We each finished up with a fruit sherbet and a coffee."Tell me about yourself. Are you married? Do you have any children? What do you do for a living? We have all night and I am dying to know what brought us together." That's a lot of questions. I have two daughters. Both of them are at Columbia getting degrees in International Banking, or something like that. I don't really know. I just pay the tuition." That's interesting. I have a Masters from Columbia and I am one of their guest lecturers. I must meet both of them. Did you see them this morning?" We had lunch together. They hate it when I cause them to miss classes." You must have been married young to have two girls in college." That sounds like the kind of line a guy would use."I felt comfortable with this Mediterranean beauty. I could have talked all night with her."I am presently estranged from my wife. That's an odd word. I never thought I would be in a position to use it. She left me for a wealthy, wheeler-dealer. I think. 400 times 60% is 240 acres. That's 480 one-half acre lots at $150,000 totals $72,000,000. In order to get a 12% return on $100 million, you have to market the lots for $235,000 each. The bottom line is there doesn't appear to be a need for the amount investment capital asked for on this deal," George said."Something doesn't add up here," I said. "If McKenzie has an option for the land at $20,000 per acre, he'll need less than $10 million to purchase the land. If he is supposed to be coming in at $50 million, I'll bet he is planning on using the 400 acres at $125,000 per acre as his investment. If he had $10 million, he would have already purchased the land," I said thinking out loud.George said, "It's feasible. John, this deal smells." That's what I think as well. I'm having breakfast with one of the potential partners this morning," I said. "I'll reveal this to him and get his opinion. Do me favor, make a call and find out what price the owner will want when the option expires and.
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