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Re: Bobbafet post# 17129

Wednesday, 07/25/2012 6:29:09 AM

Wednesday, July 25, 2012 6:29:09 AM

Post# of 97068
From John Folger
President
American Community Development Group, Inc.

The only direct questions I have not yet answered are two:

The first was the status of the acquisition agreement regarding Southern Investments that was previously announced.

The second was the status of a $40K judgment in which the Company is named, along with me personally.

I am normally pleased to answer questions from shareholders on a timely basis, but I don't always have time to answer on the same day they are asked. As it has been pointed out here, I really don't spend all day in front of a computer, so there are times when it could take a day or two, which I believe is common courtesy. I also indicated, and thanks to those of you who commented, that I have been recovering from Pneumonia.

I believe both questions were fully answered in the fallout from the Tampa Bay News article in February, but just to confirm, the acquisition was disrupted because of the staff terminations and failure to collect client fees and our corporate shift away from residential properties. I will again confirm that we removed most of the residential portfolio from February to April and had all of those the clients placed in other programs.

The status of the $40K judgement is that it is my own personal debt from real estate transaction in 2005-2007. It never had anything to do with the Company and is only filed because my attorney at the time mishandled it.

I believe others on this board will be happy to point out the previous due diligence on these matters.

Other recent posts on this board are just pure fantasy. There is a shareholder (I assume) that actually posted the real name of a very large shareholder and said that he was in contact with them regarding a shareholder takeover. I found that interesting because when I spoke with that specific shareholder, he knew nothing about any contact.

Thanks to many of you for your support and good wishes, for the others, we'll be sorry to see you go, but don't let the door....