Jim: You can just chalk it up but I'm not. I'm going
all the way back to 1985 and Gemini Ventures, Inc. and
I'm gonna tie every name in and continue to publish until
they buy us out at the terms they said they would.
Plans change and deals don't work out but the roadmap
for the 16 entities I've found so far doesn't look like
it's just bad luck and if it's not just bad luck I'm
gonna make sure the only people holding IRAE are the
people that told us they were buying NIAR out.
REMEMBER THIS:
NIAR Announces Buy-Out
ORLANDO, Fla., April 16 /PRNewswire/ -- North American Resorts Inc announced today
that it has entered into an agreement to be bought out by St. Anthony Entertainment, Inc. for a
combination of stock at .05 per share of royalties at .10 per share, equaling .15 per share, or
approximately $8,000,000. NIAR shareholders will receive .10 in royalties from St. Anthony
Entertainment, Inc. for each share owned. NIAR's stock will be valued at .05 per share for
trade purposes. St. Anthony's stock will be based on the 10 day average bid price at closing.
The buy out is subject to St. Anthony completing its move to become a publicly reporting
company within 90 days and is subject to share holder approval of both companies. Joey
DiFrancesco, C.E.O. of St. Anthony Entertainment, stated that, "My goal is to create a resort,
entertainment and gaming company and NIAR's Vacation Membership concept is a perfect
match for my company's master plan." " Mr. DiFrancesco stated, "My company is presently
doing a private placement for $1,000,000 to begin production of a children's television series
to be filmed on Cypress Island in Kissimmee, Florida. SOURCE North American Resorts,
Inc. |
