Replies to post #14508 on CGrowth Capital Inc (CGRA)

[workinit]

Really?? $9K in the bank as at the end of March 31st...

You think this $9K would last through April - May? LOL

How about the $680,000 in the red!!

They are technically insolvent!

CGRA....Solid my a**!

How about the $21,000 they MUST pay every month for the deal below??? Where is that $$$ coming from??? INSOLVENT! They cannot meet their debt obligations!

This is the big deal. Now that they own all this revenues will be much higher going forward. CGRA

In April 2014, the Company closed escrow on a 47 acre industrial processing site in
Stevens County, Washington. The property includes three tax parcels with 93,000 sq. ft.
of industrial buildings, a 3,000 sq. ft. office, 600,000 sq. ft. of impervious surface, on site
water systems, three phase power to all buildings, an evaporation pond and tailings
pond, 19 acres of farm field open space for future product testing, and its own rail spur
and rail scale house on the property. The purchase price totaled $430,000.00 and
included a down payment of $86,500.00 and a promissory note in the amount of
$343,500.00. The promissory note includes five consecutive monthly balloon payments
of $21,000.00 with the remainder of the note amortized over 30 years at 5.0%.

In April 2014, concurrently with the closing of the industrial site, the Company also
closed on a 20-year Mineral Lease that covers specialty items such as dolomite,
terrazzo, silica, and all facets of construction, specialty, and agricultural rock. The lease
includes 14 separately identified parcels, over 1,100 acres of land, and an estimated
300,000,000 tons of material. The Mineral Lease requires a royalty payment of between
$0.50 and $2.00 per ton on materials removed from the sites, with a minimum annual
royalty of $20,000.00 beginning in 2015.

http://www.otcmarkets.com/financialReportViewer?symbol=CGRA&id=120915