surfer with board appears, page-3

Hi everyone.

We have got a 'stake' in a number of highly prospective properties in California.

A very enviable position for a small $4,000,000 mkt. cap.company.

The company is running on the smell of an 'oily rag' 5% income from GGP managed 'oiler'---is covering admin. costs.

'Holders' of this stock are patiently waiting for a value adding 'deal' the management have been 'alluding to' for some weeks.

It wont take much for this to move 'upwards'.Those that took up the recent 'rights' have made 50%.


Cham