[bradford]

Gentlemen,

A group of us in Savannah are considering investing in a large cat ranch near Hermosillo, Mexico. It is our intention to start rather small with about one million cats. Each cat averages about twelve kittens each year; skins can be sold for about twenty cents for the white ones and up to forty cents for the black. This will give us twelve million cat skins per year to sell at an average price of around thirty-two cents, making revenue about $3 million a year. This averages out to about $10 thousand a day excluding Sundays and holidays.

A good Mexican cat man can skin about fifty cats per day at a wage of $3.15 a day. It will take only 633 men to operate the ranch, so the net profit would be over $8,200 per day.

Now, the cats would be fed on rats exclusively. Rats multiply four times faster than cats. We would start a rat ranch adjacent to our cat ranch. If we started with four million rats, we will have four rats per cat per day. The rats will be fed on the carcasses of the cats we skin. This will give each rat a quarter of cat per day. You can see by this that the business is a clean operation, self-supporting, and really automatic throughout. The cats will eat the rats, and the rats will eat the cats, and we will get the skins.

We plan to organize a Mexican corporation with one centavo par value stock. This is equal to .0008 share, American currency. We plan to sell 99,000,000 shares at par. This is $79,200.00 American dollars, or is it $792.00?

Eventually, it is our hope to cross the cats with snakes because snakes skin themselves twice a year. This will save the labor costs of skinning the cats as well as giving us two skins per cat per year.

Let me know if you are interested. As you can imagine, we're rather particular whom we want in this deal. And we want the fewest investors possible.

Sincerely yours,

Bradford