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d been abandoned because of mismanagement and corruption, and we are at the contact stage of entering into agreement on a 5,000 acre development in North Carolina where the owners need management and they need the ability to attract some money on a last-in, first-out basis, and we are closely following a half
and on a friendly basis, separated our relationship with Lewie. In 2006 we invested $4 million to purchase one-third of Apes Hill Club, Barbados. South Padre Island proved a success in that we sold approximately 150 houses in 2005, 200 in 2006, 170 in 2007, and in each of these years had cash flow of $3 million
d been abandoned because of mismanagement and corruption, and we are at the contact stage of entering into agreement on a 5,000 acre development in North Carolina where the owners need management and they need the ability to attract some money on a last-in, first-out basis, and we are closely following a half
ime it paid its lawyers, court costs, and its debt of honor to directors, etc., it had approximately $4 million net remaining. In 2004 we purchased South Padre Island, our joint venture with the Lloyd Bentsen family in South Texas, from the fund run by Lewie Ranieri, and on a friendly basis, separated our relatio
d been abandoned because of mismanagement and corruption, and we are at the contact stage of entering into agreement on a 5,000 acre development in North Carolina where the owners need management and they need the ability to attract some money on a last-in, first-out basis, and we arc closely following a half
ime it paid its lawyers, court costs, and its debt of honor to directors, etc., it had approximately $4 million net remaining. In 2004 we purchased South Padre Island, our joint venture with the Lloyd Bentsen family in South Texas, from the fund run by Lewie Ranieri, and on a friendly basis, separated our relatio
d been abandoned because of mismanagement and corruption, and we are at the contact stage of entering into agreement on a 5,000 acre development in North Carolina where the owners need management and they need the ability to attract some money on a last-in, first-out basis, and we arc closely following a half
ime it paid its lawyers, court costs, and its debt of honor to directors, etc., it had approximately $4 million net remaining. In 2004 we purchased South Padre Island, our joint venture with the Lloyd Bentsen family in South Texas, from the fund run by Lewie Ranieri, and on a friendly basis, separated our relation
ad been abandoned because of mismanagement and corruption, and we are at the contact stage of entering i=to agreement on a 5,000 acre development in North Carolina where the owners ne=d management and they need the ability to attract some money on a last-in, first-out basis, and we are closely following a half
time it paid its lawyers, court costs, and its debt of honor to directors, etc., it had approximately $4 million net remaining. In 2004 we purchased South Padre Island, our joint venture with the =loyd Bentsen family in South Texas, from the fund run by Lewie Ranieri, and on a friendly basis, separated our relation
been abandoned because of mismanagement and=20 corruption, and we are at the contact stage of entering into agreement =n a 5,000 acre development in North Carolina where the owners need manageme=t and they need the ability to attract some money on a last-in, first-out=20 basis, and we are closely following a ha
time it paid its lawyers, court costs, a=d its debt of honor to directors, etc., it had approximately $4 million n=t remaining. In 2004 we purchased South Padre Island, our=20 joint venture with the Lloyd Bentsen family in South Texas, from the fu=d run by Lewie Ranieri, and on a friendly basis, separated our relat
ad been abandoned because of mismanagement and corruption, and we are at the contact stage of ente=ing into agreement on a 5,000 acre development in North Carolina where th= owners need management and they need the ability to attract some mone= on a last-in, first-out basis, and we are closely following a half
, and on a friendly basis, separate= our relationship with Lewie. In 2006 we invested $4 milli=n to purchase one-third of Apes Hill Club, Barbados. South Padre Island proved a success in that we sold approximately 150 houses in 2005, 200 in 2006, 170 in 2007, and in ea=h of these years had cash flow of $3 million
gement and corruption, and we are at the contact stage of entering i=to 2 EFTA_R1_01664850 EFTA02525224 agreement on a 5,000 acre development in North Carolina where the owners ne=d management and they need the ability to attract some money on a last-in, first-out basis, and we are closely following a half
time it paid its lawyers, court costs, and its debt of honor to directors, etc., it had approximately $4 million net remaining. In 2004 we purchased South Padre Island, our joint venture with the =loyd Bentsen family in South Texas, from the fund run by Lewie Ranieri, and on a friendly basis, separated our relation
its=20 obligations. Also in this time, we have entered into a contract, subject to financing, to acquire Bright's C=eek, a 5,000 acre development in North Carolina that I believe we discussed in our last meeting. Now I would like some of your time to get your thoughts on how I might best acquire Bright's Creek=
told you that my job was to find a way that Landmark could sustain its losses until the seco=d home market recovered in its two excellent projects, South Padre Island and=20 Barbados, and it had an opportunity to take advantage of the collapse of our industry and acquire and turn arou=d some major developments. O
its=20 obligations. Also in this time, we have entered into a contract, subject to financing, to acquire Bright's C=eek, a 5,000 acre development in North Carolina that I believe we discussed in our last meeting. Now I would like some of your time to get your thoughts on how I might best acquire Bright's Creek=
told you that my job was to find a way that Landmark could sustain its losses until the seco=d home market recovered in its two excellent projects, South Padre Island and=20 Barbados, and it had an opportunity to take advantage of the collapse of our industry and acquire and turn arou=d some major developments. O
Entities connected to both North Carolina and South Padre Island

Jeffrey Epstein
PERSON
Stephen Hawking
PERSON
Barry Diller
PERSON
Michael Douglas
PERSON
South
LOCATION
Barbados
LOCATION
Landmark
ORGANIZATIONSt. Kitts
LOCATIONSouth Padre
LOCATIONBarton
PERSON
South Texas
LOCATION
The Palm Beach Post
ORGANIZATIONApes Hill
LOCATION
the Board of Directors
ORGANIZATIONSt. Lucia
LOCATIONLewie Ranieri
PERSON
Ritz-Carlton
ORGANIZATIONFour Seasons
ORGANIZATION
Golf Digest
ORGANIZATIONthe Court of Claims
ORGANIZATION