Epstein Secrets

er of Apes Hill Golf Club. It appears this momentum will continue into March, as the acceptance of our golf club is unprecedented in the history of Landmark. Those who have played it universally feel that it is the best in Barbados, the best in the Caribbean, and perhaps the best new golf course in the

pproximately 30 houses built and a little over 20 occupied. The owncrs have great faith in Landmark. They have visited Apes Hill in Barbados and if Landmark could find a little money, I believe we could raise the rest of it from the very affluent lot owners and members that already have a vested interes

e past is the truth, the truth, the truth. The purpose of this letter is to briefly 1. South Padre Island — The history review the operations of Landmark for February. of sales at South Padre Island since it began in 1999 are as follows: 1999 28 2000 70 2001 71 2002 63 2003 71 2004 108 2

— Now for the finale you have been waiting for — cash flow. The only substantial cash income that Landmark can achieve in the short run is sales in South Padre and fees from Barbados. Under the bank agreement in Barbados, we cannot declare a dividend until after the bank is fully repaid. So, in short

200 left to be built. After Lloyd Bentsen's death, we bought from his estate, at a very attractive price, his interest, and it is now owned 100% by Landmark. EFTA_R1_00202623 EFTA01827481 South Padre Island Development is on the right side of history in that it offers good value, in warm weather. on

esort community in development. While very few foreclosures have taken place to-date, on an average, they have sold for 10 cents on the dollar. 4. Landmark has: • the best reputation in the business, • the management team that created the reputation, and • $153 million tax loss that expires 2022.

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 Lloyd Bentsen family in South Texas, from the fund run by Lewie Ranieri, and on a friendly basis, separate

resort community in development. While very few foreclosures have taken place to-date, on an average, they have sold for 10 cents on the dollar. 4. Landmark has: • the best reputation in the business, • the management team that created the reputation, and • $153 million tax loss that expires 2022.

,200 left to be built. After Lloyd Bentsen's death, we bought from his estate, at a very attractive price, his interest, and it is now owned 100% by Landmark. EFTA_R1_01517543 EFTA02442518 South Padre Island Development is on the right side of history in that it offers good value, in warm weather. on

rs, 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 relationship with Lewie. In 2006 we invested $4 million to purchase

,200 left to be built. After Lloyd Bentsen's death, we bought from his estate, at a very attractive price, his interest, and it is now owned 100% by Landmark. South Padre Island Development is on the right side of history in that it offers good value, in warm weather. on the water for middle-class pre-re

resort community in development. While very few foreclosures have taken place to-date, on an average, they have sold for 10 cents on the dollar. 4. Landmark has: • the best reputation in the business, • the management team that created the reputation, and • $153 million tax loss that expires 2022. Up

rs, 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 relationship EFTA_R1_01517597 EFTA02442550 with Lewie. In 2006 w

22. Update of the Last 10 Years During the last 5 years of our fight with the government, because of Landmar.'s high quality environmental record, Landmark was invited by the Europe=n Union to develop the last great sand dune on the west coast of Ireland. We developed, on a fee basis, the Doonbeg Go=f C

is we only sold 21 h=uses in 2008 and are doing only slightly better than that in 2009. Therefore, the cash flow is not coming from South Padre to Landmark, but cash is going from Landmark to South Padre. Recently there was some sign of optimism, but in the short run= this may be a false spring. In the

s, etc., it had approximately=$4 million net remaining. In 2004 we purchased South Pad=e Island, our joint venture with the Lloyd Bentsen family in South Texa=, from the fund run by Lewie Ranieri, and on a friendly basis, separate= our relationship with Lewie. In 2006 we invested $4 milli=n to purchas