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BL28

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BL28

Re: Cashking74 post# 18106

Tuesday, 10/06/2015 10:42:36 AM

Tuesday, October 06, 2015 10:42:36 AM

Post# of 81652
UNTRUE! INCORRECT! MISLEADING!

They will own the right to purchase an additional stake. If the initial transaction is completed, they will own just over 5% of it.

The profit stake isn't going to come for years based on the purchase price and the sizeable loan the developer took to renovate the property. Approximately $20 million.

Question - how will Redhawk pay for the 5.59%? They have NO CASH!

The next question is - how would Redhawk pay for the 18.28%? THEY STILL HAVE NO CASH!!!

Please don't say Klug will give it to them - Klug isn't giving anything to Redhawk for free. Don't be naïve. That's not the way things work.

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