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h, our sales are slow, last year Apes Hill Club made $33 million net profit. However, because the cash flow was needed for continued development in Apes Hill, none of the money was brought back to Landmark. Obviously, if we have a completely integrated management staff and presently no income from our t
mation of this $5 million loan are justified, I will need to very quickly see if I can borrow $3 million to $5 million on the one-third security of Apes Hill and be able to keep the management team together for perhaps another year. If that is not possible, i will quickly reduce the staff to those necess
the housing crisis we only sold 21 houses 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 sp
h, our sales are slow, last year Apes Hill Club made $33 million net profit. However, because the cash flow was needed for continued development in Apes Hill, none of the money was brought back to Landmark. Obviously, if we have a completely integrated management staff and presently no income from our t
mation of this $5 million loan are justified, I will need to very quickly see if I can borrow $3 million to $5 million on the one-third security of Apes Hill and be able to keep the management team together for perhaps another year. If that is not possible, I will quickly reduce the staff to those necess
the housing crisis we only sold 21 houses 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 sp
mation of this $5 million loan are justified, I will need to very quickly see if I can borrow $3 million to $5 million on the one-third security of Apes Hill and be able to keep the management team together for perhaps another year. If that is not possible, I will quickly reduce the staff to those necess
h, our sales are slow, last year Apes Hill Club made $33 million net profit. However, because the cash flow was needed for continued development in Apes Hill, none of the money was brought back to Landmark. Obviously, if we have a completely integrated management staff and presently no income from our tw
the housing crisis we only sold 21 houses 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 sp
h, our sales are slow, last year Apes Hill Club made $33 million net profit. However, because the cash flow was needed for continued development in Apes Hill, none of the money was brought back to Landmark. Obviously, if we have a completely integrated management staff and presently no income from our tw
mation of this $5 million loan are justified, I will need to very quickly see if I can borrow $3 million to $5 million on the one- third security of Apes Hill and be able to keep the management team together for perhaps another year. If that is not possible, I will quickly reduce the staff to those necessa
the housing crisis we only sold 21 houses 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 sp
conversations with Martha and his analyst, I believe he would like to lend money to Landmark or to Apes Hill that was convertible into the stock of Apes Hill. I am confident that we will have disagreement of value, but I am also confident that the quality and acceptance, at the highest level, of the Apes
and 200+ members. There are approximately 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 a
ere is an Ocelot, and make it easier for us to proceed to get restrictions from Fish and Wildlife 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 Ap
tion of this $5 million loan are justified, I will need to ve=y quickly see if I can borrow $3 million to $5 million on the one-third=20 security of Apes Hill and be able to keep the management team togethe= for perhaps another year. If that is not possible, I will=20 quickly reduce the staff 4 EFTA_R1_0
our sales are slow, last year Apes Hill Club made $33 million=net profit. However, because the cash flow was needed for=20 continued development in Apes Hill, none of the money was brought bac= to Landmark. Obviously, if we have a completely integrated management staff and=20 presently no income from our
he housing crisis 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 spr
h, our sales are slow, last year Apes Hill Club made $33 millio= net profit. However, because the cash flow was needed for continued development in Apes Hill, none of the money w=s brought back to Landmark. O=viously, if we have a completely integrated management staff and presently no income from our
the housing crisis we only=sold 21 houses 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 sp
our sales are slow, last year Apes Hill Club made $33 million n=t profit. However, because the cash flow was needed for=20 continued development in Apes Hill, none of the money was brought back =o Landmark. Obviously, if we have a completely integrated management staff and presently no income from our tw
housing crisis we only sold 21 hou=es in 2008 and are doing only slightly better than that in 2009. =20 Therefore, the cash flow is not coming from South Padre to Landm=rk, but cash is going from Landmark to South Padre. Recentl= there was some sign of optimism, but in the short run, this may be a fa=se spr
h, our sales are slow, last year Apes Hill Club made $33 millio= net profit. However, because the cash flow was needed for continued development in Apes Hill, none of the money w=s brought back to Landmark. O=viously, if we have a completely integrated management staff and presently no income from our
the housing crisis we only=sold 21 houses 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 sp
Entities connected to both Apes Hill and South Padre

Barbados
LOCATION
Jeffrey Epstein
PERSON
Landmark
ORGANIZATIONSouth Padre Island
LOCATIONSt. Kitts
LOCATIONBarton
PERSONSt. Lucia
LOCATION
North Carolina
LOCATIONLewie Ranieri
PERSONLandmark Land Company, Inc.
ORGANIZATION
the Board of Directors
ORGANIZATIONGerald Barton
PERSONArcos Gardens
LOCATIONLake Presidential
LOCATIONApes Hill Club
ORGANIZATION
Golf Digest
ORGANIZATIONFour Seasons
ORGANIZATION
Ritz-Carlton
ORGANIZATIONthe Court of Claims
ORGANIZATION
Barry Diller
PERSON