You do realize that government property tax assessments are always wrong. Especially on business property. Banks mark up the assessments on personal homes 10%-25% automatically because the are always wrong. The date of the assessment is key because they are most often years old because lazy goverment workers drive by apraise homes and businesses if they even leave the office. Also, appraisers are crooks that will set a number of anything for the money. That is how you get home morgage fraud. The same thing works for businesses getting lower than market appraisals. I was a bank executive for 8 years with one of the three largest banks in this country. Trust no one. LOL. Or is that trust but verify. BTW, you are doing a great job with this board. Many thanks.
Assesed property values have nothing to do with Sales prices. Assesed property values are calculated by the Counties and used to calculate property tax owed. Sales prices are based on comparable sales and market conditions.
This morning you posted ADCS was trading for .07 per share on March 13 when it was trading well under a penny.
The assesed property value on my house is $200,000 less than the appraised value.
Wow So Brian Kistler owns the building that ADCS claims to be acquiring... Good Stuff Sly... Wow real DD..Not common here. And ADCS overpays in a big way...And they dilute the stock... What a week...
So anybody disputing this???? Brian made out real well this week.
ADCS continues to stick it to the shareholders...Cant wait for the reverse.. Seems like Spahr no better than previous owners of shell..
PS Great TIme for a company to overpay on a building during the worst real estate downturn of the century. GENIUS!!!!
Like to see their explanation. Nice work. Keep it in the family eh!
LIMA, OHIO--(MARKET WIRE)--Apr 23, 2008 -- Advanced Content Services, Inc. (Other OTC:ADCS.PK - News) CEO S. Shawn Spahr announced today that the Company has set final terms to acquire an office building located at 1046 North Jefferson Street in Lima, Ohio.