the BCND stockolders. The 6.35mm salvage contract is held by the BCND stockholders. RR&D has bought out Adam's controlling interest. Not my shares, not your shares. Under contract RR&D now owes us, the stockholders including themselves, the remainder of the 6.35mm, as 1mm has supposedly already been paid. The remaining 5.35mm alone supports a .0018 pps.

If they decide to buy the rest of us out they then need to up their ante to include fair value for the Grapeville land after cleared, including potential development value as well as estimated value of any natural gas there. Plus the value of the 259.5 acres of already gas producing WV property, the wells already there, and potential production from new wells. They also must pay a fair value for the leases we've purchased for the PA coal and the terminal area. They also must consider the anticipated amount from the Dominion settlement. All of which is owned by the shareholders of BCND.

IMO the overall, unrealized value, can not be less than $10,000,000 supporting a .0033 pps. This is well below the potential value if the gas in WV, almost an absolute, and then the gas and coal in PA pan out. all imo of course.

They are no doubt buying all they can as cheaply as they can. Makes sense. But, before the hand is closed, if the remaining shareholders do not get at least .0033 a share we will have been robbed.