Thursday, May 10, 2012 10:59:58 AM
On October 28, 2011 the Company closed on the sale of its property located at 6615 Brotherhood Way, Fort Wayne, IN. The sales price was Five hundred Twenty-Five Thousand and 00/100, ($525,000). The outstanding principal balance on the note payable to Tower Bank was Six Hundred Forty-Three Thousand Five Hundred Fourty-Eight and 00/100, ($643,548). The difference in the short sales was satisfied by certain guarantors to the note. The Company nor its officers or directors have any further liability or obligation regarding the property.
But who reads anymore these days anyway, right? Some of us here see potential and the volume and volatility as of late has been mighty kind to us-- I appreciate a good old fashioned bashing, but let's make sure its accurate first. In the meantime, I'll be raking it in on these bounces and hold 50% of my gains for the long haul!
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