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Imperial Whazoo

12/01/06 12:26 PM

#21050 RE: Fishing at Surfside #21048

Thats the land bank idea. The business plan is the same every time. They obtain a property and split out a WI, RI, or an ORI to create a future income stream for the particular partner in that particular property. But, because they want to be in the drivers seat, they retain the largest WI in the division order so they can be the operator of the property. This is their modus operendi.

Imperial Whazoo