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Re: None

Tuesday, 08/31/2010 12:03:31 PM

Tuesday, August 31, 2010 12:03:31 PM

Post# of 17004
First of all, congrats to those bankin on this one!!

Second, I'm trying to get the scoop here real quick. Not trying to bash, just looking for straight answers.

1) Why is someone valuing this stock at $2.00/share or $24M? It's a non-reporting pinky with a poor history and some land lots outside of Orlando with maybe a value of $1.7M (if they could get a buyer). Why would this new company pay $2.00 share for land not worth that much and a poor shell?

2) They talk about starting to build houses. People can't sell the ones that are built right now. How are they going to build houses and sell them in this market?

3) They talk about buying up 2000 houses in NV and leasing them. Where are they getting the money for this?

Looking forward to realistic answers. Thanks!

All of the above/below is in my opinion only. Please do not buy or sell based on what I have written.

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