do you have the financing to refurbish the cars, yes or no?
Everything hinges on your getting the Entertainment/Hotel Complex in place but if the "40- TRAIN SLEEPER CAR MOBILE HOTEL" (as described by the appraisers) are required to provide the 80 rooms and you don't have the means of refurbishing them, much less transporting them to Vegas, what exactly do you have?
Yet you were advertising hotel rooms for $100 a night during the pre-New Years period for the Millenium celebration. You were advertising that you were accepting reservations for rooms you knew or had every reason to know would not exist in Las Vegas on December 31 since they hadn't been refurbished yet much less transported and sited on improved land in Las Vegas. What does that smell of?
So far you've only said that you have the estimates and you've shown some undated photo as to what they will look like or what they used to look like...It appears that you're waiting for a loan for more than $3 million and nothing happens until that's nailed down. And then you say that the SNCG stock worth over $6million will be issued - to whom and for what?
What price did you (Primm Valley) get from SNCG for the railcars and is the price that of the unimproved or refurbished cars?
There is a suggestion of self-dealing here, where Primm gets the cars (or an option to buy them) at a low price and they get "vended" to the public company you control, Sinclare, for millions more. The confusion can be cleared up if you respond to the questions with real answers, not bombast against the inquirer.
Has any money actually been paid out for the 40 rail cars, etc? By whom and to whom? Who was the seller of the defunct motel's assets that you purchased the cars from? ("Purchased" meaning title transferred from the seller to Primm and your 10% partner.)
What did Sinclare give you and your partner for Primm and its millions in assets you vended to Sinclare that should make the stock's price to appreciate rapidly, as you put it?
The problem is the propriety of you acquiring something privately (via your creature Primm Valley) and then selling it to the publicly-held company you control. This is called various things and regulatory agencies as well as shareholders do have an interest in such matters.
Then there is the problem of putting out press releases that may or may not be factually correct, sorta like that Neuropro Nevada outfit that you controlled and signed an agreement on behalf of with Hudson - except it never existed at any time. That fact seems to have saved your skin a tad but SNCG isn't Hudson management which isn't publicly-held.
Snivelling and snarling won't hide the fact that you have not answered legitimate questions on these matters. Why suddenly does the cat have your tongue?
As for the rubberized bags you show 2 photos but who knows what they really are? Who knows what's inside them and if they are what you purport them to be (coal containers) you still haven't shown that they can transport cement in the manner you have suggested as an economically practical matter.
And where did this "highly competitive cartel environment" come from that was never mentioned before, the one that is thwarting your efforts? Do you think I am part of that cartel?
And isn't "highly competitive cartel" something of an oxymoron? Like "military intelligence"?
And, Larry, the SEC alleged but the Judge judged - and you know what he said. You may be in denial but others may find those words important. For instance, can you get any surety or other bonds that may be required by Union Pacific or Amtrak or Talgo to guarantee Sinclare's performance if contracts are ever negotiated?
Dee Jay |
