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Unfortunately this statement is painfully realistic, and it

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pete6   Saturday, 05/05/12 08:05:08 AM
Re: Desolation Row post# 52784
Post # of 68737 
Unfortunately this statement is painfully realistic, and it is not just the 2 years, or misguided “news just around the corner” remarks. During my tenure, there has been over 400 million sold, and only a building worth a hundred K, plus a prepaid card to show for it. Sure there are expenses to accompany such things as legal fee, architectural fees, travel expenses, etc., but to use up the proceeds from that large a sale shares is indigestible. As pointed out; Val is probably a frugal guy, but I will continue to suspect that he is not an effective manager of funds, projects etc. He should have hired people experienced in fields he knew nothing about long ago.

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