Wrong .... please read closer:
"Right now, this property at 100 Portales Real, is not for sale."
It's a private company ..... nothing we can really say either way.
Waiting is the name of the game for now.
Although the name ADAVCO really has no meaning ...... except for A(rthur) Dav(is) and A(nnette) Dav(is) and they are a Co(uple).
We should be aware of the fact that many businesses/business people will start companies with the sole purpose of making certain things deductible (rent, car lease, etc.).
"Golden Valley is using office space provided by a related party on a rent-free, month to month basis. The fair value of the office space is $388 per month. Golden Valley had $4,656 and $4,658 of rent expense for the years ended December 31, 2009 and 2008, respectively. The rent is contributed to capital by a related party as a credit to additional paid in capital. "
Sounds like someone is justifying the claiming of rent.
Also note the following regarding shares issued:
"In 2009, the Company issued 30,000,000 common shares valued at $155,988 for services under its "Management, Consultants and Advisors 'Stock-for-Services' Plan for Golden Valley Development, Inc., a Nevada corporation" stock participation plan. Four consultants participated by providing a variety of services which the company paid by issuing 30,000,000 shares. "
This is likely where our shares came from. Anyways, we can only wait.
News 
Market Data 
Discover 
