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Re: mike_long post# 10645

Wednesday, 03/28/2012 10:24:14 AM

Wednesday, March 28, 2012 10:24:14 AM

Post# of 30698
Unfortunately to make
the kind of return I am expecting takes risk. Everytime I build a building I am taking a chance someone will buy it or rent it. Believe me being a developer is far riskier in this real estate enviroment than playing pennies. The deal as I understand it is a discount gold price or option to buy shares @.03 to the financing investors. I am not keen on that approach but it does limit the debt burden on a start up like BONZ.