This is on the SLGP web site.

Important Notice

Dear Friends,

Seminole-Lake is my soul business and for as long as I lived, my intention was never to sell it.

Due to family problems and COVID-19 issues I must take a decision about its future, therefore I’m determined to sell half of the business. Given that I decided to transform SLG and the real estate into a shareholder company which total value is $3,000,000.

From the 20 shares that the company will have, each of $150,000, I plan to sell 50%.

I’ll guarantee all shareholders a profit of minimum 4% cash or 5% in services such as parking, hangar rent, glider rental or tows. All of the shareholders’ rights will be respected according to the US laws (to participate in shareholders’ meetings, to come forth and make decisions with regards to increase the business, investment policy, usage of active assets all in accordance to the law).

I plan to keep 50% of the shares and my representative will be Angelica-Mihaela Luculescu, who will be mandated to represent me within the limitations of a power of attorney.

I also wish to add that Ms. Luculescu intends to purchase the remaining 50% shares, however until we decide the formalities between ourselves, she will remain my representative at the shareholders meetings.

The sale of the shares will take place on March 31st, 2021. Until then everyone interested should sign up with the office. I wish to note that there will not be additional shares sold over the 50% limit. This idea will not come into fruition unless all of the 50% shares are sold.

I set this deadline for March 31st, 2021 so that until then there’s enough time for negotiations, registering and to provide the necessary information that will convince you to become partners in this business.

Mihai Tanjala

I find it strange that nobody would have controlling interest. Also, how do you guarantee a 4% profit?

On Friday, July 17, 2020 at 5:12:36 PM UTC-4, wrote:
> This is on the SLGP web site.
>
> Important Notice
>
> Dear Friends,
>
> Seminole-Lake is my soul business and for as long as I lived, my intention was never to sell it.
>
> Due to family problems and COVID-19 issues I must take a decision about its future, therefore I’m determined to sell half of the business. Given that I decided to transform SLG and the real estate into a shareholder company which total value is $3,000,000.
>
> From the 20 shares that the company will have, each of $150,000, I plan to sell 50%.
>
> I’ll guarantee all shareholders a profit of minimum 4% cash or 5% in services such as parking, hangar rent, glider rental or tows. All of the shareholders’ rights will be respected according to the US laws (to participate in shareholders’ meetings, to come forth and make decisions with regards to increase the business, investment policy, usage of active assets all in accordance to the law).
>
> I plan to keep 50% of the shares and my representative will be Angelica-Mihaela Luculescu, who will be mandated to represent me within the limitations of a power of attorney.
>
> I also wish to add that Ms. Luculescu intends to purchase the remaining 50% shares, however until we decide the formalities between ourselves, she will remain my representative at the shareholders meetings.
>
> The sale of the shares will take place on March 31st, 2021. Until then everyone interested should sign up with the office. I wish to note that there will not be additional shares sold over the 50% limit. This idea will not come into fruition unless all of the 50% shares are sold.
>
> I set this deadline for March 31st, 2021 so that until then there’s enough time for negotiations, registering and to provide the necessary information that will convince you to become partners in this business.
>
> Mihai Tanjala

I have some ocean front property in Arizona. would you like to swap?

On Friday, July 17, 2020 at 6:19:48 PM UTC-4, Christopher Schrader wrote:
> I find it strange that nobody would have controlling interest. Also, how do you guarantee a 4% profit?

Yes, a 50/50 ownership creates an impasse, not a good situation to be in business wise. Nice to know that "MS LUCULESCU" has a million and a half to buy the other 50 percent. Hope she has impeccable credit right now if she is going for a loan. Seems like just yesterday she was a "community college student." Four percent is more than I am getting on my cash right now. I thought Mihai had a number of other businesses back in Romania.

Walt

Is Seminole in Nigeria by any chance?

On Friday, July 17, 2020 at 6:45:34 PM UTC-4, wrote:
> On Friday, July 17, 2020 at 6:19:48 PM UTC-4, Christopher Schrader wrote:
> > I find it strange that nobody would have controlling interest. Also, how do you guarantee a 4% profit?
>
> Yes, a 50/50 ownership creates an impasse, not a good situation to be in business wise. Nice to know that "MS LUCULESCU" has a million and a half to buy the other 50 percent. Hope she has impeccable credit right now if she is going for a loan. Seems like just yesterday she was a "community college student." Four percent is more than I am getting on my cash right now. I thought Mihai had a number of other businesses back in Romania.
>
> Walt

What about a default agreement? Would that hold up in court if the property is confiscated by the US Marshall?

If Angelica-Mihaela Luculescu buys 50% of the shares, and the other 50% is sold to others, then Mihai Tanjala would own nothing.

How then can Tanjala guarantee a 4% return?

Google Ponzi.

That’s funny 😎

DC

On Friday, July 17, 2020 at 5:12:36 PM UTC-4, wrote:
> This is on the SLGP web site.
>
> Important Notice
>
> Dear Friends,
>
> Seminole-Lake is my soul business and for as long as I lived, my intention was never to sell it.
>
> Due to family problems and COVID-19 issues I must take a decision about its future, therefore I’m determined to sell half of the business. Given that I decided to transform SLG and the real estate into a shareholder company which total value is $3,000,000.
>
> From the 20 shares that the company will have, each of $150,000, I plan to sell 50%.
>
> I’ll guarantee all shareholders a profit of minimum 4% cash or 5% in services such as parking, hangar rent, glider rental or tows. All of the shareholders’ rights will be respected according to the US laws (to participate in shareholders’ meetings, to come forth and make decisions with regards to increase the business, investment policy, usage of active assets all in accordance to the law).
>
> I plan to keep 50% of the shares and my representative will be Angelica-Mihaela Luculescu, who will be mandated to represent me within the limitations of a power of attorney.
>
> I also wish to add that Ms. Luculescu intends to purchase the remaining 50% shares, however until we decide the formalities between ourselves, she will remain my representative at the shareholders meetings.
>
> The sale of the shares will take place on March 31st, 2021. Until then everyone interested should sign up with the office. I wish to note that there will not be additional shares sold over the 50% limit. This idea will not come into fruition unless all of the 50% shares are sold.
>
> I set this deadline for March 31st, 2021 so that until then there’s enough time for negotiations, registering and to provide the necessary information that will convince you to become partners in this business.
>
> Mihai Tanjala

Maybe the Romanian dictator should call Nevin Shapiro or Bernie Shapiro oe even Hunter Biden, they have enough cash to float a great deal.

On Sunday, July 19, 2020 at 4:52:53 PM UTC-4, Bob Youngblood wrote:
> On Friday, July 17, 2020 at 5:12:36 PM UTC-4, wrote:
> > This is on the SLGP web site.
> >
> > Important Notice
> >
> > Dear Friends,
> >
> > Seminole-Lake is my soul business and for as long as I lived, my intention was never to sell it.
> >
> > Due to family problems and COVID-19 issues I must take a decision about its future, therefore I’m determined to sell half of the business. Given that I decided to transform SLG and the real estate into a shareholder company which total value is $3,000,000.
> >
> > From the 20 shares that the company will have, each of $150,000, I plan to sell 50%.
> >
> > I’ll guarantee all shareholders a profit of minimum 4% cash or 5% in services such as parking, hangar rent, glider rental or tows. All of the shareholders’ rights will be respected according to the US laws (to participate in shareholders’ meetings, to come forth and make decisions with regards to increase the business, investment policy, usage of active assets all in accordance to the law).
> >
> > I plan to keep 50% of the shares and my representative will be Angelica-Mihaela Luculescu, who will be mandated to represent me within the limitations of a power of attorney.
> >
> > I also wish to add that Ms. Luculescu intends to purchase the remaining 50% shares, however until we decide the formalities between ourselves, she will remain my representative at the shareholders meetings.
> >
> > The sale of the shares will take place on March 31st, 2021. Until then everyone interested should sign up with the office. I wish to note that there will not be additional shares sold over the 50% limit. This idea will not come into fruition unless all of the 50% shares are sold.
> >
> > I set this deadline for March 31st, 2021 so that until then there’s enough time for negotiations, registering and to provide the necessary information that will convince you to become partners in this business.
> >
> > Mihai Tanjala
>
> Maybe the Romanian dictator should call Nevin Shapiro or Bernie Shapiro oe even Hunter Biden, they have enough cash to float a great deal. Bernie Madoff, sorry for the slip.

>
> What about a default agreement? Would that hold up in court if the property is confiscated by the US Marshall?

Obviously you would need to consult an attorney prior to any purchase such as this. I would not be overly concerned with Romania trying to secure the property if they have not already tried, I understand all is well with Mihai in the land of Vlad the Impaler according two one Naval Aviator. The bottom line is could you do better investing your 150K elsewhere and I think the answer is obvious. To match the market over time a 3 million dollar investment would have to be returning 300K per year profit. It would require a good look at the books.

Walt

On Sunday, July 19, 2020 at 2:29:54 PM UTC-4, Stephen Szikora wrote:
> Google Ponzi.

Not much chance of that, a Ponzi would require new and older investors over a period of time. Looks like this if done at all will be done at once. Will be interesting to see who if anyone buys into the deal, maybe Rich will become a 50/50 partner? The property owners on the field most likely have no need to buy in to support the operation as they should be protected contractually. The owner will have to maintain and operate the facility and if the economy goes to heck we all know how well such an operation would fare.

Walt

A Florida land deal. What could possibly go wrong?

On Monday, July 20, 2020 at 5:27:37 PM UTC-7, Shaun Wheeler wrote:
> A Florida land deal. What could possibly go wrong?

I am certain that Mr. Tanjala, being such an honest and upstanding citizen (of Romania) would gladly provide 5 years of audited financial statements, tax returns, and an appraisal of SGP by a certified business appraiser.

Tom

On Tuesday, July 21, 2020 at 10:07:49 PM UTC-4, 2G wrote:
> On Monday, July 20, 2020 at 5:27:37 PM UTC-7, Shaun Wheeler wrote:
> > A Florida land deal. What could possibly go wrong?
>
> I am certain that Mr. Tanjala, being such an honest and upstanding citizen (of Romania) would gladly provide 5 years of audited financial statements, tax returns, and an appraisal of SGP by a certified business appraiser.
>
> Tom

Just like the Commander in Tweet ?

On Tuesday, July 21, 2020 at 10:07:49 PM UTC-4, 2G wrote:
> On Monday, July 20, 2020 at 5:27:37 PM UTC-7, Shaun Wheeler wrote:
> > A Florida land deal. What could possibly go wrong?
>
> I am certain that Mr. Tanjala, being such an honest and upstanding citizen (of Romania) would gladly provide 5 years of audited financial statements, tax returns, and an appraisal of SGP by a certified business appraiser.
>
> Tom

It would be quite foolish for anyone to buy into ANY business without a thorough look at the books and I would suggest a Forensic Accountant and they ain't cheap. Problem for SLGP is the glider community is quite small and everyone knows everyone else. Whether what we have heard is true or not may be in question but perception is everything. If Mihai wants to sell it he is going to have to let it go CHEAP and I mean CHEAP.

It might make a nice RV/Trailer park but I'm sure there is a contractural requirement that it remains a GP as per the homeowners on the field. It was easier for Knut to make a go of it with his wife running the office as all he needed was a tow pilot or an instructor. Our Romanian friend on the other hand needs an entire staff as he can do little to nothing himself. Even in a vibrant economy it might be a bit of a stretch for someone to lay out 3 million for the place. The stock market would be a better choice. JMHO.

Walt

On Wednesday, July 22, 2020 at 11:40:10 AM UTC-4, wrote:
> On Tuesday, July 21, 2020 at 10:07:49 PM UTC-4, 2G wrote:
> > On Monday, July 20, 2020 at 5:27:37 PM UTC-7, Shaun Wheeler wrote:
> > > A Florida land deal. What could possibly go wrong?
> >
> > I am certain that Mr. Tanjala, being such an honest and upstanding citizen (of Romania) would gladly provide 5 years of audited financial statements, tax returns, and an appraisal of SGP by a certified business appraiser.
> >
> > Tom
>
> It would be quite foolish for anyone to buy into ANY business without a thorough look at the books and I would suggest a Forensic Accountant and they ain't cheap. Problem for SLGP is the glider community is quite small and everyone knows everyone else. Whether what we have heard is true or not may be in question but perception is everything. If Mihai wants to sell it he is going to have to let it go CHEAP and I mean CHEAP.
>
> It might make a nice RV/Trailer park but I'm sure there is a contractural requirement that it remains a GP as per the homeowners on the field. It was easier for Knut to make a go of it with his wife running the office as all he needed was a tow pilot or an instructor. Our Romanian friend on the other hand needs an entire staff as he can do little to nothing himself. Even in a vibrant economy it might be a bit of a stretch for someone to lay out 3 million for the place. The stock market would be a better choice. JMHO.
>
> Walt

The business valuation can easily be determined, net profit over a specific period could determine the goodwill. The next part would be FMV for plant and equipment. I honestly doubt that the value for all would come close to the asking price. My honest opinion is that if it were sold today it would be sold for a loss of the original purchase price.

On Wednesday, July 22, 2020 at 3:28:00 PM UTC-4, Bob Youngblood wrote:
> On Wednesday, July 22, 2020 at 11:40:10 AM UTC-4, wrote:
> > On Tuesday, July 21, 2020 at 10:07:49 PM UTC-4, 2G wrote:
> > > On Monday, July 20, 2020 at 5:27:37 PM UTC-7, Shaun Wheeler wrote:
> > > > A Florida land deal. What could possibly go wrong?
> > >
> > > I am certain that Mr. Tanjala, being such an honest and upstanding citizen (of Romania) would gladly provide 5 years of audited financial statements, tax returns, and an appraisal of SGP by a certified business appraiser.

On Wednesday, July 22, 2020 at 2:42:19 AM UTC-7, Rakel wrote:
> On Tuesday, July 21, 2020 at 10:07:49 PM UTC-4, 2G wrote:
> > On Monday, July 20, 2020 at 5:27:37 PM UTC-7, Shaun Wheeler wrote:
> > > A Florida land deal. What could possibly go wrong?
> >
> > I am certain that Mr. Tanjala, being such an honest and upstanding citizen (of Romania) would gladly provide 5 years of audited financial statements, tax returns, and an appraisal of SGP by a certified business appraiser.
> >
> > Tom
>
> Just like the Commander in Tweet ?

Sure, JUST like that!

On Monday, July 20, 2020 at 10:01:51 AM UTC-4, wrote:
> >
> > What about a default agreement? Would that hold up in court if the property is confiscated by the US Marshall?
>
> Obviously you would need to consult an attorney prior to any purchase such as this. I would not be overly concerned with Romania trying to secure the property if they have not already tried, I understand all is well with Mihai in the land of Vlad the Impaler according two one Naval Aviator. The bottom line is could you do better investing your 150K elsewhere and I think the answer is obvious. To match the market over time a 3 million dollar investment would have to be returning 300K per year profit. It would require a good look at the books.
>
> Walt
What about Craigslist or EBAY, I am sure that he could get some hits on those sites, or he could try JJ Wentworth, like he says, Need Cash!

On Friday, July 24, 2020 at 6:22:07 PM UTC-4, Bob Youngblood wrote:
> On Monday, July 20, 2020 at 10:01:51 AM UTC-4, wrote:
> > >
> > > What about a default agreement? Would that hold up in court if the property is confiscated by the US Marshall?
> >
> > Obviously you would need to consult an attorney prior to any purchase such as this. I would not be overly concerned with Romania trying to secure the property if they have not already tried, I understand all is well with Mihai in the land of Vlad the Impaler according two one Naval Aviator. The bottom line is could you do better investing your 150K elsewhere and I think the answer is obvious. To match the market over time a 3 million dollar investment would have to be returning 300K per year profit. It would require a good look at the books.
> >
> > Walt
> What about Craigslist or EBAY, I am sure that he could get some hits on those sites, or he could try JJ Wentworth, like he says, Need Cash!

I wonder how formal an issuance this is going to be? Is he going to file a Form S-1 with the SEC? He would have to issue an initial prospectus with an acknowledgment in RED LETTERS on the front noting that this prospectus is subject to change, yada yada. (This is from where the term Red Herring comes) Will the shares of stock be transferable to another? Would half the yearly receipts after taxes, operating expenses and reserve be distributed equally to the owners or do they just get their guaranteed 4%? Inquiring minds would like to know.

Walt

On Saturday, July 25, 2020 at 8:07:39 AM UTC-4, wrote:
> On Friday, July 24, 2020 at 6:22:07 PM UTC-4, Bob Youngblood wrote:
> > On Monday, July 20, 2020 at 10:01:51 AM UTC-4, wrote:
> > > >
> > > > What about a default agreement? Would that hold up in court if the property is confiscated by the US Marshall?
> > >
> > > Obviously you would need to consult an attorney prior to any purchase such as this. I would not be overly concerned with Romania trying to secure the property if they have not already tried, I understand all is well with Mihai in the land of Vlad the Impaler according two one Naval Aviator. The bottom line is could you do better investing your 150K elsewhere and I think the answer is obvious. To match the market over time a 3 million dollar investment would have to be returning 300K per year profit. It would require a good look at the books.
> > >
> > > Walt
> > What about Craigslist or EBAY, I am sure that he could get some hits on those sites, or he could try JJ Wentworth, like he says, Need Cash!
>
> I wonder how formal an issuance this is going to be? Is he going to file a Form S-1 with the SEC? He would have to issue an initial prospectus with an acknowledgment in RED LETTERS on the front noting that this prospectus is subject to change, yada yada. (This is from where the term Red Herring comes) Will the shares of stock be transferable to another? Would half the yearly receipts after taxes, operating expenses and reserve be distributed equally to the owners or do they just get their guaranteed 4%? Inquiring minds would like to know.
>
> Walt

Since it is a so called private offering the S-1 form probably would not apply. Maybe the Romanian could make it public with an IPO, but that would be subject to many rules that I would probably think that the Romanian would like to avoid. If business is down then he could host the Clermont Carnival on the runway and for a week or two in March have the runway filled with carnival rides and sell cotton candy and corn dogs with mustard. Just think how beautiful the runway would look with the marquee lights.

On Saturday, July 25, 2020 at 8:31:39 AM UTC-4, Bob Youngblood wrote:
> On Saturday, July 25, 2020 at 8:07:39 AM UTC-4, wrote:
> > On Friday, July 24, 2020 at 6:22:07 PM UTC-4, Bob Youngblood wrote:
> > > On Monday, July 20, 2020 at 10:01:51 AM UTC-4, wrote:
> > > > >
> > > > > What about a default agreement? Would that hold up in court if the property is confiscated by the US Marshall?
> > > >
> > > > Obviously you would need to consult an attorney prior to any purchase such as this. I would not be overly concerned with Romania trying to secure the property if they have not already tried, I understand all is well with Mihai in the land of Vlad the Impaler according two one Naval Aviator. The bottom line is could you do better investing your 150K elsewhere and I think the answer is obvious. To match the market over time a 3 million dollar investment would have to be returning 300K per year profit. It would require a good look at the books.
> > > >
> > > > Walt
> > > What about Craigslist or EBAY, I am sure that he could get some hits on those sites, or he could try JJ Wentworth, like he says, Need Cash!
> >
> > I wonder how formal an issuance this is going to be? Is he going to file a Form S-1 with the SEC? He would have to issue an initial prospectus with an acknowledgment in RED LETTERS on the front noting that this prospectus is subject to change, yada yada. (This is from where the term Red Herring comes) Will the shares of stock be transferable to another? Would half the yearly receipts after taxes, operating expenses and reserve be distributed equally to the owners or do they just get their guaranteed 4%? Inquiring minds would like to know.
> >
> > Walt
>
> Since it is a so called private offering the S-1 form probably would not apply. Maybe the Romanian could make it public with an IPO, but that would be subject to many rules that I would probably think that the Romanian would like to avoid. If business is down then he could host the Clermont Carnival on the runway and for a week or two in March have the runway filled with carnival rides and sell cotton candy and corn dogs with mustard. Just think how beautiful the runway would look with the marquee lights.

I have not seen where it is a private sale and it has been 30 years since I studied securities. (I took the six courses for CFP) What would make it private? A public sales is usually characterized by some meaningful advertisement making it known and open to the public, otherwise it could be characterized as a private sale. I wonder if a blurb on the SLGP web site is a meaningful advertisement?

Walt

On Saturday, July 25, 2020 at 11:17:04 AM UTC-7, wrote:
> On Saturday, July 25, 2020 at 8:31:39 AM UTC-4, Bob Youngblood wrote:
> > On Saturday, July 25, 2020 at 8:07:39 AM UTC-4, wrote:
> > > On Friday, July 24, 2020 at 6:22:07 PM UTC-4, Bob Youngblood wrote:
> > > > On Monday, July 20, 2020 at 10:01:51 AM UTC-4, wrote:
> > > > > >
> > > > > > What about a default agreement? Would that hold up in court if the property is confiscated by the US Marshall?
> > > > >
> > > > > Obviously you would need to consult an attorney prior to any purchase such as this. I would not be overly concerned with Romania trying to secure the property if they have not already tried, I understand all is well with Mihai in the land of Vlad the Impaler according two one Naval Aviator. The bottom line is could you do better investing your 150K elsewhere and I think the answer is obvious. To match the market over time a 3 million dollar investment would have to be returning 300K per year profit. It would require a good look at the books.
> > > > >
> > > > > Walt
> > > > What about Craigslist or EBAY, I am sure that he could get some hits on those sites, or he could try JJ Wentworth, like he says, Need Cash!
> > >
> > > I wonder how formal an issuance this is going to be? Is he going to file a Form S-1 with the SEC? He would have to issue an initial prospectus with an acknowledgment in RED LETTERS on the front noting that this prospectus is subject to change, yada yada. (This is from where the term Red Herring comes) Will the shares of stock be transferable to another? Would half the yearly receipts after taxes, operating expenses and reserve be distributed equally to the owners or do they just get their guaranteed 4%? Inquiring minds would like to know.
> > >
> > > Walt
> >
> > Since it is a so called private offering the S-1 form probably would not apply. Maybe the Romanian could make it public with an IPO, but that would be subject to many rules that I would probably think that the Romanian would like to avoid. If business is down then he could host the Clermont Carnival on the runway and for a week or two in March have the runway filled with carnival rides and sell cotton candy and corn dogs with mustard. Just think how beautiful the runway would look with the marquee lights.
>
> I have not seen where it is a private sale and it has been 30 years since I studied securities. (I took the six courses for CFP) What would make it private? A public sales is usually characterized by some meaningful advertisement making it known and open to the public, otherwise it could be characterized as a private sale. I wonder if a blurb on the SLGP web site is a meaningful advertisement?
>
> Walt

Oh, you can be sure it is legit because Mr. Tanjala said so.

Tom

On Sunday, July 26, 2020 at 1:06:47 AM UTC-4, 2G wrote:
> On Saturday, July 25, 2020 at 11:17:04 AM UTC-7, wrote:
> > On Saturday, July 25, 2020 at 8:31:39 AM UTC-4, Bob Youngblood wrote:
> > > On Saturday, July 25, 2020 at 8:07:39 AM UTC-4, wrote:
> > > > On Friday, July 24, 2020 at 6:22:07 PM UTC-4, Bob Youngblood wrote:
> > > > > On Monday, July 20, 2020 at 10:01:51 AM UTC-4, wrote:
> > > > > > >
> > > > > > > What about a default agreement? Would that hold up in court if the property is confiscated by the US Marshall?
> > > > > >
> > > > > > Obviously you would need to consult an attorney prior to any purchase such as this. I would not be overly concerned with Romania trying to secure the property if they have not already tried, I understand all is well with Mihai in the land of Vlad the Impaler according two one Naval Aviator. The bottom line is could you do better investing your 150K elsewhere and I think the answer is obvious. To match the market over time a 3 million dollar investment would have to be returning 300K per year profit. It would require a good look at the books.
> > > > > >
> > > > > > Walt
> > > > > What about Craigslist or EBAY, I am sure that he could get some hits on those sites, or he could try JJ Wentworth, like he says, Need Cash!
> > > >
> > > > I wonder how formal an issuance this is going to be? Is he going to file a Form S-1 with the SEC? He would have to issue an initial prospectus with an acknowledgment in RED LETTERS on the front noting that this prospectus is subject to change, yada yada. (This is from where the term Red Herring comes) Will the shares of stock be transferable to another? Would half the yearly receipts after taxes, operating expenses and reserve be distributed equally to the owners or do they just get their guaranteed 4%? Inquiring minds would like to know.
> > > >
> > > > Walt
> > >
> > > Since it is a so called private offering the S-1 form probably would not apply. Maybe the Romanian could make it public with an IPO, but that would be subject to many rules that I would probably think that the Romanian would like to avoid. If business is down then he could host the Clermont Carnival on the runway and for a week or two in March have the runway filled with carnival rides and sell cotton candy and corn dogs with mustard. Just think how beautiful the runway would look with the marquee lights.
> >
> > I have not seen where it is a private sale and it has been 30 years since I studied securities. (I took the six courses for CFP) What would make it private? A public sales is usually characterized by some meaningful advertisement making it known and open to the public, otherwise it could be characterized as a private sale. I wonder if a blurb on the SLGP web site is a meaningful advertisement?
> >
> > Walt
>
> Oh, you can be sure it is legit because Mr. Tanjala said so.
>
> Tom

As long as he said it was legit it probably isn't, just like ANRP, and Nitramonia Fagaras. I sure wold like to have that 4% on my idle cash, but something here stinks.

Does that come with free Tows?

On Sunday, July 26, 2020 at 9:50:12 AM UTC-4, Glidergeek wrote:
> Does that come with free Tows?

Free tows and caramel popcorn at the carnival.

On Sunday, July 26, 2020 at 4:46:16 AM UTC-7, Bob Youngblood wrote:
> On Sunday, July 26, 2020 at 1:06:47 AM UTC-4, 2G wrote:
> > On Saturday, July 25, 2020 at 11:17:04 AM UTC-7, wrote:
> > > On Saturday, July 25, 2020 at 8:31:39 AM UTC-4, Bob Youngblood wrote:
> > > > On Saturday, July 25, 2020 at 8:07:39 AM UTC-4, wrote:
> > > > > On Friday, July 24, 2020 at 6:22:07 PM UTC-4, Bob Youngblood wrote:
> > > > > > On Monday, July 20, 2020 at 10:01:51 AM UTC-4, wrote:
> > > > > > > >
> > > > > > > > What about a default agreement? Would that hold up in court if the property is confiscated by the US Marshall?
> > > > > > >
> > > > > > > Obviously you would need to consult an attorney prior to any purchase such as this. I would not be overly concerned with Romania trying to secure the property if they have not already tried, I understand all is well with Mihai in the land of Vlad the Impaler according two one Naval Aviator. The bottom line is could you do better investing your 150K elsewhere and I think the answer is obvious. To match the market over time a 3 million dollar investment would have to be returning 300K per year profit. It would require a good look at the books.
> > > > > > >
> > > > > > > Walt
> > > > > > What about Craigslist or EBAY, I am sure that he could get some hits on those sites, or he could try JJ Wentworth, like he says, Need Cash!
> > > > >
> > > > > I wonder how formal an issuance this is going to be? Is he going to file a Form S-1 with the SEC? He would have to issue an initial prospectus with an acknowledgment in RED LETTERS on the front noting that this prospectus is subject to change, yada yada. (This is from where the term Red Herring comes) Will the shares of stock be transferable to another? Would half the yearly receipts after taxes, operating expenses and reserve be distributed equally to the owners or do they just get their guaranteed 4%? Inquiring minds would like to know.
> > > > >
> > > > > Walt
> > > >
> > > > Since it is a so called private offering the S-1 form probably would not apply. Maybe the Romanian could make it public with an IPO, but that would be subject to many rules that I would probably think that the Romanian would like to avoid. If business is down then he could host the Clermont Carnival on the runway and for a week or two in March have the runway filled with carnival rides and sell cotton candy and corn dogs with mustard. Just think how beautiful the runway would look with the marquee lights.
> > >
> > > I have not seen where it is a private sale and it has been 30 years since I studied securities. (I took the six courses for CFP) What would make it private? A public sales is usually characterized by some meaningful advertisement making it known and open to the public, otherwise it could be characterized as a private sale. I wonder if a blurb on the SLGP web site is a meaningful advertisement?
> > >
> > > Walt
> >
> > Oh, you can be sure it is legit because Mr. Tanjala said so.
> >
> > Tom
>
> As long as he said it was legit it probably isn't, just like ANRP, and Nitramonia Fagaras. I sure wold like to have that 4% on my idle cash, but something here stinks.

I guess I have to spell it out: my replies to this are "tongue deeply in cheek" as I have been threatened in the past with legal action by Tanjala'a lawyer.

Tom

Maybe the Owner should try to sell the assets and a reasonable degree of goodwill to a consortium at fair market value? If you can't afford to own it outright maybe you shouldn't control it or propose an impasse.

As a Florida Native I would hate to see this gliderport close its doors and become another sleepy airport community (unless it were a gliding community open to visitors).

- Chris Schrader

On Monday, July 27, 2020 at 1:02:15 PM UTC-4, Christopher Schrader wrote:
> Maybe the Owner should try to sell the assets and a reasonable degree of goodwill to a consortium at fair market value? If you can't afford to own it outright maybe you shouldn't control it or propose an impasse.
>
> As a Florida Native I would hate to see this gliderport close its doors and become another sleepy airport community (unless it were a gliding community open to visitors).
>
> - Chris Schrader

Chris, we would all hate to lose another flying site, and or gliderport. Probably the outright sale would be the way to go, make for a way less complicated management. I am sure that you remember the good ole days in Miami traveling up from the Keys with your dad to fly at the old Kendall Gliderport.. Not long after your flying days there off 168 street things changed and eventually closed, everyone was scrambling for a new place to fly. There was another commercial flying site in Indiantown, Bill Malone, a local aerial applicator provided tows and glider rental. The place was sold and gliders have never returned and are not welcome. Same situation at North County Airport, the glider operation was closed and never reopened. Same thing with Arcadia, and Labelle was pretty much dismantled after Tom's tragic accident.
I know that just about most old timers like myself can recall the same things happening to some of the gliderports that they once visited or flew out of. I for one have enjoyed my sailplane activity for many years, and have worked hard to carry the torch so to speak.

On Monday, July 27, 2020 at 1:02:15 PM UTC-4, Christopher Schrader wrote:
> Maybe the Owner should try to sell the assets and a reasonable degree of goodwill to a consortium at fair market value? If you can't afford to own it outright maybe you shouldn't control it or propose an impasse.
>
> As a Florida Native I would hate to see this gliderport close its doors and become another sleepy airport community (unless it were a gliding community open to visitors).
>
> - Chris Schrader

The key is finding a consortium willing to buy the property and business. In an economy such as the one we are now facing there is less disposable income and therefore less participation in many endeavors, soaring and gliding being among them. Any real attempt at selling part or all of SLGP will need to wait until the economy comes back unless one is willing to sell at a significantly depressed price.

What really confused me during my several years participating as a student, a rental pilot, a volunteer hooking up and launching gliders and later 2 years and 8 months as tow pilot was a lack of any significant attempt at marketing the business. I lived in Orlando for 30 years before I heard of SLGP and that was by accident. With the exception of Mihai's oldest daughter who seemed to at least attempt to market the facility locally I saw little else done. Yes, they have an ad in Soaring Magazine and a web site, passive at best. Having done rotations in the marketing department of a multibillion dollar, multinational corporation (25 years at Novartis) I learned the importance of knowing your target audience and how to influence them. It doesn't matter how big or small your company is, without marketing you will be floundering. I identified 3 target audiences that could have been exploited but this fell on deaf ears. Sure, it would have taken a few bucks but no bucks, no Buck Rogers. The helicopter flight school I attend constantly advertises their rides and school on a local TV channel and it is quite effective. The owner has an MBA, go figure.

Walt

Bob, I agree , we can not loose this site. Last 2 managers made this site the best in US.
We know 2 proven managers, looks like we have many industrial real estate experts /pilots who could help as volunteers, site should be purchased by all of us., SSA, NSF, NAA.
Every respected gliding country has national gliding training center.
Are we 3 worlds country ?
Pls. try to be positive, and be respectful for people who worked so hard to made this site way better after mr. Knut sold it.
Our SSA headquaters should move there, and National Soaring Fundation should move there.
All of you who think can help with the technical part of the purchase should be harnessed , and I hope $2mil+ should be negotiated.
I would only buy brick or 2 of $500 if we have Andreea or Rich running the place.
Bricks : could be ; T glidr open hangar, 20 bricks, maybe , I dont know ? Rich can figure it out.
Point is, this is the only competition in US my wife is willing to to go with me.
It is run perfect now.
Thx to Rich and Andreea.
Love my friends.
Ryszard Krolikowski

On Tuesday, August 4, 2020 at 9:29:19 PM UTC-7, RW wrote:
> Bob, I agree , we can not loose this site. Last 2 managers made this site the best in US.
> We know 2 proven managers, looks like we have many industrial real estate experts /pilots who could help as volunteers, site should be purchased by all of us., SSA, NSF, NAA.
> Every respected gliding country has national gliding training center.
> Are we 3 worlds country ?
> Pls. try to be positive, and be respectful for people who worked so hard to made this site way better after mr. Knut sold it.
> Our SSA headquaters should move there, and National Soaring Fundation should move there.
> All of you who think can help with the technical part of the purchase should be harnessed , and I hope $2mil+ should be negotiated.
> I would only buy brick or 2 of $500 if we have Andreea or Rich running the place.
> Bricks : could be ; T glidr open hangar, 20 bricks, maybe , I dont know ? Rich can figure it out.
> Point is, this is the only competition in US my wife is willing to to go with me.
> It is run perfect now.
> Thx to Rich and Andreea.
> Love my friends.
> Ryszard Krolikowski

What a terrific idea - doing business with a convicted international criminal, what could go wrong?

Tom

At 04:29 05 August 2020, RW wrote:
>Bob, I agree , we can not loose this site. Last 2 managers made this
site
>the best in US.
>We know 2 proven managers, looks like we have many industrial real
estate
>experts /pilots who could help as volunteers, site should be purchased
by
>all of us., SSA, NSF, NAA.
>Every respected gliding country has national gliding training center.
>Are we 3 worlds country ?
>Pls. try to be positive, and be respectful for people who worked so
hard
>to made this site way better after mr. Knut sold it.
>Our SSA headquaters should move there, and National Soaring
Fundation
>should move there.
>All of you who think can help with the technical part of the purchase
>should be harnessed , and I hope $2mil+ should be negotiated.
>I would only buy brick or 2 of $500 if we have Andreea or Rich running
the
>place.
>Bricks : could be ; T glidr open hangar, 20 bricks, maybe , I dont
know ?
>Rich can figure it out.
>Point is, this is the only competition in US my wife is willing to to go
>with me.
>It is run perfect now.
>Thx to Rich and Andreea.
>Love my friends.
>Ryszard Krolikowski
>
>

I believe there is a very famous gliderport in the north east which has
been for sale for quite a while, it has ridge, wave, thermal lift and the
distinction of being the launching point for many world and national
records - and owned by people who as far as I am aware have helped
develop soaring in the USA and are a honest as the day is long - so tell
me why Seminole is so special it should justify what you have proposed
above.

On Wednesday, August 5, 2020 at 2:45:04 AM UTC-4, Paul T wrote:
> At 04:29 05 August 2020, RW wrote:
> >Bob, I agree , we can not loose this site. Last 2 managers made this
> site
> >the best in US.
> >We know 2 proven managers, looks like we have many industrial real
> estate
> >experts /pilots who could help as volunteers, site should be purchased
> by
> >all of us., SSA, NSF, NAA.
> >Every respected gliding country has national gliding training center.
> >Are we 3 worlds country ?
> >Pls. try to be positive, and be respectful for people who worked so
> hard
> >to made this site way better after mr. Knut sold it.
> >Our SSA headquaters should move there, and National Soaring
> Fundation
> >should move there.
> >All of you who think can help with the technical part of the purchase
> >should be harnessed , and I hope $2mil+ should be negotiated.
> >I would only buy brick or 2 of $500 if we have Andreea or Rich running
> the
> >place.
> >Bricks : could be ; T glidr open hangar, 20 bricks, maybe , I dont
> know ?
> >Rich can figure it out.
> >Point is, this is the only competition in US my wife is willing to to go
> >with me.
> >It is run perfect now.
> >Thx to Rich and Andreea.
> >Love my friends.
> >Ryszard Krolikowski
> >
> >
>
> I believe there is a very famous gliderport in the north east which has
> been for sale for quite a while, it has ridge, wave, thermal lift and the
> distinction of being the launching point for many world and national
> records - and owned by people who as far as I am aware have helped
> develop soaring in the USA and are a honest as the day is long - so tell
> me why Seminole is so special it should justify what you have proposed
> above.

Well, for one thing you can lay out semi naked by the pool in December and produce some vitamin D.

Walt

On Wednesday, August 5, 2020 at 12:29:19 AM UTC-4, RW wrote:
> Bob, I agree , we can not loose this site. Last 2 managers made this site the best in US.
> We know 2 proven managers, looks like we have many industrial real estate experts /pilots who could help as volunteers, site should be purchased by all of us., SSA, NSF, NAA.
> Every respected gliding country has national gliding training center.
> Are we 3 worlds country ?
> Pls. try to be positive, and be respectful for people who worked so hard to made this site way better after mr. Knut sold it.
> Our SSA headquaters should move there, and National Soaring Fundation should move there.
> All of you who think can help with the technical part of the purchase should be harnessed , and I hope $2mil+ should be negotiated.
> I would only buy brick or 2 of $500 if we have Andreea or Rich running the place.
> Bricks : could be ; T glidr open hangar, 20 bricks, maybe , I dont know ? Rich can figure it out.
> Point is, this is the only competition in US my wife is willing to to go with me.
> It is run perfect now.
> Thx to Rich and Andreea.
> Love my friends.
> Ryszard Krolikowski

I'm willing to bet that if you waived 2 million dollars under Mihai's nose right now he would break your hand taking it. In my personal (and Constitutionally protected) opinion it looks like Mihai is in need of a cash infusion. I could be wrong, it has happened in the past but it was a rare occurrence. I understood that he had several businesses back in Romania and elsewhere that needed his attention (ergo his return to the land of Vlad the Impaler) but then he says that SLGP is his "soul" business. Perhaps as part of his act of contrition to Romania he no longer has his other businesses? Inquiring minds want to know.

I doubt if Rich is still playing "vice Prez" for free. Ms. Luculescu told me she worked there for a year for FREE so it appears that Mihai had the payroll under control. (Unless there was a quid pro quo upon return to the motherland) The perfect minimum staff would be lead by a qualified Tow Pilot, CFIG, A&P, IA, E-I-E-I-O along with another tow pilot and instructor, perhaps more if the capacity utilization of the facility was brought up to speed. One might also consider a youngster, line boy, gopher aircraft washer, grass cutter for staging and hookups paid for by flying lessons...I would have jumped all over that position as a kid. SLGP does have potential but needs seasonal marketing (at least) to make the slow months more profitable..

I would hope by now that they have spiffed up the training gliders, new paint, UPHOLSTERY and the like. I realize that sign out on 33 is limited by county regulations as to size but it might just say "GLIDER RIDES" in big red letters with an arrow pointing down the road?

These are just my personal observations and Constitutionally protected opinions and not meant to disparage any individual or group. Soar on my friends and remember....DON'T KILL THE TOW PILOT.

WALT

>
>Well, for one thing you can lay out semi naked by the pool in December
and
>produce some vitamin D.
>
>Walt
>

lots of places you can do that -doesn't make it a great gliding site though
-
and I think in the USA there are other places with far better soaring
potential than Seminole - which is probably what you want in a 'national
soaring center'.

On Wednesday, August 5, 2020 at 8:15:05 AM UTC-4, Paul T wrote:
> >
> >Well, for one thing you can lay out semi naked by the pool in December
> and
> >produce some vitamin D.
> >
> >Walt
> >
>
> lots of places you can do that -doesn't make it a great gliding site though
> -
> and I think in the USA there are other places with far better soaring
> potential than Seminole - which is probably what you want in a 'national
> soaring center'.

I was making the comparison to a very famous glider port in the NE. I doubt if you can lay out in the sun, semi naked in December there. While I could care less if there was a national soaring center at SLGP the fact remains that the weather is flyable year round and the vacation advantages of the Orlando area are hard to beat. Any business that must hibernate for several months each year is unattractive. What SLGP needs is aggressive management and marketing and it will flourish. All this being said, unless the buyer is passionate about soaring there are other places in which one can put their money and receive a greater return. My guess is that Mihai is and will be stuck with the place for some time to come.

Walt

On Wednesday, August 5, 2020 at 5:33:17 AM UTC-7, wrote:
> On Wednesday, August 5, 2020 at 8:15:05 AM UTC-4, Paul T wrote:
> > >
> > >Well, for one thing you can lay out semi naked by the pool in December
> > and
> > >produce some vitamin D.
> > >
> > >Walt
> > >
> >
> > lots of places you can do that -doesn't make it a great gliding site though
> > -
> > and I think in the USA there are other places with far better soaring
> > potential than Seminole - which is probably what you want in a 'national
> > soaring center'.
>
> I was making the comparison to a very famous glider port in the NE. I doubt if you can lay out in the sun, semi naked in December there. While I could care less if there was a national soaring center at SLGP the fact remains that the weather is flyable year round and the vacation advantages of the Orlando area are hard to beat. Any business that must hibernate for several months each year is unattractive. What SLGP needs is aggressive management and marketing and it will flourish. All this being said, unless the buyer is passionate about soaring there are other places in which one can put their money and receive a greater return. My guess is that Mihai is and will be stuck with the place for some time to come.
>
> Walt

Certainly as long as Google is in business and any prospective buyer has the ability to google "Mihai Tanjala"

On Wednesday, August 5, 2020 at 7:10:08 AM UTC-4, wrote:
> Well, for one thing you can lay out semi naked by the pool in December and produce some vitamin D.
>
> Walt

You can do that in PA, too plus you can do some ice-skating on that pool! It all depends on your tolerance to low temperature! ;-)

But in all seriousness - Ridge Soaring in PA is a terrific place to fly out of and I miss going there!

Uli
'AS'

On Wednesday, August 5, 2020 at 10:37:51 AM UTC-4, AS wrote:
> On Wednesday, August 5, 2020 at 7:10:08 AM UTC-4, wrote:
> > Well, for one thing you can lay out semi naked by the pool in December and produce some vitamin D.
> >
> > Walt
>
> You can do that in PA, too plus you can do some ice-skating on that pool! It all depends on your tolerance to low temperature! ;-)
>
> But in all seriousness - Ridge Soaring in PA is a terrific place to fly out of and I miss going there!
>
> Uli
> 'AS'

I have been to PA in the winter time, I used to refuel nuclear power plants, Limerick, Beaver Valley, Susquehanna all have had shut downs in the winter for refueling. YOU might lay out semi naked in the winter but most people would prefer Central Fla.

Walt

Hi Walt. From another former tow pilot. Seminole was doing a rip-roaring business until covid-19 hit. There's money being made there. It's just not being spent where it should be.

On Wednesday, August 5, 2020 at 2:01:48 PM UTC-4, wrote:
> Hi Walt. From another former tow pilot. Seminole was doing a rip-roaring business until covid-19 hit. There's money being made there. It's just not being spent where it should be.

Please explain to me how you can service a 3 million debt load with the revenue from a facility like SLGP, I did learn a little bit in grad school.
I have changed the name from Seminole Lake Glider Port to Straight Line Glider Port, they don't fly many triangles, just up and down hwy27. Bob

Every day of The Seniors was a 300+k polygon

On Wednesday, August 5, 2020 at 11:17:13 PM UTC-4, wrote:
> Every day of The Seniors was a 300+k polygon

3-9 144 fai-KM
3-10 58
3-11 271
3-12 325 Triangle distance Ken S. nice triangle
3-13 235
3-14 196
3-15 234
3-16 6
3-17 128
From OLC triangle distance daily scores.

On Wednesday, August 5, 2020 at 2:01:48 PM UTC-4, wrote:
> Hi Walt. From another former tow pilot. Seminole was doing a rip-roaring business until covid-19 hit. There's money being made there. It's just not being spent where it should be.

Karen, Rip-roaring is a very subjective term. It was "sporadically" rip roaring while I was there but much of the time there was stagnation. "Capacity utilization" is a measurement capable of being applied to most businesses to determine success. Rip-roaring is nice if it is sustainable. I would define rip-roaring as meeting all the operational cost and throwing off significant profit to match or exceed other forms of investments. Yes, even the stock market has its ups and downs but over time it achieves an 11 percent ROI. Is SLGP doing that?

The fact that as you say the money is just not being spent where it should be is very telling. (Don't let Rich hear you say that) I had to get real with the owner to order a mixture cable two weeks after it was requested. When I asked the "girls" when we might expect delivery they told me they didn't order it. The reason was unacceptable to me. Neglect can lead to serious consequences.

Yes, SLGP has potential but it needs proper and professional management. You cant hamstring a manager and expect things to run smoothly. Clif was about as close to a perfect manager as you can get, knows the business, can do it all. Guys like that need to be retained and retention means paying the piper. One cannot be expected to "look the other way" all the time.

Walt

They were not playing OLC. Or Condor.

On Wednesday, August 5, 2020 at 11:01:48 AM UTC-7, wrote:
> Hi Walt. From another former tow pilot. Seminole was doing a rip-roaring business until covid-19 hit. There's money being made there. It's just not being spent where it should be.

That is pure speculation. SLGP has not released any financials, let alone audited financials, whatsoever so we don't even know if SLGP has been profitable and for which years, or by how much. These are essential for any serious investor - omitting them means this is just a trial balloon to test how many suckers there are out there.

Tom

On Friday, August 7, 2020 at 11:25:04 AM UTC-4, 2G wrote:
> On Wednesday, August 5, 2020 at 11:01:48 AM UTC-7, wrote:
> > Hi Walt. From another former tow pilot. Seminole was doing a rip-roaring business until covid-19 hit. There's money being made there. It's just not being spent where it should be.
>
> That is pure speculation. SLGP has not released any financials, let alone audited financials, whatsoever so we don't even know if SLGP has been profitable and for which years, or by how much. These are essential for any serious investor - omitting them means this is just a trial balloon to test how many suckers there are out there.
>
> Tom

SLGP would not be obligated to release any financial information to anyone other than those buying in. Of course it would be most prudent to have on your side a Business/Real Estate lawyer and of course have your own accountant do a complete audit of the books to establish profitability. I would assume that one would be sharing in the profits at the end of the quarter/year commensurate with their percentage of ownership, perhaps along with the four percent dividend that Mihai guarantees? If NOT then in my Constitutionally protected opinion it would be stupid to purchase any shares. The real telling point will be how many shares RICH buys.

Walt

If you do not control anything how can you guarantee a return?

On Saturday, August 8, 2020 at 5:44:30 AM UTC-7, wrote:
> On Friday, August 7, 2020 at 11:25:04 AM UTC-4, 2G wrote:
> > On Wednesday, August 5, 2020 at 11:01:48 AM UTC-7, wrote:
> > > Hi Walt. From another former tow pilot. Seminole was doing a rip-roaring business until covid-19 hit. There's money being made there. It's just not being spent where it should be.
> >
> > That is pure speculation. SLGP has not released any financials, let alone audited financials, whatsoever so we don't even know if SLGP has been profitable and for which years, or by how much. These are essential for any serious investor - omitting them means this is just a trial balloon to test how many suckers there are out there.
> >
> > Tom
> SLGP would not be obligated to release any financial information to anyone other than those buying in. Of course it would be most prudent to have on your side a Business/Real Estate lawyer and of course have your own accountant do a complete audit of the books to establish profitability. I would assume that one would be sharing in the profits at the end of the quarter/year commensurate with their percentage of ownership, perhaps along with the four percent dividend that Mihai guarantees? If NOT then in my Constitutionally protected opinion it would be stupid to purchase any shares. The real telling point will be how many shares RICH buys.
>
> Walt

The very brief offering (sets a record for the shortest prospectus I have ever read) makes no mention of disclosing financials to prospective buyers, only a vague mention of a 4% rate of return. This, in itself, raises concerns: how can any business partnership guarantee a rate of return, especially in the very uncertain times we are in now? This is commonly done in closed-end funds by selling principle to generate cash payments to shareholders, but that would mean selling assets such as aircraft or hangars for SLGP. It sounds more like an aspiration than a guarantee. And then there is the bizarre statement that SLGP will follow all US laws as if that is optional. I strongly urge anyone who is interested in investing in SLGP demand to see audited financials (I doubt that any audit has been performed, but do not know), and unaudited financials should be viewed with a strong dose of skepticism.

Tom

On Sunday, August 9, 2020 at 8:48:13 PM UTC-4, 2G wrote:
> On Saturday, August 8, 2020 at 5:44:30 AM UTC-7, wrote:
> > On Friday, August 7, 2020 at 11:25:04 AM UTC-4, 2G wrote:
> > > On Wednesday, August 5, 2020 at 11:01:48 AM UTC-7, wrote:
> > > > Hi Walt. From another former tow pilot. Seminole was doing a rip-roaring business until covid-19 hit. There's money being made there. It's just not being spent where it should be.
> > >
> > > That is pure speculation. SLGP has not released any financials, let alone audited financials, whatsoever so we don't even know if SLGP has been profitable and for which years, or by how much. These are essential for any serious investor - omitting them means this is just a trial balloon to test how many suckers there are out there.
> > >
> > > Tom
> > SLGP would not be obligated to release any financial information to anyone other than those buying in. Of course it would be most prudent to have on your side a Business/Real Estate lawyer and of course have your own accountant do a complete audit of the books to establish profitability. I would assume that one would be sharing in the profits at the end of the quarter/year commensurate with their percentage of ownership, perhaps along with the four percent dividend that Mihai guarantees? If NOT then in my Constitutionally protected opinion it would be stupid to purchase any shares. The real telling point will be how many shares RICH buys.
> >
> > Walt
>
> The very brief offering (sets a record for the shortest prospectus I have ever read) makes no mention of disclosing financials to prospective buyers, only a vague mention of a 4% rate of return. This, in itself, raises concerns: how can any business partnership guarantee a rate of return, especially in the very uncertain times we are in now? This is commonly done in closed-end funds by selling principle to generate cash payments to shareholders, but that would mean selling assets such as aircraft or hangars for SLGP. It sounds more like an aspiration than a guarantee. And then there is the bizarre statement that SLGP will follow all US laws as if that is optional. I strongly urge anyone who is interested in investing in SLGP demand to see audited financials (I doubt that any audit has been performed, but do not know), and unaudited financials should be viewed with a strong dose of skepticism.
>
> Tom

While this does resemble a closed end fund type of transaction simply in that there are a limited number of shares being offered, these will most likely not be sophisticated venture capitalists stepping in to buy. Pursuing a public listing is a very expensive option and very demanding in terms of legal, auditing, and disclosure requirements. I'm not sure that is what he is trying to do but a prudent investor as I have said would insist on an audit by an independent concern. Looks like an attempt to raise some cash and maintain status as an owner until Ms LUCULESCU pays off her loan which appears to be thru him. Okay, I'm in for the same number of shares that Rich buys BUT the investors must be granted 51% ownership and even at that I can see lots of ways this situation could be problematic. Just my humble and Constitutionally protected opinion.

Walt

On Monday, August 10, 2020 at 9:30:30 AM UTC-4, wrote:
> On Sunday, August 9, 2020 at 8:48:13 PM UTC-4, 2G wrote:
> > On Saturday, August 8, 2020 at 5:44:30 AM UTC-7, wrote:
> > > On Friday, August 7, 2020 at 11:25:04 AM UTC-4, 2G wrote:
> > > > On Wednesday, August 5, 2020 at 11:01:48 AM UTC-7, wrote:
> > > > > Hi Walt. From another former tow pilot. Seminole was doing a rip-roaring business until covid-19 hit. There's money being made there. It's just not being spent where it should be.
> > > >
> > > > That is pure speculation. SLGP has not released any financials, let alone audited financials, whatsoever so we don't even know if SLGP has been profitable and for which years, or by how much. These are essential for any serious investor - omitting them means this is just a trial balloon to test how many suckers there are out there.
> > > >
> > > > Tom
> > > SLGP would not be obligated to release any financial information to anyone other than those buying in. Of course it would be most prudent to have on your side a Business/Real Estate lawyer and of course have your own accountant do a complete audit of the books to establish profitability. I would assume that one would be sharing in the profits at the end of the quarter/year commensurate with their percentage of ownership, perhaps along with the four percent dividend that Mihai guarantees? If NOT then in my Constitutionally protected opinion it would be stupid to purchase any shares. The real telling point will be how many shares RICH buys.
> > >
> > > Walt
> >
> > The very brief offering (sets a record for the shortest prospectus I have ever read) makes no mention of disclosing financials to prospective buyers, only a vague mention of a 4% rate of return. This, in itself, raises concerns: how can any business partnership guarantee a rate of return, especially in the very uncertain times we are in now? This is commonly done in closed-end funds by selling principle to generate cash payments to shareholders, but that would mean selling assets such as aircraft or hangars for SLGP.. It sounds more like an aspiration than a guarantee. And then there is the bizarre statement that SLGP will follow all US laws as if that is optional.. I strongly urge anyone who is interested in investing in SLGP demand to see audited financials (I doubt that any audit has been performed, but do not know), and unaudited financials should be viewed with a strong dose of skepticism.
> >
> > Tom
>
> While this does resemble a closed end fund type of transaction simply in that there are a limited number of shares being offered, these will most likely not be sophisticated venture capitalists stepping in to buy. Pursuing a public listing is a very expensive option and very demanding in terms of legal, auditing, and disclosure requirements. I'm not sure that is what he is trying to do but a prudent investor as I have said would insist on an audit by an independent concern. Looks like an attempt to raise some cash and maintain status as an owner until Ms LUCULESCU pays off her loan which appears to be thru him. Okay, I'm in for the same number of shares that Rich buys BUT the investors must be granted 51% ownership and even at that I can see lots of ways this situation could be problematic. Just my humble and Constitutionally protected opinion.
>
> Walt

This could really be something that could resemble the popular show ,"Wheel Of Fortune". Go ahead and spin the wheel and you could become part owner off a great gliderport. I can see Pat and Vanna spinning the wheel for the big prize. If Rich and Walt are in then I must consider investing, but we all need to see the audited financials. I have a great firm in Ft. Lauderdale, Marcum, right on Los Olas Blvd, ask for Mitch. Make sure you tell him that Bob Y wants for him to look at the books.

On Monday, August 10, 2020 at 12:33:19 PM UTC-7, wrote:
> On Monday, August 10, 2020 at 9:30:30 AM UTC-4, wrote:
> > On Sunday, August 9, 2020 at 8:48:13 PM UTC-4, 2G wrote:
> > > On Saturday, August 8, 2020 at 5:44:30 AM UTC-7, wrote:
> > > > On Friday, August 7, 2020 at 11:25:04 AM UTC-4, 2G wrote:
> > > > > On Wednesday, August 5, 2020 at 11:01:48 AM UTC-7, wrote:
> > > > > > Hi Walt. From another former tow pilot. Seminole was doing a rip-roaring business until covid-19 hit. There's money being made there. It's just not being spent where it should be.
> > > > >
> > > > > That is pure speculation. SLGP has not released any financials, let alone audited financials, whatsoever so we don't even know if SLGP has been profitable and for which years, or by how much. These are essential for any serious investor - omitting them means this is just a trial balloon to test how many suckers there are out there.
> > > > >
> > > > > Tom
> > > > SLGP would not be obligated to release any financial information to anyone other than those buying in. Of course it would be most prudent to have on your side a Business/Real Estate lawyer and of course have your own accountant do a complete audit of the books to establish profitability. I would assume that one would be sharing in the profits at the end of the quarter/year commensurate with their percentage of ownership, perhaps along with the four percent dividend that Mihai guarantees? If NOT then in my Constitutionally protected opinion it would be stupid to purchase any shares. The real telling point will be how many shares RICH buys.
> > > >
> > > > Walt
> > >
> > > The very brief offering (sets a record for the shortest prospectus I have ever read) makes no mention of disclosing financials to prospective buyers, only a vague mention of a 4% rate of return. This, in itself, raises concerns: how can any business partnership guarantee a rate of return, especially in the very uncertain times we are in now? This is commonly done in closed-end funds by selling principle to generate cash payments to shareholders, but that would mean selling assets such as aircraft or hangars for SLGP. It sounds more like an aspiration than a guarantee. And then there is the bizarre statement that SLGP will follow all US laws as if that is optional. I strongly urge anyone who is interested in investing in SLGP demand to see audited financials (I doubt that any audit has been performed, but do not know), and unaudited financials should be viewed with a strong dose of skepticism.
> > >
> > > Tom
> >
> > While this does resemble a closed end fund type of transaction simply in that there are a limited number of shares being offered, these will most likely not be sophisticated venture capitalists stepping in to buy. Pursuing a public listing is a very expensive option and very demanding in terms of legal, auditing, and disclosure requirements. I'm not sure that is what he is trying to do but a prudent investor as I have said would insist on an audit by an independent concern. Looks like an attempt to raise some cash and maintain status as an owner until Ms LUCULESCU pays off her loan which appears to be thru him. Okay, I'm in for the same number of shares that Rich buys BUT the investors must be granted 51% ownership and even at that I can see lots of ways this situation could be problematic. Just my humble and Constitutionally protected opinion.
> >
> > Walt
> This could really be something that could resemble the popular show ,"Wheel Of Fortune". Go ahead and spin the wheel and you could become part owner off a great gliderport. I can see Pat and Vanna spinning the wheel for the big prize. If Rich and Walt are in then I must consider investing, but we all need to see the audited financials. I have a great firm in Ft. Lauderdale, Marcum, right on Los Olas Blvd, ask for Mitch. Make sure you tell him that Bob Y wants for him to look at the books.

I am not holding my breath waiting for Rich to jump in here. After all, we're talking real money here.

Tom

On Wednesday, August 12, 2020 at 10:22:03 PM UTC-4, 2G wrote:
> On Monday, August 10, 2020 at 12:33:19 PM UTC-7, wrote:
> > On Monday, August 10, 2020 at 9:30:30 AM UTC-4, wrote:
> > > On Sunday, August 9, 2020 at 8:48:13 PM UTC-4, 2G wrote:
> > > > On Saturday, August 8, 2020 at 5:44:30 AM UTC-7, wrote:
> > > > > On Friday, August 7, 2020 at 11:25:04 AM UTC-4, 2G wrote:
> > > > > > On Wednesday, August 5, 2020 at 11:01:48 AM UTC-7, wrote:
> > > > > > > Hi Walt. From another former tow pilot. Seminole was doing a rip-roaring business until covid-19 hit. There's money being made there. It's just not being spent where it should be.
> > > > > >
> > > > > > That is pure speculation. SLGP has not released any financials, let alone audited financials, whatsoever so we don't even know if SLGP has been profitable and for which years, or by how much. These are essential for any serious investor - omitting them means this is just a trial balloon to test how many suckers there are out there.
> > > > > >
> > > > > > Tom
> > > > > SLGP would not be obligated to release any financial information to anyone other than those buying in. Of course it would be most prudent to have on your side a Business/Real Estate lawyer and of course have your own accountant do a complete audit of the books to establish profitability. I would assume that one would be sharing in the profits at the end of the quarter/year commensurate with their percentage of ownership, perhaps along with the four percent dividend that Mihai guarantees? If NOT then in my Constitutionally protected opinion it would be stupid to purchase any shares. The real telling point will be how many shares RICH buys.
> > > > >
> > > > > Walt
> > > >
> > > > The very brief offering (sets a record for the shortest prospectus I have ever read) makes no mention of disclosing financials to prospective buyers, only a vague mention of a 4% rate of return. This, in itself, raises concerns: how can any business partnership guarantee a rate of return, especially in the very uncertain times we are in now? This is commonly done in closed-end funds by selling principle to generate cash payments to shareholders, but that would mean selling assets such as aircraft or hangars for SLGP. It sounds more like an aspiration than a guarantee. And then there is the bizarre statement that SLGP will follow all US laws as if that is optional. I strongly urge anyone who is interested in investing in SLGP demand to see audited financials (I doubt that any audit has been performed, but do not know), and unaudited financials should be viewed with a strong dose of skepticism.
> > > >
> > > > Tom
> > >
> > > While this does resemble a closed end fund type of transaction simply in that there are a limited number of shares being offered, these will most likely not be sophisticated venture capitalists stepping in to buy. Pursuing a public listing is a very expensive option and very demanding in terms of legal, auditing, and disclosure requirements. I'm not sure that is what he is trying to do but a prudent investor as I have said would insist on an audit by an independent concern. Looks like an attempt to raise some cash and maintain status as an owner until Ms LUCULESCU pays off her loan which appears to be thru him. Okay, I'm in for the same number of shares that Rich buys BUT the investors must be granted 51% ownership and even at that I can see lots of ways this situation could be problematic. Just my humble and Constitutionally protected opinion.
> > >
> > > Walt
> > This could really be something that could resemble the popular show ,"Wheel Of Fortune". Go ahead and spin the wheel and you could become part owner off a great gliderport. I can see Pat and Vanna spinning the wheel for the big prize. If Rich and Walt are in then I must consider investing, but we all need to see the audited financials. I have a great firm in Ft. Lauderdale, Marcum, right on Los Olas Blvd, ask for Mitch. Make sure you tell him that Bob Y wants for him to look at the books.
>
> I am not holding my breath waiting for Rich to jump in here. After all, we're talking real money here.
>
> Tom

Perhaps Mihai could give Rich a free share for his good and faithful and unpaid service? In my Constitutionally protected opinion I do not believe Rich would spend $150K to own a piece of the pie. At his advanced age it makes no sense. Again, just my Constitutionally protected opinion.

Walt

Walt You have beat this horse enough

On Sunday, August 16, 2020 at 9:24:40 AM UTC-4, wrote:
> Walt You have beat this horse enough

Agreed, I was about to report him the the ASCPA.

On Sunday, August 16, 2020 at 9:24:40 AM UTC-4, wrote:
> Walt You have beat this horse enough

Agreed, I was about to report him to the ASPCA.

On Sunday, August 16, 2020 at 9:59:28 AM UTC-4, KG wrote:
> On Sunday, August 16, 2020 at 9:24:40 AM UTC-4, wrote:
> > Walt You have beat this horse enough
> Agreed, I was about to report him to the ASPCA.
Who let the Gorilla out of the cage??

On Sunday, August 16, 2020 at 9:24:40 AM UTC-4, wrote:
> Walt You have beat this horse enough

The beatings will continue until the horse has been sold...

Walt

On Monday, August 17, 2020 at 8:27:41 AM UTC-4, wrote:
> On Sunday, August 16, 2020 at 9:24:40 AM UTC-4, wrote:
> > Walt You have beat this horse enough
> The beatings will continue until the horse has been sold...
>
> Walt
Looks like we are in for a long ride!

On Monday, August 17, 2020 at 3:21:02 PM UTC-4, wrote:
> On Monday, August 17, 2020 at 8:27:41 AM UTC-4, wrote:
> > On Sunday, August 16, 2020 at 9:24:40 AM UTC-4, wrote:
> > > Walt You have beat this horse enough
> > The beatings will continue until the horse has been sold...
> >
> > Walt
> Looks like we are in for a long ride!

Just trying to help the place get sold. You would think that someone with a Masters Degree in "Management and Marketing in the Advertising Industry" could move this property. It's gonna take more than a blurp on its own web site.

Walt

On Wednesday, August 19, 2020 at 8:29:10 AM UTC-4, wrote:
> On Monday, August 17, 2020 at 3:21:02 PM UTC-4, wrote:
> > On Monday, August 17, 2020 at 8:27:41 AM UTC-4, wrote:
> > > On Sunday, August 16, 2020 at 9:24:40 AM UTC-4, wrote:
> > > > Walt You have beat this horse enough
> > > The beatings will continue until the horse has been sold...
> > >
> > > Walt
> > Looks like we are in for a long ride!
> Just trying to help the place get sold. You would think that someone with a Masters Degree in "Management and Marketing in the Advertising Industry" could move this property. It's gonna take more than a blurp on its own web site.
>
> Walt
Like Rowdy Gaines said in Rawhide, "Get Them Doggies Rolling"

On Wednesday, August 19, 2020 at 5:45:15 PM UTC-4, wrote:
> On Wednesday, August 19, 2020 at 8:29:10 AM UTC-4, wrote:
> > On Monday, August 17, 2020 at 3:21:02 PM UTC-4, wrote:
> > > On Monday, August 17, 2020 at 8:27:41 AM UTC-4, wrote:
> > > > On Sunday, August 16, 2020 at 9:24:40 AM UTC-4, wrote:
> > > > > Walt You have beat this horse enough
> > > > The beatings will continue until the horse has been sold...
> > > >
> > > > Walt
> > > Looks like we are in for a long ride!
> > Just trying to help the place get sold. You would think that someone with a Masters Degree in "Management and Marketing in the Advertising Industry" could move this property. It's gonna take more than a blurp on its own web site.
> >
> > Walt
> Like Rowdy Gaines said in Rawhide, "Get Them Doggies Rolling"

I think you meant Rowdy Yates. Rowdy Gaines was an olympic swimmer, went to Auburn. You know Auburn....Clemson without a lake.

Walt

On Friday, August 21, 2020 at 6:53:49 PM UTC-4, wrote:
> On Wednesday, August 19, 2020 at 5:45:15 PM UTC-4, wrote:
> > On Wednesday, August 19, 2020 at 8:29:10 AM UTC-4, wrote:
> > > On Monday, August 17, 2020 at 3:21:02 PM UTC-4, wrote:
> > > > On Monday, August 17, 2020 at 8:27:41 AM UTC-4, wrote:
> > > > > On Sunday, August 16, 2020 at 9:24:40 AM UTC-4, wrote:
> > > > > > Walt You have beat this horse enough
> > > > > The beatings will continue until the horse has been sold...
> > > > >
> > > > > Walt
> > > > Looks like we are in for a long ride!
> > > Just trying to help the place get sold. You would think that someone with a Masters Degree in "Management and Marketing in the Advertising Industry" could move this property. It's gonna take more than a blurp on its own web site.
> > >
> > > Walt
> > Like Rowdy Gaines said in Rawhide, "Get Them Doggies Rolling"
> I think you meant Rowdy Yates. Rowdy Gaines was an olympic swimmer, went to Auburn. You know Auburn....Clemson without a lake.
>
> Walt
Yes, Yates, Clint back in the early years.