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Microcap & Penny Stocks : Sinclare (SNCG) / cyberlinx -- Ignore unavailable to you. Want to Upgrade?

To: WhiteKnight who wrote (2632)	10/25/1999 2:28:00 PM
From: WhiteKnight	Read Replies (2) \| Respond to of 2696

STOCKETT RE: TRAINS The photos of the trains in Wilkes-Barre PA are old photos taken at least five years ago. It is no secret and fully disclosed on our web site that each of these train cars has to be refurbished. $75,000 per car refurbishment is the estimate we received from the refurbishment company. Each car, when refurbished will be valued at $160,000 according to the appraisers, Best Appraisals, Inc. Obviously the liquidation value as is, where is is much lower than the refurbished value in a higher use location such as Las Vegas. We cannot disclose our discussions or locations regarding casino's because we are under non-disclosure agreements and do not have all of the necessary approvals from Union Pacific to locate our train cars on their railroad right of ways. The appraised value for highest and best use in Las Vegas is $6.4 million. The assets were exchanged for stock at that price with $3 million as the liability to achieve the appraised value. The net worth, therefore is $3.4 million. This is the amount of shares that will be issued once the $3 million has been raised. To date, no shares of Sinclare have been issued. I am waiting for the financing which is a 50% loan to appraised value. When the $3.2 million loan is funded, I will issue the stock and show the assets and liabilities on the balance sheet of Sinclare. I hope this clarifies your misunderstanding. Larry Stockett