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[QUOTE]Originally posted by Otttoman: [QB] [QUOTE]Originally posted by TopRob: [qb] They are not going to build a new building or move into another one. They are buying the building that the oil company already occupies and making it their headquarters. It's possible that the mortgage could actually be lower than the current rent. Also Rent can be raised each time the lease expires. Buying means that they are in this for the long term and feel strongly about the future, so I see this as a big plus for JMCP. [/qb][/QUOTE]Like I said earlier, how much rent can someone possibly charge for a phone booth. Probably got a good deal however, since it's only 4 sq ft, LOL. It's money that could have been spent on better things. You rent until you can afford to buy, and at 0.0001 they don't deserve to own their own office building, regardless of the cost savings. Now our assets consist of a worthless building in podunk TX and maybe a rotary telephone. Whoo hoo, look out NASDAQ here we come, LOL. [/QB][/QUOTE]
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