Replies to post #10425 on Corporate Management Solutions, Inc. (fka YDGE)

[Pennyprof]

Hmmmmmmm....


Get that "lady" from Utah on the phone, lol.

[QTRADERQ]

Res. Properties buying DMGM 175 lots for $35mil

(GOINGUP, great post...A must read for everybody...If you include the 2,000 homes in Nevada, DMGM could easily be worth even more than $2.00 per share, or $24 mil. These FL properties alone are worth $35 mil.)

"Atlantic First is owned by Residential Income Properties Inc., incorporated in New York. (and DMGM owns Residential)"

"An investment being made by Residential Income Properties — the $35 million purchase of a property in Poinciana, Fla., south of Orlando — is expected to generate the capital needed to renovate the Holbrooke, O'Brien said."

"In an earlier interview with The Union, Hudson said that investment was expected to generate $105 million per year over three years, as 175 already improved lots are built for housing and sold. From that income, he expected to channel $400,000 to $500,000 into renovations at the Grass Valley hotel, to be completed by 2012, Hudson said."