Golden Valley Development Inc (GVDI)

[DenverBruin]

GVDI DD Compilation - All You Need to Know...

Some important updates as of September 20 that were not in the previous compilation are below. The share count has been updated as well as a few details regarding holdings.


What's with the sudden surge in PPS and Interest with GVDI?

Website UPDATED 9/9/10 : http://www.Goldenvalleydevelopment.com

New website was posted on Wednesday 9/9 and states the following...

Welcome to the new site for Golden Valley Development. We are very excited to start this new chapter of our company. We have undergone numerous changes in the last 2 years and are pleased to announce we are in the process of merging with a Real Estate Development company. The new company will continue to operate as Golden Valley Development. With over 20 million dollars invested into development projects, the new Golden Valley Development is a front runner in the Real Estate Development sector. More information will follow in the coming weeks.


What is GVDI's Share Structure?

Confirmed by the TA, Signature Stock Transfer:

The total shares outstanding for this company as of 08-16-2010 is 72,400,000 shares outstanding with 34,345,669 shares free trading and 38,054,331 shares restricted with 75,000,000 shares authorized.


So who is reverse merging into the shell?

The CEO of GVDI is married to Annette Davis, the owner of Adavco Inc, a California Real Estate Development Corporation since 1982. Mrs. Davis is also the Majority shareholder of record - she owns the 38,054,331 restricted shares. It is assumed that Adavco Inc. will be RMing into the GVDI shell, but not yet confirmed by a Press Release. Realize that it may not be Adavco Inc., it may be a larger Development Company.


Adavco Inc. Information...

Click the link http://people.bakersfield.com/file/document/151256/2/0/.

Enlarge it a bit, it is from 2007 and this is barren land as far as I can tell... it is a Development Map/Planned Homesites in Bakersfield.

These are the tracts owned by Adavco Inc.

Tract 6766, 320 Lots, 81 Acres
Tract 6858, 86 Lots, 20 Acres
Tract 6860, 268 Lots, 70 Acres
Tract 6861, 78 Lots, 19 Acres
Tract 7109, 6 Lots, 3 Acres

758 Lots, 193 Acres


But wait, it gets better...


Click this link...

http://www.bakersfieldcity.us/cityservices/devsrv/development_maps/pdfs_maps/active_tent_tract.pdf

You'll need to enlarge it - this is from June 2010. Adavco has many more lots than I originally posted.

There are some duplicates from the above, so the total below is the actual number of lots owned by Adavco as of June 2010

Tract T6361, 209 Lots, 76 Acres
Tract T6364R, 302 Lots, 98 Acres
Tract T6397, 122 Lots, 27 Acres
Tract T6419, 229 Lots, 78 Acres
Tract T6442, 79 Lots, 20 Acres
Tract T6454, 68 Lots, 18 Acres
Tract T6712, 182 Lots, 48 Acres
Tract T6766, 320 Lots, 81 Acres
Tract T6858, 86 Lots, 20 Acres
Tract T6859, 340 Lots, 78 Acres
Tract T6860, 268 Lots, 70 Acres
Tract T6861, 78 Lots, 18 Acres
Tract T7109, 6 Lots, 3 Acres
Tract T7216, 9 lots, 2 acres

Total # of lots 2,298
Total Acres owned 640

Again, this is dated JUNE 2010.


Huge Acreage in N. Bakersfield - Adavco is "Operating Partner"

http://www.americanlandfund.com/view_case_study.php?property=13


The property is a 2,385 acre ranch located just beyond the city boundary of Bakersfield, California. Approximately 90 minutes north of Los Angeles, Bakersfield is rapidly growing due to its lower cost of living and higher quality of life. The parcel has magnificent views towering 600 to 2,000 feet above greater Bakersfield. This elevation provides climatic relief during the hot Bakersfield summers. ALF believes that the property is positioned to be the premier location for higher priced homes within this fast growing market.

The strategic plan for this parcel is to obtain entitlements for paper lots. These will be sold to developers who will install the requisite infrastructure and develop / sell to builders. Management is analyzing several alternatives for the best use of the property, which includes clustering pads of high density in relatively flat portions of the property and placing larger estate lots near the top of the property's ridge and in other selected areas.


Conservative estimate on land value... conservative!

2,298 lots owned by Adavco for Development, roughly 1/4 acre each x $10,000.00 per lot = $22,980,000

Now divide that number by 75,000,000 AS and proceed to smile...

NOW, look at the 2,385 acre ranch in the link above and smile some more...

Please refer to the link http://www.bakersfieldcity.us/cityservices/devsrv/development_maps/pdfs_maps/active_tent_tract.pdf to see where the tracts are located and draw your own conclusions to the value of the land...

Please remember that these 2,298 lots owned by Adavco are from ONE SOURCE, the City of Bakersfield. The company may have additional holdings in that area as well, including Real Estate that has already been developed, both residential and commercial. The 2,385 acre ranch is in ADDITION to the lots described.


How tight is the float here?

Refer to our most recent update as of Sunday, September 19, 2010. There are an additional 500k shares that are not included in this count and they will be added to the newest count in a few days.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=54578462

Total Shares Owned = 29,126,100

37 holders own 85% of the float
37 holders own 40.2% of the AS


FINAL THOUGHTS

Please review this post carefully, the share structure, the website developments, the land owned by the wife of the CEO and her company Adavco Inc. Remember that Adavco may not be the company RMing into this shell, but there is a very strong possibility, it just makes sense.