Work continues on the foundation repair. This pictures shows how the old post is cut off after the hole is dug. This supplies some support for the block of concrete that will be placed on top. The hole is filled with concrete and a jack is left in place to support the building while the concrete cures. The block in the ground as well as the new concrete post contain rebar.

This old post shows the same thing we found in 1994. They rot from the inside out. It does not appear to be a result of termite damage, but a chemical process of rotting from lack of proper creosote treatment. We found 223 of these in 1995 and have not inspected the rest since then. I brought this to the board's attention so many times during the past years it became sort of a joke. Investors don't like to talk about foundation problems. These rotted from the inside can be identified by hitting them with a hammer and hearing a hollow sound, not real difficult to do. In 1995, during the lawsuit process, we drilled a hole in each post to find if the inside were rotted.