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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
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
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
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
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
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
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
e fund run by Lewie Ranieri, and on a friendly basis, separated our relationship w=th 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 2=06, 170 in 2007, and in each of these
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
u=d run by Lewie Ranieri, and on a friendly basis, separated our relationsh=p with Lewie. In 2006 we invested $4 million to purchase=20 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
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
e fund run by Lewie Ranieri, and on a friendly basis, separated our relationship w=th 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 2=06, 170 in 2007, and in each of these
Entities connected to both Apes Hill and Apes Hill Club

Barbados
LOCATION
Jeffrey Epstein
PERSON
Landmark
ORGANIZATIONSt. Kitts
LOCATIONSouth Padre Island
LOCATIONSouth Padre
LOCATION
North Carolina
LOCATIONBarton
PERSONSt. Lucia
LOCATIONLewie Ranieri
PERSON
the Board of Directors
ORGANIZATIONGerald Barton
PERSONLake Presidential
LOCATION
Barry Diller
PERSON
South Texas
LOCATIONUpper Marlboro
LOCATION
Golf Digest
ORGANIZATIONFour Seasons
ORGANIZATION
Ritz-Carlton
ORGANIZATIONthe Court of Claims
ORGANIZATION