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Tuesday, January 16, 2007 8:33:44 AM
$ 6,494,800. Total equity $ 2,369,800. If you add to that the value of the homes to be built around the golf course estimate 40 homes at $150,000., total value of homes $ 6,000,000. estimated total equity 30% of 6m $ 1,800,000., gives us total value of $12,494,800. and a total equity of $ 4,169,800.
Providing that the golf course deal goes through, 12m in assets does not warrant having a pps of .0015.
Maybe Ed is trying to do the right thing and not end up like fgfc, Ed if you are reading this, ungag the t/a or just put out in a pr what the current o/s are, submit the filing through fax or Fed x them to the sec.
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