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                                                                   EXHIBIT 21.0





                         SUBSIDIARIES OF THE REGISTRANT



Syntek Asset Management, L.P., a 96% owned Delaware limited partnership, and
Consolidated Equity Properties, Inc., a wholly-owned Nevada corporation, are
"significant subsidiaries" of the Registrant (as such term is defined in Rule
1-02(v) of Regulation S-X). The remaining subsidiaries of the Company,
considered in the aggregate, would not constitute a "significant subsidiary".


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