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Microcap & Penny Stocks : Exclusive Cruises and Resorts (XCLU) -- Ignore unavailable to you. Want to Upgrade?


To: Dr. Microcap who wrote (602)8/1/1999 9:12:00 PM
From: jhild  Read Replies (1) | Respond to of 644
 
So let's see here. When the deal closes to buy the hotel the shareholders will own 100%, but then when the construction loan is approved they will put the Hotel in a LLC and own 51%. Looks to me like some one is taking a big rake off here in this hotel shell game. Which shell has the pea, eh?

So who gets that other 49% and what are they putting in to get it?