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GSR writedown

NNBW staff

Wind Energy America Inc., a Minnesota company that invested $415,000 to buy a 1 percent interest in Reno’s Grand Sierra Resort in 2006, said last week that it’s completely written off the value of the investment.

The company made the disclosure in a filing with the Securities and Exchange Commission.

At the middle of last year, Wind Energy America wrote down the value of its investment in the Grand Sierra to $15,000.


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