DMGM subsidiary to sell/lease ~$160 mil worth of homes in NV. Ka-Ching
DMGM Nevada Operations From the Feb 2010 DMGM Shareholder Letter: "Residential Investment Properties (DMGM's subsidiary) is in the process of acquiring 2,000 residential homes in Clark County and Washoe County, NV, to lease these homes in an Union exclusive rent-to-buy program." http://www.authorized-shares.com/dmgm/dmgm_feb2010.pdf
What does a Nevada house cost? Let's say 80K Times 2,000 homes Equals $160 mil worth of homes DMGM's subsidiary plans to sell. No wonder Montana is bidding $2/ share, or ~ $24 mil mkt cap
DMGM Florida Operations DMGM owns 174 real estate lots in Orlando, FL. Their subsidiary, Residential Investment Properties, will soon start construction of single-family homes on these lots.
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