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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (229468)11/22/2009 8:03:14 PM
From: orkriousRead Replies (1) of 306849
 
I got off the plane in Vegas on Thursday morning to find my PF down much more than I would have liked. Obviously, a quick search told me NGD was the problem.

This is the first chance I've had to be on the internet since then (I'm at McCarren). I happened to be copied on an email Heinz wrote on the subject. Here's what he said:

political risk strikes. the same group of people who have been trying to blackmail the owners of Cerro San Pedro for the past ten years have won a court injunction again (imo they have bribed a judge). they always lose on appeal, because they actually have no case. i discussed this extensively with Richard Hall, the fomer MRB chairman (the company NGD took over in the merger).
this could actually provide a good opportunity to pick the stock up cheaply.
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