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Winterport Project #2 under contract.

posted Apr 7, 2013, 6:36 PM by Peter Petersen   [ updated Aug 29, 2013, 5:52 PM by Katrina Petersen ]
Our Real Estate division has successfully completed its second project in Winterport. Occupancy has been scheduled for April 13 2013. Many thanks to our project managers and coworkerswho ensured completion on time and on budget.

We are actively engaded in scouting for another opportunity in Winterport. We will gladly investigate any property proposals forwarded to us by private, corporate or public entities. If the property meets our criterias we will gladly start negotiations. Our terms are never contingent on financing by other entities. Please forward your proposals by e-mail to: peter@mainely.org

Our equity division is now moving to a defensive position. We have stops on all our non dividend payers. Both CT after paying a $2.00 special dividend and OPK which is supported by massive insider buys are showing gains of >60% for the last 8 months. We are loath to give back those gains in case of a market turn. We feel both stocks are now moving into the "Hope & Pray" territory that always gets hammered first in even a small correction. We will off course stay fully invested and will redeploy any funds from excuted stop orders to our dividend plays and our RE operations. 

Hopefully we can announce the start of another project soon. Updates on our activities will continue on a monthly basis
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