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clubstuttgart

11/02/06 10:05 AM

#3340 RE: Pecuniam #3334

Yes...he did state a couple of things interesting that people don't realize yet.

The deal with buying the finance company allows them to lend up to $100 on the loan card in which they make money every time someone uses the cards. BUT...the government is involved and the pay back for the borrowed money is PAY ROLL DEDUCTION....There are NO LOAN LOSSES!

The 70million profit is ONLY Phase One of the project. The whole project is huge! Over 2,000 acres and I honestly can't remember what he said the total dollar volume of the project was...however it's a HUGE number.

What do you know about the Panama Canal deal? Think we'll see any of this latest news on the financials?