Friday, February 20, 2015 11:14:03 PM
How is this unprofitable leasing company with heavy expenses/dilution, no intellectual property, a limited ability to expand/grow (due to all the deals being buddy to buddy transactions), going to be worth over $100 million market cap?...Do you really think they are going to convince some casinos to dump their machines and replace them with used machines from a company that has no cash and has only been in business for a year? Heck, GHDC doesn't even have anymore machines to lease out. They paid millions of dollars (in shares) for less machines than my local Indian casino, which isn't very large and the true value of these machines was like $300K.
How do you grow a lease with set terms? Did you see how much dilution it took just to get to this point, which isn't even profitable? Forget about profits, the REVENUE of these leases dont even cover insider compensation!
The reason why you dont see small publicly traded "leasing" companies is because its not exciting. It makes a better private company. How are they going to attract the millions in dollar volume needed to move it to a 9 figure market cap?
Why are they giving out so many shares for "services" under .002 if they think its headed to .50? The last financing deal was with fraudsters and they gave them highly dilutive terms for only a small amount of operating cash. Wasn't that an obvious act of DESPERATION?
I dont see anything that supports your predictions. Who has been on the right side of this trade the past FIVE years?... These "inside" connections keep feeding people bull so they can dump on them. How many of these rumors lived up to the hype since 2010? NONE! Look at the charts for GHDC and SFMI for proof.
My postings contain many opinions. So please do your own research
and validation.
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