ProGreen US Inc. (fka PGUS)

[tigerpac]

With all due respect, CBRE would not and should not talk about a client's appraisal, especially without the client's permission. A confidentiality agreement.

Your conversation is now drifting off of APPRAISED VALUE into MARKET VALUE which his something completely different. So which one is it?

Market value is what people are WILLING to pay for it.

Appraised value is what the bank (or in this case CBRE) thinks it's worth.

The appraisal is based on considering all things especially LOCATION and CBRE has CONFIRMED IN FACT that the appraised value of Our LAND at Cielo Mar is 42 million PERIOD. AS IS with not a stitch of building anything.

This is the price that CBRE believes to be the MARKET VALUE if it were to be sold AS IS.

I would love to see CBRE try to sell that piece of property for $42 million in RAW form. Until the area around CieloMar becomes like Cabo or even Ensenada, it won't happen. There is a reason why Jan paid only $500K for it.