Looks like you can buy a piece of Seminole

#1 July 19th 20, 06:22 AM posted to rec.aviation.soaring

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?

**Stephen Szikora** · #2 July 19th 20, 07:29 PM posted to rec.aviation.soaring

Google Ponzi.

**[email protected]** · #3 July 20th 20, 03:15 PM posted to rec.aviation.soaring

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

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