Here are a few examples for you all.
Rosswood Colony is a subdivision bordering the course to the north. Average sale price seems to be at, or just under, $200,000. Although, 603 Rosswood just sold for $348,000.
The house right at the entrance to the course, 7800 Rosswood, sold for $510,000 and is 4934 sf. It has 10 acres of land.
7913 Rosswood has 40 acres and at the time of sale in '02,
had crap buildings on it, but the purchaser built a 4,966 sf house on it in '04!
7600 Rosswood was just built in '02. 5,718 sf! PLUS, what I guess is a guest cottage of 972 sf.
One other thing that I believe the course has, is a cell tower that has a land lease. More revenue to calculate into the equation. It has the same address as the course, but is not assessed on the land. Hence, my assumption.
And lastly, the course was originally purchased from International Paper in 1985 for $700,000. Assuming that the course is at least in average condition, you all can figure what the appreciation might be for this area over a 20 year period. Keep in mind that IP may not have gotten the best price for the course. They may have just wanted to get rid of it.
We are requesting the Transfer Agent to confirm:
The Issued shares remain at 300,471,362.
The initial stock issued on take over remains restricted.
That there has been 1 only person authorized to issue stock.
This letter will be published.
AI
