RE:Payments to Captiva Verdeshneps wrote: The first cheque for $116,491 to PWR for Sage Ranch is due Monday.
I wonder if they pay it or PWR gets their interest percentage back in the net profits of Sage Ranch?
It isn't just the first payment, but all of the following monthly payments that they will have to make, with no cash balance to pay them. Even if Sage goes ahead eventually, and the potential of taking deposits, that is not in the near future. And I wonder even if they start getting deposits for houses, can they use that money for general purposes, or is that for actually building the houses?
Still far more questions that answers, and the company refuses to update their shareholders.