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809 % Profit on Owners Private Dallas Gas land

March 11, 2013

dallasmayor

Luna Vista Map

A group of concerned citizens known as Dallas Residents at Risk noticed during the December 20, 2012 Trinity East Energy SUP hearings, that the land on which the company would like to build a gas refinery had some interesting ownership. The group then began to dig for more information since the local media had ignored it.

The 11.6 acres of land located at 10850 Luna Road, next door to the under construction Elm Fork Soccer Complex is owned by a group of private investors known as TCI LUNA VENTURES, who have never been in the spotlight. This piece of private property is where Trinity East Energy proposes to build their gas compressor/refinery. Without it, the deal is off as they have stated to the media. The few wells that are in a state of limbo are in The City of Dallas, Farmers Branch, Irving, and Grand Prairie.  If these wells get approval along with the gas compressor/refinery, this deal would make small time driller;Trinity East Energy, a big player in the gas industry.


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In late 2007,before the Trinity East Energy lease agreement was signed with The City of Dallas in 2008, the land containing 1,163,488 square feet was valued at $179,720. It is calculated that sometime in late 2007 or early 2008 when the land lease was signed, the new company was created known as TCI LUNA VENTURES.

As of today, their land is now valued at $$1,454,360. That’s a 800% profit in one year, before they build a well, drill a hole, or flip a switch on a gas compressor/refinery that would be located next door to the Elm Fork Soccer Complex.

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The owners are low key and not in the public spotlight, until now. Meet the owners of the private land currently known as:

TCI LUNA VENTURES LLC

DANIEL J. MOOS- President

Mr. Daniel J. Moos serves as the President, Secretary, Treasurer, and Director of EQK Holdings, Inc. He has been President of American Realty Investors Inc. since April 5, 2007 and its Chief Executive Officer since March 2010. Mr. Moos serves as the President of Prime Income Asset Management, Inc and has been employed at the firm since March 2007. He has been the Chief Executive Officer and President of Income Opportunity Realty Investors Inc. and Transcontinental Realty Investors Inc. since March 2010 and April 2007 respectively and served as its Chief Operating Officer since April 2007. He served as Chief Operating Officer of American Realty Investors Inc. Mr. Moos served as a Senior Vice President and Business Line Manager for US BanCorp. working out of banking offices in Houston, Texas from 2003 to April 2007. He served as an Executive Vice President and Chief Financial Officer of Fleetcor Technologies, headquartered in New Orleans, Louisiana from 1998 to 2003. Mr. Moos served as the Senior Vice President and Chief Financial Officer of ICSA, headquartered in Carlisle, Pennsylvania from 1996 to 1998 and for more than ten years prior thereto he served in various financial and operating capacities by Phone Tel Technologies, Inc., which had its securities listed on American Stock Exchange Inc. Mr. Moos also served as a Director of First Equity Properties Inc. since April 19, 2011 He has an M.B.A. from the University of Dallas, and earned a B.S. from the University of Houston.

GENE S. BERTCHER- Vice President and Treasurer

Mr. Gene S. Bertcher has been the Principal Financial Officer of Income Opportunity Realty Investors Inc.

since February 25, 2008 and its Executive Vice President since February 25, 2008. Mr. Bertcher has been the Chief Accounting Officer of Income Opportunity Realty Investors Inc. since May 2008. He has been an Executive Vice President of American Realty Investors Inc., since February 2008, its Chief Accounting Officer since May 2008 and Chief Financial Officer since September 2009. He has been the Chairman and Chief Executive Officer of New Concept Energy, Inc. (formerly, CabelTel International Corporation and Greenbriar Corporation) since December 2006 and its President since April 2009, Chief Financial Officer since November 1, 2004 and Treasurer since November 1989. He has been the Chief Financial Officer of Transcontinental Realty Investors Inc. since November 2, 2009 and has been its Chief Accounting Officer since May 20, 2008. He has been an Executive Vice President of Transcontinental Realty Investors Inc. since February 2008. He served as the Chief Financial Officer, Principal Accounting Officer, Vice President and Treasurer of First Equity Properties Inc. (FEPI) from March 24, 2009 to April 18, 2011 and also served as its Principal Executive Officer until April 18, 2011. Mr. Bertcher served as Interim Chief Financial Officer of Income Opportunity Realty Investors Inc. since February 25, 2008 and also served as its Principal Accounting Officer. He served as the Chief Financial Officer of Transcontinental Realty Investors Inc. from February 2008 to April 2008. He served as Interim Chief Financial Officer at American Realty Investors Inc. from February 25, 2008 to May 2008 and served as its Principal Accounting Officer. He served as President of New Concept Energy, Inc., from November 1, 2004 to November 2008 and its Chief Executive Officer from January 3, 2003 to November 1, 2004. Mr. Bertcher served as Executive Vice President of New Concept Energy, Inc. since November 1989. He also served as President of New Concept Energy, Inc. since January 3, 2003 and as its Chief Accounting Officer. Until November 1989, Mr. Bertcher was a Partner in Grant Thornton LLP. He served as the Chairman of New Concept Energy, Inc., since 2000. He has been Director of First Equity Properties Inc. since March 24, 2009. He has been Director of New Concept Energy, Inc., since June 1999. He served as a Director of New Concept Energy, Inc., from November 1989 to September 1996. He served as the Chairman of National Real Estate and Construction Committee at Grant Thornton LLP. Mr. Bertcher has been a Certified Public Accountant since 1973.

STEVEN SHELLEY-Vice President

Pillar Income Senior Vice President , Capital Markets

Steven Shelley received his Bachelor of Business Administration from Baylor University and his Master of Business Administration from Texas Tech University. At Pillar, Steven is responsible for overseeing acquisitions and dispositions, managing the domestic oil and gas assets, and handling the loan portfolio of commercial, land, and non-agency residential properties.

Specializing in creative finance solutions, Steven has also worked on numerous other special projects at Pillar, notably the U.S. Citizenship and Immigration Services EB-5 program, urban natural gas drilling in western Dallas County, and multiple U.S. Housing and Urban Development loans (221(d)(4), 223(f), and 223(a)(7)).

Louis J. Corna- Secretary

Pillar Income Executive Vice President of Tax Counsel, General Legal Counsel and Secretary

With more than 20 years of multi-national experience as both a lawyer and a certified public accountant, Louis J. Corna brings tax planning, legal counsel, and operating and negotiating expertise to a broad variety of Pillar’s transactions and operations. Licensed to practice law in Illinois and Texas and a licensed CPA in Texas, he is nationally recognized as a tax expert in real estate, partnership, and corporate and international taxes. Currently, he manages the corporate compliance with the SEC and stock exchange requirements for our three publicly traded companies, and previously, served as our Chief Financial Officer. Louis has been involved in significant transactions in over thirty countries and was a Contributing Editor of a three volume treatise on Mergers and Acquisitions.

Pamela M. Arsenault, Assistant Secretary

Melissa G. James, Assistant Secretary

Melody A. Woffard, Assistant Secretary

VIDEO OF GAS COMPRESSOR/REFINERY STATION IN PONDER, TEXAS

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elm fork soccer complex gas refinery

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3 Comments leave one →
  1. March 11, 2013 10:40 am

    What else don’t we know about this deal with Trinity East/Expro Engineering/Keystone?

    We really do not know much of anything because this deal that should be public knowledge continues to be hidden from public officials and the general public, ostensibly because we “really don’t need to worry our pretty little heads about it.”

    I just wish we had a City Council and a City Plan Commission with enough integrity and concern for public health and safety to take an objective look at the amount of hazardous pollution that will be emitted just a few hundred feet from where people will be playing soccer, playing golf and shooting firearms at city-owned recreational facilities. Alas, our leadership is much more interested in how much money they can personally make off allowing this activity than about how allowing it will adversely affect the health and safety of children and adults using our city recreational facilities.

    We should just change the name of our city to Houston North because we are quickly heading toward being as dirty, polluted and undesirable as Baghdad-on-the-Bayou itself.

  2. Mike guilfoil permalink
    March 14, 2013 10:47 am

    Something just doesn’t smell right on this “DEAL”? It’s not just the enviornmental issues that are “sketchy” at eye level, but who does the land appraisals??? Is there ANY “checks & balances” in this transaction, or do you believe that the companies structuring this “DEAL” were just LUCKY to have stumbled upon such a windfall? You would think the “MEDIA” would be a bit more inqusitive at the very least!

  3. Mike Guilfoil permalink
    March 14, 2013 11:33 am

    I found this statement on the SEC “EDGAR ONLINE”-

    Here’s another little known fact…the property has been sold to ABCLD Income.”LLC”
    (Another related subsidiary of TCI)

    “On August 31, 2011, we sold 100% of our membership interests in TCI Luna Ventures, LLC to ABCLD Income, LLC, a related party under common control, for a sales price of $2.0 million. This entity owns 26.71 acres of undeveloped land located in Dallas, Texas, known as Luna Ventures land. We provided $0.9 million in seller financing with a five-year note receivable. The note accrues interest at 6% and is payable at maturity on August 31, 2016. The buyer assumed the existing mortgage of $1.1 million, secured by the property. We have deferred the recognition of the sale in accordance with ASC 360-20 due to our continuing involvement, inadequate initial investment and questionable recovery of investment cost.”

    This same company is CURRENTLY in a “foreclosure” battle in Dallas over a $10 Million dollar promissary note….

    judicialview.com/State-Cases/…v-TCI-Luna-Ventures…/572667

    Judge Evans has DISSOLVED the temporary injuction, and REVERSED the the decision …

    600commerce.com/…/Branch-Banking-Trust-v.-TCI-Luna-Venutures…

    TCI Luna Ventures, LLC was in default on the $8,386,512 in this land “DEAL”????
    Yeah…let’s just go belly up so long as the land has been liquidated?

    This is just a “SHELL GAME” on a VERY LARGE SCALE!!!!

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