Posted On: 08/20/2015 11:19:56 AM
Post# of 56323
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Re: BigAddison #53096
Okay so that then means the first building is not being rented, only the pole building, which you state is just a pole barn. Going back to the September 2014 quarterly filings it is listed twice, once referred to as a production facility, the second time as a pole building. I agree with you, it is just a pole barn currently with nothing inside.
The newer building is larger than 26,400 square feet and is the newer building, not the smaller building. So why pay rent on an empty building Addison?
from September 2014 filings
Lease 26,400 Square Feet production facility
In responding to this item, please clearly describe the assets, properties or facilities of the issuer, give the location of the principal
plants and other property of the issuer and describe the condition of the properties. If the issuer does not have complete ownership or
control of the property (for example, if others also own the property or if there is a mortgage on the property), describe the limitations
on the ownership.
Lease 7,500 Square Feet to distribute Nutrition Products Atlanta, GA (4 Year Lease) Steel Structure.
Lease 26,400 Square Feet to production facility Ontario, Canada (10 year lease with extensions to 50 year) Pole Building
The newer building is larger than 26,400 square feet and is the newer building, not the smaller building. So why pay rent on an empty building Addison?
from September 2014 filings
Lease 26,400 Square Feet production facility
In responding to this item, please clearly describe the assets, properties or facilities of the issuer, give the location of the principal
plants and other property of the issuer and describe the condition of the properties. If the issuer does not have complete ownership or
control of the property (for example, if others also own the property or if there is a mortgage on the property), describe the limitations
on the ownership.
Lease 7,500 Square Feet to distribute Nutrition Products Atlanta, GA (4 Year Lease) Steel Structure.
Lease 26,400 Square Feet to production facility Ontario, Canada (10 year lease with extensions to 50 year) Pole Building
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People always ask what my name means. Very easy. Stamford Connecticut Very Interesting. The place is chock full of history.