DavidT
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From "The Log" Issue No.797 August 24,2007
El Reporte
Thursday, August 23, 2007
By Capt. Patricia Miller Rains
Two World-class Developments Coming to Mexico
SAN FELIPE, Mexico - Ad Valora announced it has begun the planning and development for two major projects in Baja California near San Felipe, on the
Sea of Cortez.
The first project, Pelican Reef, is a 157-acre oceanfront property, 38 miles south of San Felipe. Ad Valora plans to build 992 1,200-sq.-ft.
condominiums at this site, along with swimming pools, spas and a clubhouse.
The second project, called Mexicarlo, is a hotel resort and casino that will include 350 hotel suites, penthouses and a 40,000-sq.-ft. casino
featuring Las Vegas-style gaming, along with gourmet restaurants and upscale shops. The site will include an 18-hole professional golf course, a
clubhouse and restaurant, and a 100-plus-slip marina on the Sea of Cortez.
"Fishing is world renowned in this area, which prides itself on 360 days of sunshine a year," said project chairman C.M. "Sonny" Ball. "We are looking
to break ground on these projects in mid-October 2007."
Ad Valora has retained E & E Communications of Laguna Hills to assist with its public and investor relations efforts. For information, contact
Paul Knopick at E & E Communications; (949) 707-5365.
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bancoduo
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This has the makings of a SDL skit
 http://www.banderasnews.com/0708/re-advalora.htm
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bacquito
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Please review the Gringo Gazette regarding Ventanas al Mar-it sounds like a "swamp land in Florida deal". I've driven by this location quite a few
times and have seen no activity. Dreamers meeting Skeemers
bacquito
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Don Alley
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This is great. The guy complains about doing business withy the Mexican Government, says he'll never do it again, after (he says) getting permission
from them to build a Vegas-style casino. Picky picky picky.
Then he pumps his stock in a small video company with the story, which we know we can believe because it has this (almost) familiar logo:
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bajajudy
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I am confused. I have never heard that Mexico is allowing gambling. Did something change? I would bet the bank that if gambling were allowed, it
would already be here in Los Cabos so I doubt it.
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baja829
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Hey, I live on that piece of land at KM40, with 13 of my neighbors -- no casino coming here or anywhere else in Baja anytime soon. There's another
campo a little further North at KM 38 -- that campo was privatized and about 38 people purchased their lots and 4 have built beautiful homes, 1 is
building a hotel. However, ---------- the former owner just sold the whole thing again to a major developer in Mexicali.
Now, everyone is in court -- I think that's what will happen if Ad Valora starts to sell our lots, which is in the Ejido Delicias. they certainly
didn't purchase it from the owner or the Ejido.
Another group sold condos from their website, on Mochoro, in downtown San Felipe -- got away with several million dollars before anyone realized they
were just photos and this place did not exist.
Need I say more?
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bajamigo
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"I really don't think I want do business in Mexico again," he [Sonny Ball] said. "The language barrier is a big problem, but it's not the only one.
They always have their hand in your pocket for one fee or another."
This is a quote from a guy who expects to bring this project to fruition? Sounds like a real genius, one who can see the synergy he'll generate by
merging this real estate project with a company that manufactures (presumably) night-vision cameras for RV's. A natural.
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Pescador
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Egads, if it were not Sunday, I would have called my broker and ordered at least a couple thousand shares of this fine business stock. The casino is
a pretty good deal but the real highpoint is fog vision cameras in Las Vegas. I am sure they must have a real high incidence of fog there, or maybe
the fog is in this guys mind all along and he needs the cameras to see through it.
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Ken Bondy
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The night-vision cameras are obviously necessary for the (reported) five days each year when there is no sunshine in San Felipe.
[Edited on 8-26-2007 by Ken Bondy]
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DavidT
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From the San Diego Union Tribune Sunday August 26
I think the last two lines are classic.
(John) Anton said Ad Valora has financing for both projects: "It's all being financed
through Vegas," Anton said. "I'm not at liberty to say more than that. Mr.
(Sonny) Ball is chairman of the (Ad Valora) company. Anything Sonny does happens."
The Mexican government isn't keen on gaming, but Anton said Ad Valora has secured a gaming license for Mexicarlo. "Apparently there's been a change
down there," he said.
It (the license) is written in Spanish, so we're going on the premise that everything is solid."
Stay tuned.
David
Not one shred of evidence supports the notion that life is serious.
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Bob H
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Here's the entire article in today's San Diego Union Tribune, Travel Section, page I-4
Bob H
----------------
Ad Valora, a Rancho Mirage-based developer, plans to break ground in October on two major projects near San Felipe on the northeast coast of Baja,
about 225 miles southeast of San Diego.
"Mexicarlo" is planned to include a five-star, 350-room hotel; a 40,000 square-foot casino with Vegas-style gaming and retail space; an 18-hole golf
course and a 100-slip marina, said John Anton, a consultant and shareholder in the project.
"Pelican Reef" will include 992 condos and a spa on 157 acres fronting the Sea of Cortez.
Anton said Ad Valora has financing for both projects: "It's all being financed through Vegas, " Anton said. "I'm not at liberty to say more than
that. Mr. (Sonny) Ball is chairman of the (Ad Valora) company. Anything Sonny does happens."
The Mexican government isn't keen on gaming, but Anton said Ad Valora has secured a gaming license for Mexicarlo. "Apparently there's been a change
down there," he said. "It (the license) is written in Spanish, so we're going on the premise that everything is solid."
Stay tuned.
[Edited on 8-26-2007 by Bob H]
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DENNIS
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I posted here to this, briefly, yesterday. This thread started with a reference to The Log, #797 and I just happened to be looking at Log #796. It
has a front page article about Carlsbad Ca. closing in on approval to build a desal plant with capabilities of 50 million gallons per day. The
article actually said 500 million but quick research showed 50 and that's why I pulled the post. [ Google - Carlsbad Ca. desal - to see it.]
Wow. Do I have a point here?
Oh, yeah. It's a question. I know the desal issue has been ground to dust here recently but, is that a lot of water? I don't know. The stated
cost, without overruns, is 300 million bucks.
It seems to me that 50 million gallons could support a city. I just don't know the size.
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DENNIS
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| Quote: | Originally posted by Bob H
"Apparently there's been a change down there," he said. "It (the license) is written in Spanish, so we're going on the premise that everything is
solid."
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Excuse me while I laugh myself to death.
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bajajudy
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| Quote: | Originally posted by DENNIS
| Quote: | Originally posted by Bob H
"Apparently there's been a change down there," he said. "It (the license) is written in Spanish, so we're going on the premise that everything is
solid."
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Excuse me while I laugh myself to death. |
Yo tambien. Jeez are these guys that stupid?
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bajamigo
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| Quote: | Originally posted by bajajudy
| Quote: | Originally posted by DENNIS
| Quote: | Originally posted by Bob H
"Apparently there's been a change down there," he said. "It (the license) is written in Spanish, so we're going on the premise that everything is
solid."
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Excuse me while I laugh myself to death. |
Yo tambien. Jeez are these guys that stupid? |
Probably, but I'll bet they think the rest of the world is really stupid. This story is getting quite hilarious.
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Don Alley
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| Quote: | Originally posted by bajajudy
| Quote: | Originally posted by DENNIS
| Quote: | Originally posted by Bob H
"Apparently there's been a change down there," he said. "It (the license) is written in Spanish, so we're going on the premise that everything is
solid."
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Excuse me while I laugh myself to death. |
Yo tambien. Jeez are these guys that stupid? |
| Quote: |
He also owns Niteagle Systems Inc., a publicly traded company that he formed last year.
Niteagle is a Nevada corporation that manufactures cameras for recreational vehicles and trucks that are designed for better vision through fog.
Ball agreed to merge Ad Valora into Niteagle on Aug. 9.
"I want to get my investments under one roof," he said.
News of the merger spread quickly. An investor bought 62,000 shares of Niteagle at 25 cents a share immediately after that deal was announced,
Anton said.
Niteagle is owned by about 1,000 shareholders and trades on the pink sheets exchange. Ball is the company's board chairman.
Ball said he will manage Ad Valora [Latin for "good value"] from his home. |
It's not about casinos or development. It doesn't matter if they have permission to build a casino. They have no such plans. It's all nonsense to pump
Niteagle stock.
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Hook
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I must admit that I'm pretty impressed with all the ink that E and E Communications in Laguna Hills has gotten for these Sonny Ball projects.
Or, maybe I'm just really disgusted how easily duped so many media outlets are these days............
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CaboRon
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| Quote: | Originally posted by bajamigo
| Quote: | Originally posted by bajajudy
| Quote: | Originally posted by DENNIS
| Quote: | Originally posted by Bob H
"Apparently there's been a change down there," he said. "It (the license) is written in Spanish, so we're going on the premise that everything is
solid."
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Excuse me while I laugh myself to death. |
Yo tambien. Jeez are these guys that stupid? |
Probably, but I'll bet they think the rest of the world is really stupid. This story is getting quite hilarious. |
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