Looks like you can buy a piece of Seminole

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.

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 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 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.