HLD Land Development Limited Partnership Units V.HLD.UN

Encumberd Contract Lots

[taguar]

I don't know anything more than anyone else (and plainly not nearly enough) so I am only speculating here but: Did anyone else notice all the "encumbrances" on the properties? The Falls and Chilliwack lots were worst. I think that encumbrances means charges or mortgages. Even though the market might be great I don't think we can excercise our contract option now because Blackburn has all the lots tied up with mortgages to finance their golf course. I am starting to see this Asset Grab offer as a close knit group who each bring something of value but to the benefit of Acquireco (it was supposed to be to the benefit of the Limited Partners)! So HLDlongtime have you got your shovel handy. What if Lanyard was one of Blackburn's financing sources. Do you think there might be a way (and an incentive in the instance the offer is accepted) to rearrange the Falls financing to provide some "clear title" HLD contract lots that could then be offered for profitable sale right away? If one of the owners of Acquireco was also a principal in a Mortgage Company with a niche is "specialized investment banking", do you think it might be possible, especially in this rising real estate market, to completely reconfigure Blackburn's debt, providing some more "clear tiltle" HLD contract lots, Or, on the other hand, do you think I am just some paranoid conspiricy theorist!