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Re: marcg post# 87669

Wednesday, 07/02/2008 4:57:21 PM

Wednesday, July 02, 2008 4:57:21 PM

Post# of 137667
They bought it for $200-300K, or am I wrong? And the prices ought to've fallen since then. Besides, the price reflects the shareholders' confidence in the company (or lack of thereof), which makes the real estate price irrelevant for the simple reason that if you don't trust someone, you expect that someone to find a way to cheat you. I'm sure there's a way to move that real estate into Peter's or someone else's personal possession. For example (and don't bother disputing this, as I don't know if it's possible or not, just giving it some thought), it could be "given" to another company as an investment, after which RVGD can bring the PPS down even further by quite a few means available to it, to the point where there'll be noone to even care what happens to that real estate, after which Peter can do anything he wants with it. Or it could be "donated" for a tax writeoff. For that matter, aside from the Company's PR, how do we even know that building was bought by it, and not leased? I remember there was a lot of DD on that a while back, however, it's not worth searching for, given the current situation. Anyway, one can continue this on and on, and it really is a matter of confidence in the company, which is at all-time low right now, and that's reflected in the price.

So far, the only real money I've seen here was the money people paid for the shares.

The usuals, whatever I post is my opinion, yaddayaddayadda. I'm still learning this, so if you listen to me, well, good luck to you :)