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Warmy

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Warmy

Re: warren1 post# 21961

Wednesday, 02/20/2013 6:47:09 PM

Wednesday, February 20, 2013 6:47:09 PM

Post# of 62039
Something is only as valuable as someone is willing to pay. Why did the property originally sell for only $360,000? Even at auction, that was the MOST ANYONE WAS WILLING TO PAY for the property.

But lets assume that $2mil is the value. At that price the current PPS should be between 0.0057 and 0.0021 depending if the O/S or A/S is used. So, the PPS is STILL overvalued and not a "good deal" for a potential investor.

BTW, might want to do some more DD. Some of the infrastructure was sold for scrap metal.

All IMHO

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