2nd Qtr SalesIf you have a look at Sedar, you can find the financial statements for HLD, up to June 30.
Highlights?
The Falls...During the second quarter of 2006, 11 lots were sold for $2,000,200.
Silver Spray...During the second quarter of 2006, 2 waterfront lots were sold for $1,338,000.
Sales for the second quarter were $3,338,000. The second quarter ran from April 1 to June 30. There were not any new expenses or debt, as they are prohibited by The Offer To Purchase.
Hmmmmmm, if I were MT and Lanyard, I would just wait a few more quarters. Sales of our lots can build up the bank account. Then the insiders can use our own cash to buy HLD from us. No need to borrow anything. Just wait.........
I'm curious......how many of you YES voters would agree to sell your house last March, with no set closing date, and major escape clauses for the buyer, which would leave you stuck with all of the legal bills from their unsolicited offer?