Madera International - Symbol WOOD Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Madera International - Symbol WOOD

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Proletariat who wrote (719)	1/24/1999 12:45:00 PM
From: mahnaz mirfatahi	Read Replies (1) of 1979

Even if they sell the land at $96 mil. ask price (there is always room for negotiation), there will be costs to this transaction. Broker or agent fees for land sale is about 10% of the sale price(unless they have negotiated other percentage in advance). There is also about %1 to %2 escrow cost (again depending on the negotiation, who will pay for what). I personally assume a net proceed of about $80 mil. from the land sale. I would love to know how much land they are selling, so I can estimate the value for the remaining portion.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next