Post by
BNPResources on Jun 03, 2018 2:29pm
BNP - May 2018 - Letter to Shareholders
RE: May 2018 - Letter to Shareholders Dear Shareholders: The purpose of this monthly letter is to bring BNP shareholders up to date, on issues and news, since the last letter. The following is a summary of business development activities and research for this month: 1. Planning field trip for the confidential Marthas Vineyard project in June. We will know by the end of the summer if this project is viable. 2. Looked at one hotel property for sale. Hope to complete the analysis during June - July 2018 and determine if an offer will be made. I have observed that municipal taxes are in the range of $1,000 - $1,500 per unit. I will start with Alberta hotel properties, followed by other Canadian hotels. If we cant find a financeable deal, in Canada, we will look towards the USA, possibly in California, Texas, Illinois or Michigan. 3. BNP Resources tax losses - Planning trip to Calgary over summer of 2018, to look for previous tax returns, and to provide previous tax filings to our accountant. 4. BNP Resources accounting - Will start review for 2013 accounting with our bookkeeper, estimated start date is Summer 2018. 5. The business climate is extremely strong in the USA, due to the Trump tax policies. This is not covered on CNN and the major news outlets.