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To: bottomfish who wrote (11182)10/7/1999 10:49:00 AM
From: Wade Spencer Graves  Respond to of 150070
 
The offer was made around mid september.
shareholder equity is 20% or $0.20 per share
market value of assets is $1.25 per share
depreciation accural adds $0.55 per share
savings due to elimination of administration
costs is another $0.10

Claremont believes they can restructure capital at lower interest rate than REIC.

more news coming