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Post# of 11474
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Walker

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Walker

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Re: Thirsty Tiger post# 8005

Monday, 08/04/2008 9:12:55 PM

Monday, August 04, 2008 9:12:55 PM

Post# of 11474
Not true -

The terminal has been capitalized at $3,179,572, calculated using the present value of monthly rent at $15,000 for the months April 2007 – July 2008 and the final purchase price of $3.55 million discounted at IFL’s incremental borrowing rate of 12.75%.

The actual value could be and probably is much higher then the purchase price of 3.55 mil.
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