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Re: None

Wednesday, 08/16/2006 3:43:52 PM

Wednesday, August 16, 2006 3:43:52 PM

Post# of 311068
Okay, I am going to leave you with this, someone with an accounting degree tell everyone here how you would post this statement to the balance sheet:

Tracey Banumas, Director of Operations for CCMI stated that the cost of acquiring the land on Al Reem Island is $29M, cost of construction of the luxury hotel is estimated at $645M, both the land and financing for this project have been secured as of yesterday.

Now remember you have an asset for every liability! That is why they call it a balance sheet.

Also CCMI is Salja as they said this is why the 300 million restricted shares were issued to CCMI!

But what the hell do I know!