Hall of Fame Resort and Entertainment Co (HOFV)

[Asst2TheRegionalMngr]

What does that have to do with HOFV?

[StupidMillennial]

https://www.bizjournals.com/cincinnati/news/2021/04/09/game-onohio-legislators-doubling-down-on-legalized.html

[TheFinalCD]

HOFV 4.80's https://www.hofreco.com/p/news/H2h-first-nft-offering

[StupidMillennial]

https://tradeclub.org/hofv

[StupidMillennial]

https://local12.com/news/local/ohio-sports-betting-gambling-legal-bill-weeks-second-try-statehouse-4-2-2021
Second try looks to have support from both sides.

[Televet]

https://finance.yahoo.com/news/could-hall-fame-resort-entertainment-093911450.html

Could The Hall of Fame Resort & Entertainment Company (NASDAQ:HOFV) Ownership Structure Tell Us Something Useful?

The big shareholder groups in Hall of Fame Resort & Entertainment Company (NASDAQ:HOFV) have power over the company. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. I generally like to see some degree of insider ownership, even if only a little. As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.

Hall of Fame Resort & Entertainment is not a large company by global standards. It has a market capitalization of US$411m, which means it wouldn't have the attention of many institutional investors. Our analysis of the ownership of the company, below, shows that institutions are noticeable on the share registry. Let's take a closer look to see what the different types of shareholders can tell us about Hall of Fame Resort & Entertainment.

What Does The Institutional Ownership Tell Us About Hall of Fame Resort & Entertainment?

Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.

Hall of Fame Resort & Entertainment already has institutions on the share registry. Indeed, they own a respectable stake in the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Hall of Fame Resort & Entertainment, (below). Of course, keep in mind that there are other factors to consider, too.



Hedge funds don't have many shares in Hall of Fame Resort & Entertainment. Our data shows that National Football Museum, Inc. is the largest shareholder with 22% of shares outstanding. Stuart Lichter is the second largest shareholder owning 18% of common stock, and Sabby Management, LLC holds about 3.2% of the company stock.

We did some more digging and found that 9 of the top shareholders account for roughly 50% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat.

While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There is a little analyst coverage of the stock, but not much. So there is room for it to gain more coverage.

Insider Ownership Of Hall of Fame Resort & Entertainment
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.

Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.

It seems insiders own a significant proportion of Hall of Fame Resort & Entertainment Company. It has a market capitalization of just US$411m, and insiders have US$87m worth of shares in their own names. I would say this shows alignment with shareholders, but it is worth noting that the company is still quite small; some insiders may have founded the business. You can click here to see if those insiders have been buying or selling.

General Public Ownership
With a 47% ownership, the general public have some degree of sway over Hall of Fame Resort & Entertainment. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.

Private Company Ownership
We can see that Private Companies own 24%, of the shares on issue. Private companies may be related parties. Sometimes insiders have an interest in a public company through a holding in a private company, rather than in their own capacity as an individual. While it's hard to draw any broad stroke conclusions, it is worth noting as an area for further research.

Next Steps:

While it is well worth considering the different groups that own a company, there are other factors that are even more important. For instance, we've identified 2 warning signs for Hall of Fame Resort & Entertainment that you should be aware of.

[rtrstock]

This bounced to 7.00 last week, I bought the dip at 5, still averaged in at 6 something, needing this to hit 7.00 agsin. Anyone think we will reach 7 again this week? Or today?

[StupidMillennial]

It's too high for me to buy right now... and too low for me to sell. hah! I guess it's about right to swing with... but I'm too worried that I'll miss the train when it rockets up(who knows when that is). There are other stocks that match a swing pattern better(since this whole NFT thing blew up my nice little playground). I should have known better though. At least it blew up in the correct direction. It's a matter of time before that happens again. No offense, but I don't trade penny stocks anymore. I got lucky and made $6K with one before it tanked. I have to know my limitations. OTC stocks are too hard for me to investigate.

[trcitiswhatitis]

I’m hanging until it goes up. $oli is another one I’ve been in for 3 years but it’s ready to brush out. Prediction are around $20/share. Currently below a $1

[StupidMillennial]

Another rambling paragraph! :D Strengthened 18mo savings and tried(failed) to add more HOFV at 4.86 today. Only auto-grinding with 10% FIFO on this at this point. I'm keeping the rest in for long term gains. Plus, I'm afraid of missing another spike(real reason). I hope it will dip below $3.00 again in the next 3/4 months. Probably will. I'm getting killed by cash drag. I don't know if I'll wait long enough. There are many other good companies. I suppose I could invest in blue chips at least. Also my stock in a LIDAR company is blowing up on military news. I've discovered that I really enjoy researching companies. I wish I knew this sooner. Divested a little from a LIDAR company as it's now over weighting that sector of my portfolio(though, like HOFV, it has much more to go up). I just like the cash in case there is another bubble pop(likely real estate). I'm holding my HOFV until warrants. perhaps even until the $18 force. HOFV has a lot going on and there will be money fights very soon. A short squeeze is coming. Perhaps not today, or this month. I can wait. I'm super defensive with leverage, but equally optimistic. I'm not really expecting the HOFLeague to make as much money as everyone else is thinking it will. I mean, gambling is stupid. Who gambles on their sports team? But then again, what idiot is still shorting HOFV? I could just be out of touch with idiots. Maybe HOF League will perform well. I'm going to hold with conviction.

 
     _______          .     '     ,          _______ 
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          _______)   _ /_|_____|_\ _   (_______ 
          ________)    '. \   / .'    (________ 
          _______)       '.\ /.'       (_______ 
 ---.__________)           '.'           (___________.---

[StupidMillennial]

Whee!! <--- What moron shorts this stock?!

[lukin4winners]

Excellent update by ceo! HOFV undervalued should have nice move today and this week.

https://ih.advfn.com/stock-market/NASDAQ/hall-of-fame-resort-and-HOFV/stock-news/84701907/hall-of-fame-resort-entertainment-company-unveil

[StupidMillennial]

I've confirmed this and placed a screenshot on the intro page. Not that it matters much. Imma be holding long at least a year for the tax bonus. I don't have much more money to put in. I guess I'll inform WSB on discord. Who knows whether they will bite. WSB is hilariously whimsical.

[Chris9220]

As of 3-15-21, TD says 103% short interest

[Chris9220]

TD Ameritrade says there is 103% short interest. Is this true—prime for a short squeeze

[Golden Cross]

HOFV wanting to break out here

[StupidMillennial]

I'm glad I'm not alone. I don't feel as dumb now. I've held HOFV since Nov and I NEVER sold everything(or even 50%) until two days ago. *facepalm* well... live and learn.

[trcitiswhatitis]

I did the same thing??

[StupidMillennial]

I don't know what they'll do... but the interviewer *said* he sees HOFV as a very stable long term high growth. Which is pretty much how I see it.

HOFV is looking to put NFTs out in the next 3 months. He said "by the end of the quarter." But that probably doesn't mean next week. I would *guess* he means Q2. I *could* be wrong. One of my fellow hackerspace members does NFTs and he can put them out in 10min. So... it's like an ebay listing... It looks like their early December guidance weirdly features a famous artist by name. He seems out of place. The guidance says he's doing "portraits" of NFL Hall of Famers. If this artist makes these NFTs... it would imply to me that HOFV has been planning this in conjunction with the NFL for almost 4 months. They also didn't include any of the anticipated revenue from the NFTs in their guidance. They've kept a lid on this! I still think NFTs are <10%(probably like 5%) of what HOFV actually offers. It's stupid. I don't get it. I'm probably just super annoyed that I missed the huge spike, bought at the top, and then sucked dirt the past two days while I held deeper and deeper into the red. I refuse to buy on margin though... and I'm too certain to sell(I'll try not to make that same mistake again) I'm too crotchety/pessimistic about life to take on debt.

[Televet]

Thanks! I hope they don't call them early like my other SPACs did.

[StupidMillennial]

HOFV is looking to put NFTs out in the next 3 months. He said "by the end of the quarter." But that probably doesn't mean next week. I would *guess* he means Q2 ;)

[StupidMillennial]

about an hour in, Crawford talks about NFTs and a bit of everything else that HOFV is. "We're not an NFT company. NFT has become part of the business we're in." Absolutely brilliant CEO. It's the content ownership that makes HOFV amazing. "We don't want to rush it[NFTs]; we want to do it right." You sumbich, I'm in!

[StupidMillennial]

Yep. :D You have me pegged! I'm pretty lonely, but I don't see where I posted to myself. Could you send a link?

[tyhub]

You must be very lonely here posting to yourself. I just dropped by to see what was going on. Sorry you got caught in this pos.

Ty...

[StupidMillennial]

You are 100% right on the "weak[paper] hands." My sells were hit too low and my buys got hit too high... but I haven't hit my stop loss line(not that I'm smart enough to put any shares in my stop loss). It's just a stupid line that I calculated on my chart... and then ignore out of fear... Hmmm... should probably put something in my stop loss...

[StupidMillennial]

Whoops. That wasn't meant to be a reply to coppatop! LOL sorry.

[StupidMillennial]

It's a crazy ride and NFT attracted the wrong sort of investors. Twitter is not due diligence. HOFV has exclusive NFT for the NFL. HOFV is not NFT. HOFV is going to explode once the post their revenues in the fall. The market was adjusting upward for that expectation before the idiot crypto swarm. It doesn't make sense for me to say anything bad about a company I'm actually still heavily invested in... but I'm long term. And I'm honest. HOFV is heavily stacked to win. If you have a 99% chance of making 2x of your money in 1 year... or a 0.1% chance of making 10x your money, YOU SHOULD TAKE THE MORE CERTAIN BET! You've trusted hocus pocus. You've trusted "your gut." Try something new; trust math. Read the corporate guidance for new investors!

https://s27.q4cdn.com/207235565/files/doc_presentations/2021/01/Investor-Presentation.pdf

[Coppatop]

Ooff continued to drop AH. Got slaughtered here.

[StupidMillennial]

Here's an email from Dec


The exercise price of the warrants is $11.50 per share of common stock at a conversion rate of 1.421333 shares per warrant. So each warrant entitles holders to purchase 1.421333 shares of common stock at a price of $11.50 per share for a total cost of $16.35 per warrant. The warrants expire in July 2025 or the company will have the option to force the conversion of the warrants to common shares if the HOFV common share price stays above an $18 average for a 30 day period.



Best,

HOFV Team

[Televet]

Anybody know the terms for the warrants?

[StupidMillennial]

Volume keeps going up... I guess that's one good thing about this NFT. It will put HOFV on other people's RADAR.

[StupidMillennial]

HOFV's only been nuts the past 4 days. News that they're selling NFTs is driving prices.

[wickerman]

$HOFV sold mine P/M they always dilute into news.

[Wallst_junkie]

Market has been crazy last few weeks

[StupidMillennial]

Who knows. Maybe that will happen. This is a bizarre environment. I can't make a single short term prediction.

[rtrstock]

Winter...haha I just want my money back now....

[Coppatop]

Hopefully it functions as support and we bounce.

[TheFinalCD]

HOFV 5.65 back to my alert price yesterday before running to 8.77 this morn

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162746253

[TheFinalCD]

I dont even use stops, but after today need to start


I had shares for sale in weBULL 8.88

it hit 8.77


big miss by .10


then in TDA had shares also


also I got to my computer late which didnt help anything


but if I had stops in they should have triggered

Lesson Learned

congrats to anyone and everyone who made profits trading this one.... definitely a tricky day

[StupidMillennial]

I think you'll see $8 by the winter or sooner. HOFV is a good company regardless of this NFT dance and 21% in 7Mo is respectable.

[cjstocksup]

She can also run up over a dollar fast as we all saw this AM. We can run up and add another $4.00 to the PPS with ease in afterhours like yesterday afterhours! Let's see if the big players want up to see $10.00 tomorrow.

[rtrstock]

Yeah in at 6.60, may never see that money again. Should have sold at 7.40

[Wallst_junkie]

She is all over the place, looking for a good spot to add

[cjstocksup]

It has been crazy most got shaken out in the AM from that dip then we ran to a new HOD (if I had been shaken it would have cost me 15K in my profits so by holding I was able to sell at my AM target when it took that sell out.) then the second shakeout has been lower but on less volume, likely stop losses as usual. I am holding all the new cheapies for the next big leg up ahead. People should stop trading these kind of stock with such tight stop losses IMO when they are hot and traded the float multiple times in a day. That is just weak hands.
HOFV

[StupidMillennial]

Yeah. I write algos too, but I'm not vicious and I actually never short(it's a bad strat for a company's long term health to hurt the investors). Plus I dislike debt as much as the WWII gen. I was doing really well until the big boys showed up with their slash and burning. Their algos are too tough(and I'm top 1% in Java). I rolled a probability matrix with some simple evolution. Some would call it an AI, but there's no such thing as an AI AFAIK. Here's what an average day of trading since Nov looked like for me:
"hr" : "=-------------------------=",
"today" : 1615979252262,
"todayString" : "2021-03-17 05:07:32",
<REDACTED>,
<REDACTED>,
<REDACTED>,
"plTotal" : {
<REDACTED>,
<REDACTED>,
<REDACTED>,
"averagePurchasePrice" : 2.6783050089445433,
"averageSellPrice" : 2.7151945080091555,
<REDACTED>,
<REDACTED>
},
<bunch of bits REDACTED>

EDIT: I accidentally showed the 22nd instead of something pre-slaughter.

[TheFinalCD]

I tried again 9k shares, its hard battling these algos right now


they are Brutal


Filled Sell 5000 HOFV Limit 6.1601 -- -- 12:38:42 03/24/21


Filled Sell 4000 HOFV Limit 6.13 -- -- 12:37:22 03/24/21


Filled Buy 1000 HOFV Limit 6.0092 -- -- 12:32:17 03/24/21

Filled Buy 1000 HOFV Limit 6.0299 -- -- 12:36:26 03/24/21


Filled Buy 1000 HOFV Limit 6.0799 -- -- 12:29:38 03/24/21


Filled Buy 1000 HOFV Limit 6.085 -- -- 12:26:03 03/24/21

[StupidMillennial]

I don't know. It's hard to say. I know it's going up regardless of sports betting or NFT. Just the theme destination alone is significant and they have presence in Vegas too so they'll still run sports betting(which has been recently less-regulated at a national level).

As for Ohio... It doesn't look like there are any bills on the docket this session for sports gambling. In fact there's one that is *slightly* anti-gambling as it partly lumps "usury" with gambling. That's a ridiculous stretch. I think there's a chance of that bill not dying in committee and even getting a chance to become law. The committee seems made up of people who are republican and the bill was made by a republican.

Regardless of whether this bill gets codified, it's not a concern for HOFV as far as I can see.

let me know if you find better search results
https://search-prod.lis.state.oh.us/solarapi/v1/general_assembly_134/bills/hb109/IN/00?format=pdf

[cjstocksup]

Added the cheapies again earlier now I am going to enjoy the next huge ride up.

[rtrstock]

What sort of reversal?

[StupidMillennial]

Yeah. But if I make another mistake, it wont be one I've already made this month(or hopefully year). I'm holding until my sell point this time. I have my trade trigger and I'm leaving it alone. For real. None of this "try to outsmart the market" BS. I can't. These guys are a different caliber than the people I've been winning against. I'm too stupid to invest in anything other than fundamentals/guidance and I'm(normally) wise enough to know it. I know this company is worth far more than it's at(regardless of the crypto). The fact that I've held $11.50ex warrants since Nov(before missing the big 3x in 2hrs), would attest to my comfort. Ignoring crypto, this is still a great investment. If Rome is failing, invest in the Colosseum. I wouldn't even be surprised if HOFV got to $30 in the next four years without crypto... Though it's looking like $15 is a possibility this or next week even.. NFT weirdos. I've nothing but lost money/opportunity the past couple days. I just don't get it... I have 18mo of savings, futures and TIPS. I just recently got my high tier options account! So I can now trade futures! I've always been the dumbest of the smart kids. On that cusp, I learned something that I share freely: Suffering seems to start when you think you're dumber or smarter than you actually are. I am 0% leveraged(I'm weird like that). Other than a remaining $100K on my house, I have no debt. I'm in the process of refinancing so I can sit on inflation-proofed cash like a weird ass dragon. ROOOAaaaarrrrrr! LOL. I can financially hold through any long squeeze. Now I just need to learn to relax. "Have a bit of sand" as my bus driver said(when I used to ride the bus). HOFV deserves a hold; it's a good company. Damnit, I can't believe I held for four months and sold 4 hours before my warrant nearly tripled -_-. Kicking myself. I just undid 2/4 months of grinding in 4 painful panicked hours. At least I've gotten a chance to improve my temperance. Hopefully I am learning from this chance. I'm writing all my thoughts down and reviewing my log so I know why I bought/sold securities. If we all did that, our economy would be more stable and more successful. I don't even know my own thoughts sometimes... how do I expect to anticipate other's thoughts?! I am only in on the warrant at this point. I have another 40% to stuff in if it drops lower. Otherwise, I'm putting that in my TIPS jar.