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Wednesday, January 31, 2018 9:21:06 PM
Said assets consisted of:
$2,448,364 allocated to the building
$ 270,000 allocated to the land
$ 213,650 allocated to cash payment
Said liabilities consisted of:
$2,766,555 allocated to discounted note
$1,400,000 allocated to Mortgage note
That equates to an upside for the Company @ $1,224,141
With regards to the rent roll....the Company is giving up roughly $200,000 per year in annual revenues less property tax. Telestrata, LLC is returning 44,865,170 common shares to said Company in order to be returned and canceled.
In essence.....said company is purchasing those shares for $213,650(.005 per share). I'm not saying that is so....but..you get the point. You could also associate that cash payment towards the discounted note.....I don't care how you look at it..it just is what it is.
!!The nut here is the "discounted note"...the actual note had a discount of $1,805,785...add in the additions to such and the total becomes $4,571,940.
That equates to a total liability of $5,971,940 compared to assets of $2,942.014
That's a net of a rough $3,000,000 to the upside for said Company plus a cancellation of 44,865,170 shares....less the USD200 thousand in annual rent revenues. Then again...the lost rent should be somewhat offset by the T-mobile resell revenue(if they have at least 500 customers that is).
.....I don't give a "you know what" what said building and land may be worth....because that's horse crap. I do care about assessed values though:
http://www.miamidade.gov/propertysearch/#/
......and so it goes
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