Wednesday, May 14, 2008 7:12:07 PM
Re:<"If there is anything else of inherent value driving this company other than the integrity of decisions made by the CEO & you are aware of it, please share it!">
Equity is the secondary driver. This company has a lot of equity per share. Equity may have dropped about $10/share in equity with the loss in the land but there's still probably about $25/share in solid equity. No doubt the majority of shareholders (other than Mr. Jarratt) would vote on selling those assets and distributing the cash. However as majority shareholder, Mr. Jarratt has the decision.
It's at least close to $25/share in equity. They haven't been filing since the CFO left after the 3Q report last year. That left CEO Christopher Jarratt as the sole employee of the company. He established a virtual corporate headquarters in Nevada and I'm guessing he now resides in Tennessee.
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