Epstein Secrets

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

fund run by Lewie Ranieri, 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 yea

— 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

ldlife lifted from our most valuable property. In short, South Padre is like so much in our lives, long-term excellent, short-term a disaster. 2. Apes Hill Club — In January we had no contracts or reservations at Apes Hill. In February we had 6. We have projected 23 sales for the year. The last two weeks of

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

e fund run by Lewie Ranieri, 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 yea