Posted Feb 1, 2008, 2:27 AM
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Registered User
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Join Date: Apr 2006
Location: Hamilton, Ontario
Posts: 2,709
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This is just all business to them. They all have more than enough money to float this project on their own but did not want to spend any of their own money. Tony Battaglia just recently sold his share of Tradeport (Hamilton Airport) to YVR Services for millions and he was already worth millions. He was President and part-owner of WestPark Developments. Mario Frankovich used to own half of AIC with Michael Lee-Chin and sold it to him for millions. He started Burgeonvest Securities Limited with his money and is now worth almost as much as Chin.
They really where not looking to spend much of their own money. They wanted to use someone else’s money and make a profit from that.
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