Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : AmeriResource Technologies (ARET) -- Ignore unavailable to you. Want to Upgrade?

To: Siber who wrote (4889)	12/23/1998 12:47:00 PM
From: Auricman	Read Replies (1) \| Respond to of 7609

I sold my meager position Tuesday morning after reading the filing at a substantial loss I might add. I just got tired of all the promises and not delivering the goods. February to me seems like an eternity

To: Siber who wrote (4889)	12/25/1998 7:24:00 AM
From: Mr. Jens Tingleff	Respond to of 7609

Helene, you have some unanswered questions in the post I respond to. As I have understood it: ARET/FAMC is administrating the initiation of the loans - Money providers are Freddie Mac and Washington Mutual - Insurance on the mortgages is PMI Mortgage Insurance. For this work FAMC will take some fees - Looking around it looks as if such fees are 2-2.5% of the total loan sum. Building materials for construction - When FAMC is "providing" the loan, then it should be no problem to obtain intermediate financing during the construction phase. Who is going to work for them? - As I see it ARET/TCC will have their foremen going out there and get local carpenters, plummers a.s.o. involved - The tribes idea is to get as much of the work done by locals as possible - ARET/TCC will supply the admin, blue-print, know-how and materials and get the revenue for this part - Again here the financing necessary isn't a problem as guarantees are connected with the single construction site and it's financing. ---------- Above is the basis for the biz-plan of ARET as I see it - Supports the good reason to bring FAMC in as a integrated part of ARET. My little vocab for the synergy here is: 1+2=4 - Get it ? Kr Jens