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Re: None

Wednesday, 11/16/2005 12:34:16 PM

Wednesday, November 16, 2005 12:34:16 PM

Post# of 311068
Ok, please don't label me a basher for asking questions but in the original PR it stated that the Ambrose building was 4 stories, but in that picture, which pretty clearly shows the address the building is only 3 stories. I only see two stories of lofts (21 possibly 22) for sale while the PR mentions over 30 lofts. The average sale price appears to be somewhat inline with the $130K to $275K from the PR. This is some great info but it is throwing my value calculations into a mess. The original PR mentions that the company will put is $4.7M of repairs to the lofts, but at an average price of about $150,000 each the difference between 22 lofts ($3.3M before closing costs) and 33 lofts ($4.95M before closing costs) is the difference between a profitable venture and a loss.

You know wiritng PR's for this company would be such a simple task. I'm not sure of the legality of these releases, but I wonder if Dennis would accept an offer to allow me (or my own company) to produce PR's. Heck even something simple about loft sales would educate investors as well as serve as a form of advertisement to move the lofts. Anyone know the costs to a company to actually issue the PR? I'm going to do some research.