Interesting posts this day out in the world.
At the hsm pump site,
Hello to all:
First, I must unequivocally state that:
1) I am not a basher, paid or otherwise, and
2) I am an investor, just like you
I recently returned from the Metro Albany area:
Nieves Management: apparently this company does the custodial work for the VRMD properties
If this is the same company/then "Ralphy" Neives does auto detailing, too. more importantly, I am told he does NOT have two sticks to rub together,
So, I ask the question, again, how is, and with what assets, is Neives using to secure the $8MM Promissory Note given to and accepted by Duffy/Rhoden/VRMD?
Diveman
He later followed up with another
Colt:
I am simply providing information, as we all sit and wait for a PR with some real meat on it. The VRMD website states that 4 properties were pending and 2 were in closing. What date was that written? When was that updated. Have those deals been closed? I am told the properties involved are in some of the less than nicest areas in Albany.
From what I see, and now from what I was recently told, I get the distinct impression that perhps Duffy is a bit of a BS artist, maybe trying to pull the wool over sharehlders' eyes, while he spends considerable time in Florida.
I also wonder if this is again, perhaps why, there will be a mangement structual change, once the deals go through? ( like Rhoden stays araound, he is well known in the real estate business) and maybe Duffy shifts his "energies and expertise" to Florida?
Again, just my "insight" and humble, inexperienced opinion. But, I smell a rat. If you make money in real estate, and the market conditions remain largely unchanged, why are you into trucking cars back and forth form the auto auctions, (DJ Transport), then you work (achem "build shareholder value" in the morgage business), and then into restaurants and hotel franchises, something, btw, that neither Duffy nor Rhoden appear to have any background or expertise in.
All businesses are tough, but is almost goes without saying that restaurants are tough sledding. Duffy was a website/computer kid, he now is a real estate expert, a franchise expert, a restaurant maven and a hotelier? Somehow, I don't think so.
Needles to say, this has been one hell of a learning curve for me, I'm real sorry I got involved.
DIVEMAN
AND THE O/S count has now grown to over 130,000,000 with no additional assets to account for. Some "BUYBACK" program.
