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chilar4567

06/21/07 10:57 PM

#42998 RE: roach4091 #42995

Roach, they never owned the land in Brazil, but had the brokerage rights. Long ago there was some kind of pr regarding the situation. Some sleuth will probably find it in the next few minutes.
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Time To Roll

06/21/07 11:03 PM

#43001 RE: roach4091 #42995

Roach, From past pr,

"Brazilian Land The sale of this land for $500,000,000 would generate a commission income of approximately $15,000,000 to the Phoenix coffers on a one time basis. Phoenix has unconditional and exclusive rights to this property but we need to hire a lawyer and an appraiser in Brazil to market the 3,500,000 acres properly."