Replies to post #3272 on Monkey Rock Group Inc (fka MKRO)

[kookiekook]

First, there is the financing agreement with Southridge Partners.

Second, I would anticipate a long-term loan on the realestate. Possibly assuming the current morgages (which I assume exist). The real estate market has taken a big hit in Florida and the assessed values of the property are oly around 70-75% of what they were in 2009. The properties were developed in 2005-2007 (from what I remember) so any existing morgages would probably cover the property cost.

Third, use of financing to cover everyday operating expenses is asking for failure, but use of financing to expand a business (particularly a new business) is a wise idea.

Forth, most of these properties are money making concerns and are probably leased out on long-term leases. The motorcycle dealership property appears to have at least one resturant located on it as well as the dealer. The motorcycle dealership property has a tax assestment value of over $8million, so I imaging we are buying just the land and dealership is owned by someone else.