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Re: MONEYMADE post# 2268

Sunday, 04/27/2008 10:41:07 PM

Sunday, April 27, 2008 10:41:07 PM

Post# of 4003
Seems to be a pattern of "opm" and possible abuse thereof, within ECGR's holdings. For example

ENCLAVES OF SPRING MAGNOLIA FORT WORTH

http://ccanthem.co.tarrant.tx.us/results.aspx?act=hst&id=2

It appears that in march 2007 the property was signed over to a lender as part of the agreement of indebtedness.

http://ccanthem.co.tarrant.tx.us/image.aspx?doc=D207073580&ms=0&n=D207073580

So the question becomes, what happened to cornell's interest in the property, was it satisfied in cash or shares?

Company needs to update the community as to the 5.5 million that was owed to Cornell, in the prior agreement.

Until such time as they do one can only assume some kind of deal was reached for cash or shares, hopefully it was cash!

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