Replies to post #40064 on Value Microcaps Motherboard

[cliffvb]

abh3vt, re GV...Yes I did ask GV about that as well. In fact, that was my first question. Here is their response:

Sorry for the confusion.

Obviously much more than 8% of our real estate backlog will be recognized as revenue this year on the percentage of completion method. However, the 8% number represents the amount of backlog expected to be both completed and delivered this year. Since Pineapple House will not be completed until 2007, it is not included in the 8%. The 8% is comprised only of the unrecognized revenue associated with Oak Park.



Best regards,

Goldfield Corp