"Chronolgy of Events for ARET". Thanks and happy investing to all!
Steve alias SSPARSONS
The following is a listing of Contracts that are presently on the table for ARET. Provided are dates for releases, updates and other tidbits. Enjoy the reading and happy investing...lets hope we score big with ARET:
Finalized Contracts:
1. $4 million dollar Hydroponic facility constructed in Clinton, Missouri.
First announced to the public on September 25, 1997. Actual contract was signed on November 18, 1997 via press release. Actual construction will/or has begun according to press release on April 30, 1998. On May 19, a follow up news story was released stating that Tomahawk and Hydroponic Development Corp (HDC) entered into a JV (Joint Venture) to provide long term maintenance to this facility.
2. $5 million dollar contract signed on April 28, 1998 to provide design and project managment services for the initial phase of 500 low income homes in the Linares, Nuevo Leon, Mexico area. Initial contract was for $5 million dollars but a final contract dollar amount will be determined after the design phase is completed. Ground breaking is scheduled in 5 months.
3. A negotiated agreement was reached with the Dakota Ojibway Tribal Council to provide design engineering and project management for pilot housing program in Manitoba, Canada. Initial budget for this project is valued between $700,000 and $1 million USD. This was announced to the public on April 13, 1998.
Contracts on the brink:
1. On December 15, 1997 ARET was in the final stages of negotiating a contract to convert an existing greenhouse facility in Manitoba, Canada to a Hydo facility. Initial costs of the conversion were $250,000 and $500,000 USD with future expansion in the range of $2,000,000 to $4,000,000.
2. $4 million dollar contract to build a Hydroponics facility on Cheyenne- Arapaho Tribal Land in the Oklahoma, City area was announced via press release on May 5. A signed contract was expected to be executed within the next 30 to 45 days (we should be hearing on this soon).
3. $5-$12 million contract pending with Fluor-Daniel for building a Foundation Package facility. Bid was submitted on August 25, 1997 as noted in press release of September 5. September 16 press release notes that Fluor's contract manager was pleased with Tomahawk's cost figures which were questioned. Bid for this package dropped into a range of $7-$10 million. The scheduled winner of this project (between three entities) was supposed to be announced in January but details are still being worked out.
4. $5-$9 million contract pending with Fluor-Daniel to build on a major plant expansion. This was first announced back on September 23, 1997. A November 13 press release noted that the contract would be awarded during the first week in January 1998 but a subsequent news release from December 23 noted that this package (and the one above for $7-$10 million) was supposed to be rewarded during the last week in January. Press release from May 27, 1998 has noted that Tomahawk and Dunn attended a meeting with Fluor Daniel to negotiate a contract.
Note that even if the Fluor contracts are reached, revenue will be divided up due to the JV and ARET's current relationship with Tomahawk.
5. On April 16, 1998, ARET's Tomahawk unit and JV Partner Dunn Industrial submitted a design/build package for 5 buildings with Fluor Daniel. Amounts range from $17 to $25 million dollars.
Contracts in the making but distant:
1. Back on September 15, 1997 a bid was submitted for buliding of the first phase of a housing development related to the Navajo Indians. No updates have been released.
2. Letter of Intent to act as project managers at a Missouri development that includes a resort, marina, retail center and residential community in the range of $90-$120 million announced to the public on October 14, 1997.
Outside financial interests and currency crisis in the Far East have put this on hold as outside investors have felt the impact of the world markets crunch. This one is on the back burner for now.
3. St. Lucia deal for $34 million. Still in the works but on hold. Last press release from August 11, 1997 gave indications that ARET was in the final stages of financing. The lending instituion had required additional documents from the land owner in order to secure a clean title to the property, which they have now received all the information that they had required from St. Lucia. Closing date was not set.
These are a total of 11 events that are currently on the table for ARET, Tomahawk and the JV's. Question: Can you honestly tell me that this company is worth only 3 cents considering the outpouring of information we have seen during the past two months? I hope the stock can move higher and word gets out that they seem to be getting their act together.
Steve alias SSPARSONS
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