Replies to post #12442 on Beacon Redevelopment Industrial Corporation (BCND)

[Komando Robot]

I'm dying for the news already, I know it will be good. If you think about it. Seems like PPS should go up now because buying pressure in anticipation and then also if news come out about the bid will shot PPS. But also don't forget news should come out soon about that geologist studying their land. Next week should be HOT

[The Rainmaker]

The first such acquisition will entail a 16 plus acre industrial site/track that will consist of the demolition of a closed down factory.

Phase one will be to demolish and recycle every aspect of the structure from bricks, steel, fixtures and land fill .

The second phase of the project will be to redevelop the property with a new state of the art industrial complex.

This deal has already been contracted with pre engineering, permitting and construction activities currently underway.

Beacon estimates that there is between 9 and 10 million recyclable Chicago bricks that have a wholesale value of 0.50 to 0.75 cents a piece

in addition Beacon also estimates that there is at least 40,000 tons of recyclable steel with a value (at today's scrap steel prices of $250.00 to $300.00 per ton).

The company will also move to redevelop the property as an industrial park with rail access, for small to mid-sized company's.

The potential return on our investment exceeds all of our prior estimates, including salvageable materials to redevelopment and other revenue producing aspects of the property," said Adam Marek, president & COO.

This is but one of many such projects that the company has under negotiations/contract.

BCND today announced it has rejected a 5.5 million dollar unsolicited salvage offer for its Westmoreland PA property.

Instead, the company will put the demolition/recyclable contract out for bid.

The company believes that the salvageable value of the property to be in the range of $15,000,000 to $18,000,000 million dollars and anything less than that is unacceptable.





2008-The Rainmakers Moneymakers. stock symbol RAIN
http://investorshub.advfn.com/boards/board.asp?board_id=11575

[fidel]

he has to get permission from the bidder to announce it. these bids aren't one page, ya know.

[midas716]

The bid will have a good effect on PPS short term but you want to know what will have greater effect. When someone snaps pictures of all the equiptment being moved onto the site and and the demolition actually begins. That will prove beyond any doubt that this company is who they say they are and that they really are doing what they say they are doing. When that happens peeps will be lining up, not to flip anymore, but to hold for a very long time.