Teeny Tiny Flip Flops

[2desire]

Found this on RB re: NRES. Pretty good read.

b/r 2desire


NEWBIES: See What the NRES Excitement's about!

****7 straight days TOP OTCBB Volume Leader****

National Residential Properties, Inc. (OTCBB/Symbol: NRES) a south Florida real estate developer.

WHAT THE NRES EXCITEMENT's about:

(1) NRES has over $4 mil in real estate assets which
are buildable lots in excellent locations. NRES has
5 projects that are planned/being built, and reference
was made to a total of 8.

(2) 21 March, NRES reported that they have pre-sold a building that isn't even built yet for $12 mil. See "Bay Harbor" at:
http://feistymama.com/ts/nresmar21.htm

(3) 2 April, NRES says they will vote on whether to give shareholders a dividend on 12 April. Subsequent email from Mr. Astrom (NRES CEO) said that the dividend will be in the form of free shares.

See: http://feistymama.com/ts/dividend.txt

See report that dividend will be stock shares here:
http://ragingbull.lycos.com/mboard/boards.cgi?board=NRES&read=19072

(4) We have been "held down" for sometime because NRES has had an outstanding debenture. On 22 March a phone conversation between a NRES shareholder ("uwlungman") and Mr. Astrom indicated there was probably only about $150k left in the debenture.

See:
http://ragingbull.lycos.com/mboard/boards.cgi?board=NRES&read=16562

On 4 April, reporting on a phone conversation with Mr. Astrom, Raging Bull handle" "morg38off" stated Mr. Astrom told him there was under $100k left on the debenture. Later email from Mr. Astrom said that even he would not be told when the debenture was gone. Tinystock.com estimates it may be gone now--or very close to it.

See: http://ragingbull.lycos.com/mboard/boards.cgi?board=NRES&read=19072

On 3, April, 4 April, 5 April, 6 April, 9 April, 10 April and 11 April, NRES was the Volume Leader for the entire OTCBB. 31,594,800, 22,433,300, 17,608,300, 15,727,100, 31,527,300, 37,245,600 and 33,265,600 shares of NRES traded on these dates, respectively.

(5) NRES has not yet built anything. But evidence continues to build that NRES is poised to go through with their ambitious building plans.

(6) $200-$300,000 income a year in rooftop leases. On 10 April, NRES announced that the company has signed a lease for the leasing of the rooftops for Wireless Communications antennas with Message Center Management. The lease calls for $50,000 to $75,000 net rent to NRES per year, per building, to begin when the buildings are built and the antenna network is in place during the first year after construction. The 4 NRES projects included are: Granada Grand Apts, Conquistador Plaza Apts, Barcelona Apts, and The Residences at Bay Harbor. See: http://feistymama.com/ts/rooftop.htm

BELOW ARE NRES "advertised" income projections:

EAGLE TRACE, sale of the lots in EAGLE TRACE will generate $1,500,000 net income in year 2001-2002

GRANADA GRAND, upon sale the company will generate $7,000,000 revenues and $2,500,000 net income in 2002
See Grand Granada Pics here: http://www.norents.com/granadagrand.html

CONQUISTADOR PLAZA, generating $7,000,000 revenues upon sale, and $2,500,000 net income in 2002.

17 March 2001 Pics: http://feistymama.com/ts/conquis17mar.htm

15 March 2001 Pics:
http://www.norents.com/conquistador.html

THE RESIDENCES AT BAY HARBOR, building is pre-sold to one buyer before being built, generating $2,500,000 profit to the company.

BARCELONA APARTMENTS, generating upon sale $8,000,000 revenues and $3,000,000 net income in 2002

See Oct 00 Eagle Trace Pictures here: http://feistymama.com/ts/eagle.htm

See the following post regarding building at Eagle Trace:
http://ragingbull.lycos.com/mboard/boards.cgi?board=NRES&read=19831

Costa del Sol Pictures:
http://www.nres.tv/projects/costa.htm

On 4 April, reporting on a phone conversation with Mr. Astrom, Raging Bull handle" "morg38off" stated Mr. Astrom told him "concrete was being poured" at Conquistador Plaza this week.

See: http://ragingbull.lycos.com/mboard/boards.cgi?board=NRES&read=19072