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tmob

02/23/11 12:34 AM

#48599 RE: the cork #48598

Another investor had a great idea. Because each dredge costs between $50-75k then what if someone purchased a dredge, hired a professional dredger and contracted it out to SGCP. The terms of agreement could be along the lines of:

The owner of the dredge gets 20%
The experienced operator gets 20%
SGCP gets 60% of whatever the dredge pulls up.

Of course these numbers can be changed to where everyone is in agreement.