Replies to post #730 on American Asset Development, Inc. (fka AADI)

[Capstar]

Headedup The Santa Barbara development is still on the table...

The "Corporate Summary" was issued to raise $500K in a PPM...as "bridge funding" to access their $10M Dutchess line of credit...as well as funding various Empyrean Holdings...

2009 Q3 - See Note 6 - Purchase of Property -http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6634715

8K July 8, 2009 - http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6414943

[qqbmed]

So much for a Finalized Purchase & Sale agreement