We flew
back
last
night
Jack
asked me
what I
knew
about
our
Corporation.
I know
only
what you
told me.
Jennie
has not
mentioned
it and I
haven't
asked.
You
traded
without
knowing
anything
about
it? You
told me
the
terms
and I
took
your
word, I
trust
you
Jack. Ok
a guy I
know
bought four
hundred
and
sixty
acres
west of
Miami it
is
covered
with
palm
trees
and
waterways.
Most of
the lots
had
water
access. He
put in
several
bridges, streets,
curbs,
and
gutters,
street
lights
and
street
signs
and all
the
underground
utilities.
He paid
five
million
several
years
ago then
he spent
eleven
million
getting
it to
the
point where I
described
to you.
He had a
partner
for
awhile
But the
partner
lost
everything
in the
stock
market
last
year and
forfeited
his
share, he failed
to pay
his half
to the
partnership investment and
it broke
the first
partner.
They put
all the
creditors
off
several
times
and they
completed
four
homes
for
models
and
started
ten more
homes.
They
hoped to
sell
their
way out.
Now they
had more
debts to
pay. The
court
wants
three
million
in
twenty
four
hours or
its
federal
prison. I
was in
court on
another
matter
and I
had just
heard
all of
his
case.
The
Judge
asked
the guy
if he
could
come up
with the
money
and he
said he
had
tried
everything
and
there
was no
way he
could.
The
Judge
told the
bailiff
to take
him to
custody,
I stood
up and
ask the
judge if
I
could speak
to him I
may find
the
money
for him.
Ok five
minutes.
I told
him if
I paid
the
three
million
he signs
it over
now in
front of
the
judge.
He said
Ok. I
gave the
court a
check
and the
judge
signed
the
property
to me
free and
clear.
At the
property
I found
a
realtor
in one
of the
models
and for
sale
signs
everywhere.
They had
several
offers
for the
lots and
the
models
he heard
the
company
was
going
broke.
So he
was there
trying
to
close a
deal. I
told him
I was
the new
owner
and I
just
paid
cash for
the
tract
and
everything
on it. I
showed
him the
papers
from the
court
and
he was
very
humble
to me
and was
willing
to do
anything
to help
me. We
are not
selling
lots at
all,
only
completed
homes. I
had him
send me
plans
for
everything
to New
York.
I asked
him to
have the
contractor contact
me and
he did.
Sally
and
Jennie
each put
in three
million
and we
completed
the ten
houses
and have
sold six
for
three
million
and the
four
models
for two
million.
There
are one
hundred
and
seventy
six lots
left to
build
on. You
own two
thirds
If you
sell
everything
in the
next two
years
you
could
make
around
forty
million
and
Jennie could
make
around
twenty
million.
Is that
not
fair to
everyone.
We all
make our
own
mistakes.
It's
called
business.
Never
look
back,
only
forward.
Jennie
knows
that
very
well.
She will
be very
happy
with it
any way
it turns
out. She
has her
initial
investment
back
already
and
every
thing
else is
pure
profit.
Today is
a good
day, I
am a
little
tired
from the
flight.
I called
Jennie
and
asked
her if
she has
seen the
Florida
property
and she
said no.
Would
you like
to go
with me
to see
it. Sure
she said
when?
whenever
you can
get us
tickets.
She
laughed
and said
she
would
let me
Know
when.........KB