Leisure Canada LCAN Cuban Hotel stock Message Board

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Gold/Mining/Energy : Leisure Canada LCAN Cuban Hotel stock

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To: TrueScouse who wrote (34)	5/27/1999 12:09:00 AM
From: The Barracuda™	of 52

Unfortunately the show didn't mention that LCAN is a publicly traded company or that additional golf courses etc have been contracted for since December 1998 when this show was filmed. The show also didn't mention that Leisure Canada's ( LCAN Canadian OTC market) expense of $400MM is being paid by the LE MÉRIDIEN HOTEL company. Leisure Canada only has to give up 10% of her equity and is carried free for 40% of the total project. BUT, the show did indicate how much other hotel companies want to get into Cuba. In the 1950's there were many daily departures from Miami to Cuba,. This stock is a share you buy for the long term, even though something will happen in the short term. Heck at $3/sh and 23MM shares out; this company has a market cap of $70MM Canadian. The initial hotel and grounds is $400MM investment and LCAN has a carried 40% interest in that or $160MM. Plus there are 3 other properties that in planning and negotiations now. Leisure Canada has over 10.5 sq kilo m of beach front property. A very interesting co.

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