Replies to post #54909 on International Consolidated Companies Inc (INCC)

[rawman]

ALL VERY GOOD AND GERMANE QUESTIONS! THANKS FOR POSTING! Just a guess...some of the Agreement "details" were overlooked in the rush to quickly PR a lease agreement! Both companies needed a little PUMP!

[jubin56]

It is a three year lease. If INCC and FutureWorld agree on signing a new lease in the future then that would take place. In buisness, I have never seen an open ended lease.

[Insidiou$]

They can't be. Per colorado laws you have to be registered for business in Colorado. INCC will be the investor/partner. The name was created for the purpose of submitting the application for the license.

And as far as your post about the gropro the system is a hydroponic system. The PR from this week said they were buying lights from someone. The gropro system is separate from the lighting needed. There are several components needed for growing so to say the gropro system is no longer a part because of them buying lighting is also leaving it that they need to still have a growing type. Having just the lights isn't going to be all they need.

[stringofpearls]

95% of "off the shelf" leases-have-an-"auto"-renew-clause that, if NOT intended to renew, it would be deleted or marked out. this posted lease isn't the WHOLE lease

after initial term, usually it is a series of 1 yr lease deals escalating rent,

INCC is gonna be a business??? get serious, did Talari (FWDG owner…., INCC's GPS LaVita, lessor ) say that??? (check out his resume )

[AXE_EVERYTHING]

20 year lease - inclusive of the three 5 year extensions - Surfkast - good question, and in my opinion, they have not unveiled all the exact details as of yet

there is more happening that we will need to see future announcements to totally understand the set-up

that being said - there is DEFINITELY no risk of losing a $33million dollar per year business after 3 years

let me explain, first off in this lease, it is a 20 Year lease (provided the exercise all three 5 year options)

also - they BUYBACK with 10% interest - is a way of financing a buildout into the lease rent

this is a very good strategy for both landlord and tenant, the reason is, it is a PRACTICAL CHANCE for this grower to develop and establish themselves in their FIRST 5 years of business - to have a solid foundation so they are able to ALWAYS PAY THE RENT for the remaining of the lease


also - to answer strings question about a graduated rent increase - yes - those are in leases too, but they also can be amortized into a flat rate rent payment - which is what we see here

so instead of having a graduated rent payment per year - in this case they do a buyback and they also keep the rent the same

totally normal, totally common

nothing here is out of the norm in my opinion - it is a VERY HEALTHY LEASE !!!!!