me to post this information in a better light weeks ago. But basically I came across Montaluce, which is less than a half hour my house, on Loopnet. CBRE auctioned it off in June. The bidding stared at $1.5MM and the rumor is it sold for around $4MM. It went under because there are still 223 improved lots with the property. The vineyard does very very well, the real estate side didn't.
from: <smallcapsmarket@gmail.com> to: Distinguish Yourself !!! <apierce713@aol.com> date: Sat, May 31, 2014 at 9:41 PM subject: Montaluce Vineyard For Sale - 400acres
Auction is on 6/26/14. Let's buy it. 20 minutes from my house.
His response was simple.
from: BU92 <apierce713@aol.com> to: <smallcapsmarket@gmail.com> date: Sat, May 31, 2014 at 9:58 PM subject: Re: Montaluce Vineyard For Sale - 400acres mailed-by: aol.com
Sweet
We also looked at BlackStock, which went under because they had 2 years of late freezes and early buds from warm falls. The grapes are still growing and the bank is taking pretty good care of the property. Here's the real estate info.....
His response to some pictures I sent when my wife and I visited the property.
from: BU92 <apierce713@aol.com> to: smallcapsmarket@gmail.com date: Sat, Jul 19, 2014 at 5:10 PM subject: Re: BlackStock Image
Man I am actually floored.... That place is awesome and looks very nice man if I cant be a owner and officer and directer and owner of options I don't want to see any more pictures. Great Job
We not only emailed, but we talked on the phone about this. He was talking about using the $5MM credit line to purchase either property.
We also looked at other tickers. I always thought it was be easier to file Form 10 and we wouldn't have to worry about "hidden debt" in buying another ticker, but I guess Mazzo is interested in the here and now. No need to get FINRA approval and file audits, right?
Regardless, the man at least pretended to be interested. maybe he just wanted another PUMP. The fact he would tell people otherwise was quite revealing.
Yes, we (I) considered using the 50MM in options to take something public. Is that a bad thing?
When Phantom Shorty joined the Advisory Board of TEMN, it was time for me to leave the team. Let Shorty have my options.
I'll post emails about the options discussions as well. Gotta run.
Oh yeah, when I say "raise money" in the first email, I am saying going to investors, selling notes (not at huge discounts) and owning the property/operation outright. I wasn't thinking Pumpy Dumpy.