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Re: Midwestrader post# 154556

Friday, 11/06/2015 1:42:46 PM

Friday, November 06, 2015 1:42:46 PM

Post# of 187251
I've hired licensed plumbers and licensed electricians for build outs. Lots of plumbing fixtures, electrical outlets, add up quickly. They may even have a nice kitchen with granite counters, stainless steel appliances, etc. They don't seem to sharp on accounting issues so they could have lumped the cost of a 10-year leasehold improvement in with the same figure as a fridge that's going to last half that long.

The amount WOULD be out of line for the construction of a building. We know that ORTC does not own the office space that they LEASE. The wonky financials say specifically that they have a 10 year LEASE. That's one small piece of the financials (and maybe the part where it shows that the Linduffs own ZERO shares of TDEY) that has some credibility.