Public Shell/SEC - No Debt - $.83 p/s cash, $.28 last ask Message Board

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Microcap & Penny Stocks : Public Shell/SEC - No Debt - $.83 p/s cash, $.28 last ask

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To: chalu2 who wrote (10)	5/25/1999 10:40:00 PM
From: Paul Andrews	of 17

So what your view of ADTX? All my attention recently has been in trying to provide liquiditiy for purchasing FFP Partners, LP (AMEX: FFP; last buy $1.0625). FFP Partners owns $38,000,000 of real estate leased to FFP Marketing, Inc. for retail use. Of course, putting your eggs into one basket does increase risk, this "trading unit" is beat'n to a pulp - while providing increasingly positive results. FFP Partners LP ("FFP"), is in it's current form due to a reorganization that divided real estate from marketing. The result created FPP Marketing, Inc. owning retail marketing operations (AMEX: FMM; $4.00), and the continuation of FFP Partners owning the real estate assets. The bottom end of the above is the spin-off of FFP Marketing, Inc. to the Unit Holders of FPP Partners LP. This transaction occurred during December '98. For an comprehensive view of financials do your own DD with using this link: finance.yahoo.com For the quick view profile: 1. 1st quarter FFO $.12 2. During first quarter FFP doubled asset size. 3. Props are set to convert to REIT status, maybe (check our 10K). 4. In pact to refinance debt. 5. Negative is the low equity. 6. Positive is all the depreciation on it's assets. 7. FFO during '98 of $.45 per share. Do your own DD! Regards, Paul Andrews Minneapolis, MN

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