ARET (Formerly KLHE) Message Board

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Microcap & Penny Stocks : ARET (Formerly KLHE)

ARET 0.0001000

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Nov 5 1:03 PM EST

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To: Mr. Jens Tingleff who wrote (3342)	1/23/1998 9:17:00 PM
From: Mr. Jens Tingleff	Read Replies (2) of 4594

To ALL: One of our E-mailing freinds Gary Brendle did with his aquisition yesterday become a member of the 1M club - And is hereby applying for a chair at the board of the "hostile takeover group" ;-). -------- Browsing through a part of all the e-mails i have got concerning Aret Also searching for other possible 1M club members - I fell over one mail from october which made me remember that there must be more work to be done concerning dd. We have for the time beeing quite a lot of speculations and rather few real dd posts apart from the great footjob beeing done by Bob. I bring here the unedited ARET part of the e-mail mentioned: >>>>> i spoke today to someone who has been in the construction business for 10 yrs. 1-once a letter of intent is received in calif. then it is a binding contract, did not know about kansas. 2-since aret is a management/consultant company then they only manage the project by buying the material and hiring the subcontractors. 3- in calif. the management fee is about 7-8%. 4- the next step, aret goes to the bank and tries to get financing for the project. 5-financing eats profits from aret...and it hopes to net 5% 6- the bank will own the deed to the property until they are paid. 7-so suppose they advance 20 mill to aret with restrictions, aret buys materials hires subcontractors and finishes one month of work and bill the company who hired them. 8- the company pays the bill to aret less 10% retainer. this retainer could be kept unpaid up to a year after the project is terminated. 9-if aret goes belly up, the bank owns the site..the subcontractors who also have a lien on the property will get paid by the bank. 10-it is unethical if aret awards a job to its own subsidiary. 11-this gentlemen is guessing a project like that could take 18-24 months, especialy with winters in kansas j.t. the process of getting a bank loan or financing is not easy but it is not impossible. that is why i am wandering if aret could not get financing to build this "casino in the caribean" also wandering what is cdc acquisition good for? how much dilution did we just incur? there is not enough information researched on this thread. once we have more substance and information, i am ready to double my position...especially that i believe now that the earnings will be spread over 2 yrs... lowering my estimates to 20 - 30 cents target stk price,if they get this project going...so we need the water plant approved for construction soon to help out. <<<<<<<<<<<<<< Maybe Tonto have some additional for some the points above ? Looking at our thread with a newcommers eyes there is surely a positive spirit - But real few facts unless reading some 2000 posts. Now my question is should we add a thread solely for facts - And if so is anyone able to retreive the "real fact" posts from here and push it over there. And still be able to have our cosy and learning) atmosphere here. ? Kr Jens T ) Mike Harb - All we have learned from you is not forgotten - I'm still thinking of how to pay back!

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