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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: scion who wrote (14895)	3/31/2005 3:43:46 PM
From: SEC-ond-chance	Respond to of 19428

That's a great deal, take a mortgage for a piece of property for 400,000 and declare it worth about 4 million "The timber value alone is above $5,000,000" but on their interim balance sheet its worth $3,554,000 (but who's counting anyway) The property has been purchased for $ 400,000.00 USD, on a 10 year payout with an interest rate of 2% rate over U.S. prime, without penalty for early retirement of loan. A general calculation of the select timber value alone on this land, is above $5,000,000.00 without consideration of other values, such as its other mineral, timber, and natural resources. otcstockinfo.com Fixed assets: Property & Equipment $427,675.00 Leasehold improvements $18,456.00 Timber Reserves $3,554,000.00 Total fixed assets $4,000,131.00 otcstockinfo.com