Re: 32 acres

Jeff,

That is good news about Leander.

Now for the stage. I would like to get it sold by the end of March. I have
about $225K invested in the stagecoach,
it looks like I need to get around $745K to breakeven.

I don't need the cash out right now so if I could get a personal guarantee
and Jaques Craig can
work out the partnership transfer, I would definitely be willing to carry a
second lien. I understand second liens are going for 10%-12%.
Checkout this spreadsheet.

These numbers should get the place sold in the next fifteen minutes.
However, I am very concerned about the way it is being shown. Having Lucy
show it is not a good idea. I need you to meet the buyers and take some
trips over to get more familar with the property. My dad doesn't have the
time and I don't trust
Lucy or Wade to show it correctly. I would prefer for you to show it from
now on.

I will have the operating statements complete through December by this
Friday.

Phillip