*3 R/S (Feb '07, Dec '07, July '08)
*They are advertising in San Diego in January and paying with preferred shares.
*He is arranging dealings with Preferred shares.
As someone said in an earlier post, "They have no cash". Looks like another walking, quacking, duck coming to a trading outlet near you.
I have $$ put aside as the company has potential and I love Lotto plays but with all the dilution, he needs a lot of cash to buy back enough to make this a legitamate long run. DD shows the millions, is it 50? Investors are the quick money answer he has found out and gone to the well again and again.
Read the PR copied and posted in someones earlier post, as it clearly states in the "forward looking" message is that they are banking on the real estate market to make it successful. How many months inventory in housing is out there now? How populated is Salt Lake City? Buy some land closer to Park City and get some Hollywood types to buy in for some capital. The ground is not even ready to be dug and he is 2 years behind in inventory.