Diamondhead Casino Corp (DHCC)

[bob1315]

We will see . doesn't change the lawsuit.

[Renee]

DHCCQ changed back to DHCC. FINRA added the Q in error.

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

[Macod]

Interesting, sounds like some sort of mistake. Let's see what happens. I am on the bid

[bob1315]

Maybe but what you have to look at here is your common shares going to be worth. Anybody can buy it once its devalued , but common shareholders are usually last. We now have high interstress rate first time in 10 plus years , Banks are depressed. Trillions of loans coming due in the next few years.Its up to you or me at this point. Folks want their money.

[dcbass]

This is definitely gone on way too long.

And it should not have taken them this long to hire Colliers.
But we are finally in good hands as far as marketing goes. These guys are quite capable:

“Colliers has a track record of handling distressed real estate and managing assets in bankruptcy situations. Their role typically involves leveraging their extensive network and expertise to maximize the value of the assets being liquidated or reorganized”.

Colliers and Hilco Awarded Marketing and Disposition of Oceanwide Plaza | Colliers](https://www.colliers.com/en/news/los-angeles/colliers-and-hilco-awarded-marketing-and-disposition-of-oceanwide-plaza).

[bob1315]

Sure how long is this been going on. Uh 10 plus years ???? Yes it does look like symbol will change . We will see tomorrow.

[Renee]

DHCC: effective June 18,2024 DHCC will change to DHCCQ, bankruptcy.

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

[Macod]

Everyone is going to get paid here

[bob1315]

Because they are owed that. They have hired other people before.

[dcbass]

This is what he is talking about.

The first lien holders are attempting to force a liquidation.
Something tells me they are trying to get the property for cheap.
Something else tells me that Colliers will obtain funding to pay these guys off soon enough.

This is a desperate attempt to take over the property imo. Otherwise, why would they try to disrupt the best opportunity the company has had in years to land a deal, which in turn would get them their money back sooner than later.


https://www.msn.com/en-us/money/companies/will-diamondhead-casino-corp-be-forced-into-bankruptcy-or-find-a-resort-developer/ar-BB1odu3S

[zagdad]

I too wonder what you are talking about? Just give a link or something if you can't verbalize the accusation.

The PR was a nice step and will get this undervalued stock in front of many new big hitters....who might both show possible interest in the property and/or at a minimum the stock. All they need to do is read the financials and see the appraisals, the undiluted low share count, the minor debt, the solid management, and they will see how cheap the stock has been for quite a while now.

[bob1315]

Look it up. Its there as of today.

[investtemp]

Isn't that the same marketing language they used when they hired CBRE to hustle this a few years ago 🤔

[Macod]

What are you talking about?

[bob1315]

Well maybe news looks like a possible lawsuit. Company wants 2.4 million payment .

[dcbass]

Well this company needed marketing more than anything else. Colliers is one of the top real estate firms in the world, with strong international connections.

In commenting on the opportunity, Patrick Slagle, Vice President of Colliers in Washington, D.C. stated: "We believe the Diamondhead site is one of the best remaining gaming sites in the entire country. Its location on Interstate 10, between Biloxi and New Orleans, coupled with the accessibility to the site provided by nearby airports makes it one of the most easily accessible gaming sites in the country. It is a 400-acre blank slate with over two miles of waterfront and ready to be developed as a mixed-use resort with a casino as an anchor and a two mile boardwalk.

We know of nothing comparable and no other opportunity of this nature in the industry.

With over eighteen million vehicles passing the site annually on Interstate 10, it is an ideal gaming location. The Gulf Coast region of the United States where this casino would be located, is one of the fastest growing gambling markets in the United States. We look forward to finding the perfect match for this outstanding location.”

[investtemp]

wow, that news really shook up the market, look at the volume

[investtemp]

DIAMONDHEAD CASINO CORPORATION RETAINS COLLIERS TO ASSIST WITH MARKETING AND FINANCING
PR Newswire
Thu, Jun 13, 2024, 2:16 PM EDT6 min read

ALEXANDRIA, Va., June 13, 2024 /PRNewswire/ -- Diamondhead Casino Corporation (OTCBB: DHCC) (the "Company") is pleased to announce that it has retained Colliers to assist the Company in marketing and financing the development of its Diamondhead, Mississippi Property and/or to sell all or part of the Diamondhead Property. Colliers has prepared marketing materials to market and promote the Property and is now in the process of soliciting interested parties.

The Company owns, through its wholly-owned subsidiary, Mississippi Gaming Corporation, an approximate 400-acre tract of land on Interstate 10 in Diamondhead, Mississippi. The property fronts Interstate 10 for approximately two miles and fronts the Bay of St. Louis for approximately two miles. Over eighteen million vehicles pass the site yearly. The property is already zoned as a Special Use District-Waterfront Gaming District, which permits the development of a casino resort. In addition, the Mississippi Gaming Commission has granted Mississippi Gaming Corporation Gaming Site Approval on a fifty acre site located on the east side of the property.

In commenting on the opportunity, Patrick Slagle, Vice President of Colliers in Washington, D.C. stated: "We believe the Diamondhead site is one of the best remaining gaming sites in the entire country. Its location on Interstate 10, between Biloxi and New Orleans, coupled with the accessibility to the site provided by nearby airports makes it one of the most easily accessible gaming sites in the country. It is a 400-acre blank slate with over two miles of waterfront and ready to be developed as a mixed-use resort with a casino as an anchor and a two mile boardwalk. We know of nothing comparable and no other opportunity of this nature in the industry. With over eighteen million vehicles passing the site annually on Interstate 10, it is an ideal gaming location. The Gulf Coast region of the United States where this casino would be located, is one of the fastest growing gambling markets in the United States. We look forward to finding the perfect match for this outstanding location."

Under its agreement with Colliers, the Company is free to continue discussions with other interested parties. Unless extended by the parties, the Agreement will terminate at the end of this year.

The Company also announced that its subsidiary, Mississippi Gaming Corporation ("MGC"), had entered into a Settlement Agreement with Cooperative Energy, a Mississippi Electric Cooperative, which had filed an eminent domain action against MGC, for $1,000,000 million in return for easements along the northern portion of the property. In October of 2023, Mississippi Gaming Corporation received $845,378 as part of the settlement amount. The parties are working on the wording of the easements. Once the easements are finalized and signed, Cooperative Energy will pay MGC the remaining amount due of $154,622.

The Company's Officers and Directors may purchase the Company's stock in the open market from time to time at prevailing prices.

[uber darthium]

I have personally, once upon a time when I lived down there. I had a weekend home there. The casino boat location would be a premium location as it would be only a couple hundred yards south off I-10 at the Diamondhead exit. DHead also has a private airport right there at that exit. This has been in play for decades though. Hurricane Katrina did massive damage at that spot though, typical for those hurricanes in that region

[bob1315]

Have any of you guys ever seen this place

[investtemp]

Value ? funny
the only one getting value is what the CEO and Chairman are ripping off

[Macod]

They haven't had much success yet and seem awfully slow with everything, but I do agree there is value here at this range

[PennyStockTrader2]

Continuing to accumulate down at 11 cent range, I own a lot of shares. This is an absolute steal at that price.

[Paullee]

deleted

[bob1315]

Wake up brother M.M. play this stock like a fiddle.

[zagdad]

I hope not!

[PennyStockTrader2]

well here we are still waiting for something to happen. Very little liquidity, inconsistently trying to pick up shares near a dime, but hard to get a fill. Seems every time I remove my bid thats when theres a fill, oh well I should eventually get filled.

[investtemp]

Is it time to buy yet, or do we wait for .01 ? What's do we wait for the clarinet to make a sound?

[bob1315]

Bid looks bad here , what's up.

[investtemp]

2023, another year of lies and false promises, what will 2024 hold????????????

[investtemp]

The better question is when have the dynamic duo, with the help of an incompetent Board, ever done anything?

[Macod]

You don't think the appraisal will be finished that they already had started a couple months ago?

[investtemp]

You guys are really amusing. The only appraisal that is going on is the one the bankruptcy court will require

[PennyStockTrader2]

yea that was my fill for 1000 shares unfortunately thru Schwab costing me 8 bucks commission, exactly what I was afraid of would happen but I hadnt gotten the money moved over to Fidelity yet. I dont know about the appraisal should be soon though.

[Macod]

The 'incredible deal' continues into the new year. Anyone know when the new appraisal is supposed to be done? We need a boost here

[PennyStockTrader2]

i got my wish and was able to wipe up some of the slop on Friday, what an incredible deal

[investtemp]

Ha!

you sound like G's love child!

[PennyStockTrader2]

Cut the crap man, take a hike, sell me your shares tomorrow. I have a massive, I mean a massive position here, and would love to add in the .17 range but theres just so little selling this tax selling season. This will literally end up on the moon, granted figuring out the timing has been very very difficult and while they havent closed on a deal, yet, lets see what the land value appraisal comes in at, way way above what the creditors will get, way way above that. We're fine, its the waiting that is frustrating. Milked the company, are you friggin kidding me? Why dont you show the proof of that, they havent made a cent, contrary. But when things happen they'll be rewarded modestly for their work.

[investtemp]

The current value is zero, the creditors will take it all. The President and the Chairman are buffoons who have milked this company dry for over 20 years.
Have you ever talked to them. Ha!

Have a merry Xmas!

[Macod]

It should definitely help, everyone wants to know what current value is

[PennyStockTrader2]

I dont know for sure but its been requested and I think it should be in the next few weeks. I sort of wonder how much it will help our cause, I think it will depend on who they are talking to, so better to have it than not.

[Macod]

When will the new appraisal be done?

[PennyStockTrader2]

I have to say, with what the company has, the fact that we have not consummated a deal yet is baffling and extremely dissapointing. Our money has been tied up much longer than it should be. Thank goodness we have the land and with the new appraisal hopefully it will show significant increase in value. Part of me just wants to sell the land say at a buck a share and move on, its so painful to wait. In any case, shares in the teens if you can get them, should be very profitable.

[Macod]

Chart looks looks good here to add more

[investtemp]

that's funny, that money is already out the door, and in insiders pockets !

[Macod]

Excellent to get $1 million cash to work with. Can be just the spark that is needed to consummate a deal finally

[Macod]

Note 13. Subsequent Events

On October 20, 2023, MGC received $845,377.89 as part of the $1,000,000 settlement amount due in Cooperative Energy, a Mississippi Electric Cooperative v. Mississippi Gaming Corporation, et al. (In the Special Court of Eminent Domain, Hancock County, Mississippi (Case No. CC23-0153). The parties are working on the wording of an easement. Once MGC signs the easement, Cooperative Energy will pay the remainder due to MGC. In line with previous agreements, the funds were used, in part, to reimburse two unrelated lenders a total of $40,000 for amounts advanced in 2023 and to reimburse the Chairman of the Board approximately $100,000 for amounts advanced in 2023. In addition, $45,503.74 was paid to the President of the Company to reimburse the President for expenses paid on behalf of the Company in prior years. The Company intends to use the remaining funds to pay property taxes for the year 2023, to pay its outside auditors and accountant for the Form 10-K for the year ending December 31, 2023, to prepare and file past due federal and state tax returns, to perform an updated wetland delineation survey and certain environmental studies, to obtain an updated property appraisal and updated feasibility study, to obtain aerials of the Diamondhead Property and surrounding area, to prepare updated marketing materials, to pay legal fees and expenses of outside counsel, to pay down some debt due, including rent due in 2023, and to pay administrative and operating expenses.

[bob1315]

BUDDY,
You have been a trooper. If the M.M. didnt play this thing so much. Remember do your part. Dont let them borrow shares from your account. Thats how the game is played. If you are buying and holding like you in the long run. Thats all you can do. Hard to borrow money now. interest rates etc.

[PennyStockTrader2]

I am continuing to look for opportunities to buy under 20 cents. This has taken so much longer than I originally thought its not funny, but, that seems to be par for the course for many pennies but not all.

[jonsmile]

Is .24 a new 52 week low ? I'm thinking teens will be a great price to re enter