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Re: martingale post# 2545

Tuesday, 11/06/2007 6:14:09 PM

Tuesday, November 06, 2007 6:14:09 PM

Post# of 6597
they have a $5,000,000 loan that is up, and they are in the process of refinancing it.

The property has a book value of $13mil. They expect revenue to be in the 2mil dollar range and increasing for every subsequent year. They have applied for a NV state gaming license, and they plan to acquire roughly 10 clubs/locations in the next 5 years.