IAHL Corporation (IAHL)

[eelfland]

Regarding the golf course deal, I don't really have any solid information about it, but my guess is that the offer we made is contingent on financing being arranged, and that financing has yet to be arranged. We'll probably have to sell some other property to get the money. I don't as yet know any details of the offer and acceptance, and am not really all that worried about it, frankly. It will happen or it won't. I can talk to some of the members of the club, but I doubt they know any more than I do. I'd prefer not to tip my hand. If IBAC doesn't get it, I'm looking into forming a limited partnership arrangement to get it done locally. I know some people around here who might want to get involved, and who have developed other properties successfully. I'll give it a couple of months before giving up on IBAC's deal. However, in the spring and summer the golf course will be bringing in a lot more revenue than they do in the winter, and the owners won't be as motivated to sell as they are now until next fall or winter. Overall, it's going to be a long, boring wait to see what happens with that deal, and with IBEC overall, IMO.