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Why States Are Betting On Sports Gambling To Cover Budget Deficits ! only a matter of time for HOFV !
https://www.forbes.com/sites/charlesnorton/2020/07/01/why-states-are-betting-on-sports-gambling-to-cover-budget-deficits/#3fdfc5455255
Why States Are Betting On Sports Gambling To Cover Budget Deficits
Charles Norton
Charles NortonContributor
Vices
I cover the investment side of alcohol, tobacco, and gambling.
Bellagio Resort In Las Vegas Demonstrates Coronavirus Safety Protocols Ahead Of Reopening
Ready for Action: Chairs are spaced out for social distancing at the sports book at Bellagio in Las ... [+] (PHOTO BY ETHAN MILLER/GETTY IMAGES)
Higher state budget deficits could serve as a potential catalyst for faster regulatory approval of sports betting, and its cousin, mobile casino gambling.
State budgets were already in trouble before the pandemic hit; in the ensuing months they have been outright devastated. With shuttered businesses and tens of millions of people left unemployed, state revenues are collapsing and costs are skyrocketing. The Center on Budget and Policy Priorities estimates a $615 billion fiscal hole in state budgets as a result of Covid-19 cumulatively over the next few fiscal years.
It’s untenable. State lawmakers around the country may look to legalize sports betting as a way to raise revenue. Commercial casinos generated over $10 billion in state and local gaming tax revenue last year, and that doesn’t include sales and income tax tied to casino gaming. State governments have gotten addicted to the lucrative tax revenue from casinos; legalizing sports betting is the next logical way to get a little more juice out of the same orange.
Nevada Casinos Reopen For Business After Closure For Coronavirus Pandemic
Wanna Bet: Sports gambling has finally expanded beyond Korean baseball. (PHOTO BY ETHAN MILLER/GETTY IMAGES)
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Plus, sports-betting operations can launch quickly, usually in under six months, and create tons of jobs. Mobile sportsbook apps let would-be bettors play from home when casinos are closed, and even without sports, companies like DraftKings have found things to let its customers bet on, from Korean baseball to e-sports and table tennis.
Sports betting is already legal in 18 states plus Washington D.C. – another four states have passed legislation but are not yet active – with tax rates varying widely but generally between 10% and 20% of revenue, the operator’s take after paying the winners. In total, sports betting will generate a modest $1 billion in taxable gross gaming revenue this year, with the vast majority coming from the four biggest markets of New Jersey, Nevada, Pennsylvania and Indiana.
HOFV + Stock Prediction + Watch Video Now !
Hall of Fame-themed Casino hotel in Las Vegas !
Hall of Fame Village themed Casino and Hotel in works since 2018 in collaboration of with Cesars Palace could generate billions in future revenue for HOFV.
https://www.indeonline.com/news/20190806/new-details-about-proposed-hall-of-fame-village-merger
Roger Goodell supports the hall of fame village !!
“We support the vision. ... The NFL could use Hall of Fame Village as a way to engage fans and reinvigorate its fan base.
https://www.cantonrep.com/news/20180803/roger-goodell-canton-will-play-huge-role-in-hosting-nfl-events
If you find a price of $250.00 Laughable on HOFV a NFL stock that generates over 20 billion per year then I am sure you found Tesla laughable at $17.00 , Disney when it was $3.00... Apple at $5.00 and hilarious when amazon was $20.00 !!
$250.00 Long term on HOFV is a conservative number.
Churchill Downs, Inc.
NASDAQ: CHDN is trading at $127.00 USD and operates horse race betting tracks. Do you honestly think the NFL, Sports betting, fantasy league, NFL casino themed and online gambling to name some of the over 20 rebvenues streams HOFV will be generating is anything less !!! this is a no brainer !
Before year end this will be $100.00 STOCK ! I hold over $300,000 in common stock and won't be selling a penny ! one of the best investments I have ever made. Have $100,000 on the sidelines buy up all the dips ! those that are patient when others are fearful will reap the greatest rewards.
CARVANA STOCK $7.00 + NOW $135.00 !!
Remember folks Caravana stock IPO was $15.00 in 2017. It fell has low as $6.80 in the first few weeks of trading before climbing steadily back to a stock price of $135.00 in 2020 !!
Shares will reach a base in the $9-10 range before this goes straight to $100.00.
The NFL has directly invested 10 million with potential to invest more. They are holding over 1 billion in NFL Memorabilia in there museum with some items said to be priceless.
The building structures alone will be worth over 1.5 billion when complete.
The price drop you see in temporary and just penny flippers, day traders and people selling there bonus shares. Remember anyone selling below $8.00 is taking a loss on the IPO price .
The insiders hold and institutional holders hold more then 70% of the authorized shares. The Float is less than 2.4M so to get us back to $15.00 would take less then a few hundred thousand buys. Think about that... on any good news we could see a jump to $50.00... that's how tiny the Float is !
NFL owners vote to invest in hall of fame village development, so can you !!
https://www.foxbusiness.com/sports/nfl-owners-invest-hall-of-fame-village-development
The NFL will invest up to $10 million in a mixed-use development neighboring the Pro Football Hall of Fame in Canton, Ohio.
The league’s owners voted in favor of the investment in the Johnson Controls Hall of Fame Village at their fall meeting this week, the Canton Repository reported.
This would mark the NFL’s first investment in the project, though former New Orleans Saints owner Tom Benson gave $11 million before his death, according to the report. A 23,000-seat stadium, which is part of the village and is used for local games and a concert venue, was built during the project’s $250-million first phase and was named after him.
It's unclear if the NFL plans to invest directly into the development or into stock of the publicly traded company developing the project.
The NFL did not immediately respond to a request for comment.
The Pro Football Hall of Fame in Canton, Ohio. (Credit: Pro Football Hall of Fame)
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The company behind the development, HOF Village LLC, announced in September that it was merging with publicly-traded Gordon Pointe Acquisition Corp. in a deal the companies valued at $390 million.
Mike Crawford, the CEO of HOF Village and the combined company, said they’re making “the equivalent of the ‘Disneyland’ of professional football.”
Shares of Gordon Pointe closed at $10.49 a share on Friday.
There are plans for the village to also include a hotel, office building, health care facility, retail space and an indoor water park.
Construction on the next phase is expected to cost $268 million, according to the report. Work is expected to get underway later this year or early next year.
“"We are leveraging a multi-dimensional approach to engage consumers by providing authentic storytelling through our media arm while bringing those stories to life in an immersive 3D environment unlike any other,” he said. “Importantly, the implementation of our integrated business model towards diversified future revenue streams and strong growth prospects positions us to drive creativity, efficiency and profitability as we work to connect with consumers in meaningful ways.”
Possible 140% Upside !!
https://seekingalpha.com/article/4356796-gordon-pointe-acquisition-and-hof-village-possible-140-upside-potential-2023
Gordon Pointe Acquisition And HOF Village: Possible 140% Upside Potential By 2023
Jul. 2, 2020 2:11 PM ET|11 comments | About: Gordon Pointe Acquisition Corp. (GPAQ), Includes: GPAQU
Anh Hoang
Anh Hoang
Long only, Deep Value, special situations, growth at reasonable price
Global Hidden Gems Portfolio
(2,754 followers)
Summary
Gordon Pointe is a blank check company, which is led by experienced management in the financial service and technology industry.
HOF Village is considered the unique platform with a sports stadium, resorts, and direct access to a large sports content base, thanks to the partnership with Pro Football Hall of Fame.
If HOF Village could deliver $44 million in adjusted EBITDA, the combined company could be worth $660 million, 140% upside from the current merger valuation.
Gordon Pointe Acquisition (NASDAQ:GPAQ) (HOFV), a special purpose acquisition company (SPAC), entered a business combination agreement with Hall of Fame (HOF) Village in September 2019. The two companies have spent more than nine months to negotiate and finalize the merger. We believe that the merger represents a good upside potential for Gordon Pointe's shareholders.
Management team has decades of experience in financial service and technology industries
What we like about Gordon Pointe is its experienced management team with high insider ownership. Gordon Pointe is led by chairman & CEO James Dolan. James Dolan has more than 40 years of experience in various industries, including financial services and technology. Previously, he was a senior executive for Federated Investors, a multi-billion-dollar global asset manager, for 19 years. He had also founded a SaaS company and sold it to a public listed FinTech company. Currently, James Dolan is sitting on the board of several financial service corporations, including TriState Capital Holdings and Plan Member Financial Corporation. Gordon Pointe's CFO is Douglas Hein, who has been working with James Dolan for more than 25 years during the time in Federated Investors, AccessData, and Voyager. James Dolan, directly and indirectly, holds more than 27.3% of the total shares outstanding in Gordon Pointe. Other large shareholders include AQR Capital Management, an investment firm with a $143 billion asset under management and Mizuho Financial Group.
HOF Village merger could create a lot of upside potential
HOF Village is one of the leading sports, entertainment, and content development companies. It is currently developing 200-acre mixed-use land in Canton, Ohio. This area is considered the ideal place for HOF Village because half of all NFL franchises are located within an eight-hour drive. There are around 32 million people living within a five-hour drive. Moreover, there are many direct flights to Canton from big airports in New York, Washington, D.C., Chicago, Atlanta, Tampa, and Texas.
Source: Gordon Pointe's presentation
HOF Village is considered a unique platform that has a sports stadium and resorts, and direct content access to original Pro Football content. It is expected to be the top tourist destination, attracting millions of visitors per year. It has three phases of development. Phase I is a $250 million investment to build Tom Benson HOF Stadium and National Youth Football & Sports Complex, which has been put into operation. Phase II, which is estimated to be completed by 2022, needs $268 million investment to build a waterpark, a hotel, an office building, and a convention center. Phase III, which is expected to be in operation from 2025 onwards, would have a luxury hotel and a multi-family housing.
Source: Gordon Pointe's presentation
The ongoing COVID-19 pandemic has affected many live sports events globally, including HOF Village's event. Recently, the Pro Football Hall of Fame Enshrinement Festival has been postponed to the beginning of August 2020. Although COVID-19 has adverse effects on HOF offline events, we like HOF Village due to its access to substantial original content base, via its partnership with The Pro Football Hall of Fame. With 40 million documents, 6 million photos, and 200 hours of historical videos, HOF Village could serve multiple media formats for primetime television, family shows, and kids programming. Moreover, HOF Village is discussing with legislators and strategic partners to form E-sports/Fantasy and Gaming, which could be another driver of HOF Village's potential growth.
By 2023, HOF Village expects to generate $131.4 million in revenue after completing its Phase II development. The three most significant revenue contributing segments would be waterparks (23%), stadium (21%), and sponsorships (19%).
Source: Gordon Pointe's presentation
Its adjusted EBITDA is expected to be around $44 million, with the EBITDA margin of 33.5%. By 2025, after completing phase III, HOF Village run rate EBITDA should come in at $100 million. With a 15x EV/EBITDA valuation, HOF Village should be worth $1.5 billion by 2025. By 2023, the 10x EBITDA valuation could translate into a $660 million valuation.
The merger structure would lead to a debt-free company, with a 40%/60% ownership split. Current GPAQ's founders and shareholders would own 40%, while existing HOF Village's shareholders would own 60% of the combined company. When the deal was announced in September 2019, GPAQ's cash in trust was $110.5 million. As a consequence, the deal valued HOF Village at only $276.25 million, just 10% higher than the original investment in Phase I development. Thus, the combined company could be worth 2.4x the current merger valuation in the next three years.
Potential risks
HOF Village generates most of its revenue from live events and festivals. As a result, the lockdown will have negative effects on the company's operating results. If the COVID-19 situation keeps getting worse, many festivals, including the Pro Football Hall of Fame Enshrinement Festival, might be delayed further, possibly to the next year. Moreover, the development of Phase II and Phase III might be delayed as well. As a result, HOF Village might not deliver the revenue and EBITDA target, resulting in lower valuation as projected.
Conclusion
The merger would create a lot of upside potential, thanks to HOF Village's vast development land for entertainment & sports, and its direct access to great Pro Football content in various media types. The expected post-transaction debt-free balance sheet would enable the combined company to raise more financing for more capital expenditures at cheap rates. If HOF Village could generate $44 million in adjusted EBITDA by 2023, it could give shareholders a potential 140% return in the next three years.
Possible 140% Upside !!!
Gordon Pointe Acquisition And HOF Village: Possible 140% Upside Potential By 2023
Jul. 2, 2020 2:11 PM ET|11 comments | About: Gordon Pointe Acquisition Corp. (GPAQ), Includes: GPAQU
Anh Hoang
Anh Hoang
Long only, Deep Value, special situations, growth at reasonable price
Global Hidden Gems Portfolio
(2,750 followers)
Summary
Gordon Pointe is a blank check company, which is led by experienced management in the financial service and technology industry.
HOF Village is considered the unique platform with a sports stadium, resorts, and direct access to a large sports content base, thanks to the partnership with Pro Football Hall of Fame.
If HOF Village could deliver $44 million in adjusted EBITDA, the combined company could be worth $660 million, 140% upside from the current merger valuation.
Gordon Pointe Acquisition (NASDAQ:GPAQ) (HOFV), a special purpose acquisition company (SPAC), entered a business combination agreement with Hall of Fame (HOF) Village in September 2019. The two companies have spent more than nine months to negotiate and finalize the merger. We believe that the merger represents a good upside potential for Gordon Pointe's shareholders.
Management team has decades of experience in financial service and technology industries
What we like about Gordon Pointe is its experienced management team with high insider ownership. Gordon Pointe is led by chairman & CEO James Dolan. James Dolan has more than 40 years of experience in various industries, including financial services and technology. Previously, he was a senior executive for Federated Investors, a multi-billion-dollar global asset manager, for 19 years. He had also founded a SaaS company and sold it to a public listed FinTech company. Currently, James Dolan is sitting on the board of several financial service corporations, including TriState Capital Holdings and Plan Member Financial Corporation. Gordon Pointe's CFO is Douglas Hein, who has been working with James Dolan for more than 25 years during the time in Federated Investors, AccessData, and Voyager. James Dolan, directly and indirectly, holds more than 27.3% of the total shares outstanding in Gordon Pointe. Other large shareholders include AQR Capital Management, an investment firm with a $143 billion asset under management and Mizuho Financial Group.
HOF Village merger could create a lot of upside potential
HOF Village is one of the leading sports, entertainment, and content development companies. It is currently developing 200-acre mixed-use land in Canton, Ohio. This area is considered the ideal place for HOF Village because half of all NFL franchises are located within an eight-hour drive. There are around 32 million people living within a five-hour drive. Moreover, there are many direct flights to Canton from big airports in New York, Washington, D.C., Chicago, Atlanta, Tampa, and Texas.
Source: Gordon Pointe's presentation
HOF Village is considered a unique platform that has a sports stadium and resorts, and direct content access to original Pro Football content. It is expected to be the top tourist destination, attracting millions of visitors per year. It has three phases of development. Phase I is a $250 million investment to build Tom Benson HOF Stadium and National Youth Football & Sports Complex, which has been put into operation. Phase II, which is estimated to be completed by 2022, needs $268 million investment to build a waterpark, a hotel, an office building, and a convention center. Phase III, which is expected to be in operation from 2025 onwards, would have a luxury hotel and a multi-family housing.
Source: Gordon Pointe's presentation
The ongoing COVID-19 pandemic has affected many live sports events globally, including HOF Village's event. Recently, the Pro Football Hall of Fame Enshrinement Festival has been postponed to the beginning of August 2020. Although COVID-19 has adverse effects on HOF offline events, we like HOF Village due to its access to substantial original content base, via its partnership with The Pro Football Hall of Fame. With 40 million documents, 6 million photos, and 200 hours of historical videos, HOF Village could serve multiple media formats for primetime television, family shows, and kids programming. Moreover, HOF Village is discussing with legislators and strategic partners to form E-sports/Fantasy and Gaming, which could be another driver of HOF Village's potential growth.
By 2023, HOF Village expects to generate $131.4 million in revenue after completing its Phase II development. The three most significant revenue contributing segments would be waterparks (23%), stadium (21%), and sponsorships (19%).
Source: Gordon Pointe's presentation
Its adjusted EBITDA is expected to be around $44 million, with the EBITDA margin of 33.5%. By 2025, after completing phase III, HOF Village run rate EBITDA should come in at $100 million. With a 15x EV/EBITDA valuation, HOF Village should be worth $1.5 billion by 2025. By 2023, the 10x EBITDA valuation could translate into a $660 million valuation.
The merger structure would lead to a debt-free company, with a 40%/60% ownership split. Current GPAQ's founders and shareholders would own 40%, while existing HOF Village's shareholders would own 60% of the combined company. When the deal was announced in September 2019, GPAQ's cash in trust was $110.5 million. As a consequence, the deal valued HOF Village at only $276.25 million, just 10% higher than the original investment in Phase I development. Thus, the combined company could be worth 2.4x the current merger valuation in the next three years.
Potential risks
HOF Village generates most of its revenue from live events and festivals. As a result, the lockdown will have negative effects on the company's operating results. If the COVID-19 situation keeps getting worse, many festivals, including the Pro Football Hall of Fame Enshrinement Festival, might be delayed further, possibly to the next year. Moreover, the development of Phase II and Phase III might be delayed as well. As a result, HOF Village might not deliver the revenue and EBITDA target, resulting in lower valuation as projected.
Conclusion
The merger would create a lot of upside potential, thanks to HOF Village's vast development land for entertainment & sports, and its direct access to great Pro Football content in various media types. The expected post-transaction debt-free balance sheet would enable the combined company to raise more financing for more capital expenditures at cheap rates. If HOF Village could generate $44 million in adjusted EBITDA by 2023, it could give shareholders a potential 140% return in the next three years.
1.8 million shares not cancelled yet !
Please note no SEC filing has not been issued confirming the 1.8M shares to be cancelled to offset the 42% share incentive.
Once this happens in coming days expect the stock price to double from $8.00 to $16.00 in value on same day on very light volume. With heavy volume and a great PR would could see a tripe or more ! so $36 - $100 !!
MARKET MANIPULATION + $100.00 COMING !
PLEASE NOTE THE STOCK IS NOW AVAILABLE ACROSS ALL PLATFORMS. INVESTORS TODAY RECEIVED THER 42 % INCENTIVE SHARES AND ARE SELLING FOR Q QUICK FLIP.
DAY TRADERS HAVE EXITED AND THE STOCK IS CREATING A BASE. YOU WON'T SEE THIS LOW PRICE AGAIN SO ITS A GREAT DAY TO ACCUMULATE BEFORE OUE NEXT LEG UP.
COMPANY WILL BE RETIRING OVER 1 MILLION SHARES IN COMING DAYS. INVESTOR RELATIONS WILL BE PUSHING OUT PRS, COVERAGE WILL BEGIN ON CNBC.
BUYING PRESSURE WILL START END OF DAY AND WILL CONTINUE UP FROM HERE. MARKET MAKERS AND SELLERS FLIPPING FOR 42% BONUS ARE CAUSING THE WEAK TO SELL.
HANG TIGHT AND STAY POSITIVE WE WILL BE OVER $20.00 IN COMING DAYS THEN SKY ROCKET UP TO $100.00 BEFORE MOVING HIGHER UP !
REMEMBER THE NFL WON'T LET THIS FAIL NORE WILL THE CEO WHO IS AN X DISNEY EXECUTIVE. AS HE SAID " THIS PROJECT WILL BE THE GREATEST ACCOMPLISHMENT OF HIS CAREER " IT WILL BE HIS LEGACY AS WELL AS THAT OF THE NFL !
EXTREMELY UNDERVALUED... LEVEL 2 SHOWING A POSSIBLE REVERSAL THIS AFTERNOON. LAST CHANCE TO GET IN CHEAP ! MARK THIS POST AND REMEMBER ! THE NUMBERS DON'T LIE...
THIS IS LIKE BUYING DISNEY AT $5.00 !!
HOFV / NFL # 1 SPAC PLAY
THE LOWEST FLOAT OF ALL SPAC PLAYS, HIGHEST AMOUNT OF UPSIDE, THE MOST UNDER VALUED !!
WE ARE ALSO THE SAFEST AND ARE A LONG TERM GROWTH STOCK WITH MULTIPLE REVENUE STREAMS WORTH IN THE BILLIONS.
THIS IS A ONCE IN A LIFETIME TO GET IN ON THE GROUND FLOOR OF THE NEXT DISNEY!
PLEASE NOTE OTHER HYPE SPAC PLAYS WILL BE A FAILURE EXAMPLE:
SHLL
NKLA
GRAF
FMCI
ELON MUSK HAS CALLED HYDROGEN FUEL CELLS " FOOL CELLS " AND SAYS "USING THEM TO POWER VEHICLES IS MIND-BOGGLINGLY STUPID " USING HYDROGEN TO STORE ENERGY CAN NEVER BE AS EFFICENT AS STORING ELECTRICITY IN A BATTERY.
AS FAR AS LIDAR IS CONCERNED ELON MUSK SAYS " ANYONE RELYING ON LIDAR IS DOOMED "
DESPITE THIS PEOPLE ARE STILL BUYING - NKLA - SHLL - GRAF
REMEMBER PEOPLE BUYING THESE STOCKS ARE BETTING AGAINST ELON MUSK !
LASTLY FMCI IS BEING HYPED AND COMPARED TO BEYOND MEAT... THE ONLY DIFFERENCE IS THAT BYND IS IN THE CATEGORY OF DISRUPTION STOCKS BY PRODUCING A FAKE MEAT PRODUCT THAT IS IDENTICAL TO THE REAL THING.. CHALLENGING THE WHOLE MEAT INDUSTRY. IMPOSSIBLE MEAT WHICH WILL IPO SOON WILL ALSO CREATE A FAKE MEAT THAT WILL BE GROWN IN A LAB AND IDENTICAL TO THE REAL THING. INFACT ITS SAID YOU WONT BE ABLE TO TELL THE DIFFERENCE. BOTH THESE COMPANIES WILL DISRUPT THE MEAT PROCESSING FOOD CHAIN AND POSSIBLY ELIMINATE THE FUTURE OF SLAUGHTER HOUSES , UNETHICAL PRACTICES NO DEPENDENCE OF ANIMALS AS A SOURCE OF FOOD AND BECOME A MORE HUMAN SOCIETY.
THEY ALSO HAVE FUNDING AND BACKING FROM BILLIONAIRES LIKE BILL GATES AND CELEBRITIES LIKE LEONARDO DICAPRIO , ORGANIZATIONS SUCH AS PETA AND BILLIONAIRE ANGEL INVESTORS.
FMCI DID NOT MERGE WITH IMPOSSIBLE MEAT WHICH WOULD HAVE BEEN HUGE BUT INSTEAD MERGED WITH A NO NAME COMPANY CALLED " TATTOOED CHEF " A PLANT BASED FOOD COMPANY THAT DOES NOT MAKE A FAKE MEAT PROUCT AND DOES NOT COMPETE IN THE SAME FIELD. PLANT BASED PRODUCTS HAVE BEEN AROUND SINCE FROZEN FOOD CATEGORY WAS CREATED.
THEY WONT BE DISRUPTING THE MEAT INDUSTRY OR CONVINCING PEOPLE TO STOP EATING MEAT AS THEY DON'T SELL A FAKE MEAT SUBSTITUTE. I DON'T THINK PEOPLE GET THIS. BYND AND IMPOSSIBLE MEATS ARE DISRUPTIVE STOCKS LIKE TESLA AND CAN HAVE THE SAME GROWTH TRAJECTORY.
NOTHING SPECIAL HERE FROM A TECHNOLOGY PERSPECTIVE UNLIKE BYND OR IMPOSSIBLE AND NOTHING THAT WILL CHANGE THE WORLD. THEY ARE NOT IN THE SAME CATEGORY AS THESE COMPANIES BUT ARE BEING HYPED AS THE NEXT BYND. THIS IS EQUIVALENT OF SAYING GAP CLOTHING IS THE NEXT GUCCI ! YET PEOPLE ARE STILL BUYING...
PLEASE DO YOU DD AND BUY QUALITY SPAC PLAYS THAT HAVE ZERO CHANCE OF A DOWNSIDE AND ARE SAFE LIKE HOFV / NFL BUYING HOFV AT $10.00 IS LIKE BUYING DISNEY STOCK AT $5.00 ! LOOK AT THE PEOPLE HOLDING THE STOCK, WHO ITS BACKED BUY AND THE MULTIPLE CHAINS OF REVENUE IT HAS. THE NFL GENERATES OVER 28 BILLION A YEAR AND IS PRIVATE. THIS IS YOUR CHANCE TO INVEST IN THE FUTURE. THIS PROJECT IS ONE OF A KIND AND THE ONLY ONE IN THE WORLD BACKED BY A DISNEY EXECUTIVE AND INVESTMENT FROM THE NFL ! NOT TO MENTION THE GOVERNMENT + MUTUAL FUNDS + INSTITUTIONAL INVESTORS AND PRIVATE ANGEL INVESTORS WHO ARE X NFL PLAYERS. THIS IS A NO BRAINER WITH ZERO DOWN RISK !
NFL COMMINSIONER ROGER GOODELL + HOFV !!
NFL ROGER GOODELL WILL PLAT A HUGE ROLE IN HOSTING NFL EVENTS AT THE HALL OF FAME RESORT & ENTERTAINMENT COMPANY. GOODELL HAS PUBLICLY STATED HOFV WILL BE HUGE ! AND WILL DO EVERYTHING IN HIS POWER TO SEE IT IS GREAT SUCCESS.
ALTHOUGH THE NFL IS A PRIVATE COMPANY THAT IS SAID TO GENERATE OVER 20B A YEAR IN REVENUES, GOODELL HAS SAID THE NFL WILL BE SUPPORTING HOFV HAS IT IS THE PRIDE OF THE NFL. WITH AN ALREADY 10M INVESTMENT FROM THE NFL THEY COULD SEE THAT GROWN EVEN GREATER !
https://www.cantonrep.com/news/20180803/roger-goodell-canton-will-play-huge-role-in-hosting-nfl-events
HOFV + DISNEY + NFL
https://www.nfl.com/100/experiences/disney/
HOFV FUTURE NFL SUPER BOWL HOST !!
https://sbinohio.com/2018/02/03/could-ohio-host-the-superbowl-yes-heres-how/
BUY RECOMMENDATION ON HOFV + 140% UPSIDE !!
https://seekingalpha.com/article/4356796-gordon-pointe-acquisition-and-hof-village-possible-140-upside-potential-2023
HOFV FANTASY FOOTBALL LEAGUE A 18.6B YEAR INDUSTRY
https://www.bizjournals.com/cleveland/news/2020/06/15/canton-hall-of-fame-village-owner-buys.html
https://www.sportsmanagementdegreehub.com/fantasy-football-industry/
HOFV Hotel + 250M yearly Revenues !!
When constructed " The Hall Of Fame Village & Entertainment " 4 Star Luxury one of a kind hotel will generate approximately 250M yearly in revenues !!
The upscale 243-room Hall of Fame Hotel is designed by HKS Architects. Among the highlights are:
345,400 square feet
Four food & beverage offerings including a farm-to-table restaurant offering modern American cuisine which highlights local artisans; lobby lounge featuring an expansive selection of craft cocktails, regional microbrews and local wines; a market shop and coffee bar
Grand lobby with 40-foot ceilings
Over 25,000 square feet of Conference & Special Event space including a 10,000-square foot ballroom, state-of-the-art theatre with private reception rooms, VIP Perch/Conference Space and several flexible meeting rooms
Technology center
Business center
Indoor Pool with Fitness Center & Spa
Multi-Tenant Retail Space featuring a Shula’s Steakhouse
100% Wi-Fi coverage throughout the hotel
https://www.johnsoncontrols.com/insights/2017/enterprise/features/johnson-controls-hall-of-fame-village-hotel-groundbreaking
HOFV + CESARS PALACE = $250.00 + STOCK PRICE
$10.56 After Hours !!
If you still have not purchased any shares and are on the sidelines buy now in after hours ! its has already claimed to $10.56 up from its closing price of $9.30
Wont be surprised if over the long weekend people end up taking a position and the stock opens at $20.00 in pre market Monday morning.
remember the company has not retired its shares yet via a SEC filing. The upside in ridiculous ! we just received our first buy recommendation with a conservative estimate of an upside of 140%
Anything under $50.00 is a steal and you will get 100% return with in the year ! After hours market closes at 8pm ! last chance to load the boat before this stock is allowed to be traded on all platforms next week !
you could be right ! but the sec filling does not say an increase of 42% will be made to the Float... just a removal or retirement of shares , at the same time increasing the amount of shares held by investors by 42%. This is how I read it which would place a float of under 1.5M on HOFV. Once the new SEC filing is released before July 15th 2020 we will know exactly what they do. Thanks !
FIRST BUY RECOMMENDATION ISSUED !
Gordon Pointe Acquisition And HOF Village: Possible 140% Upside Potential By 2023
Jul. 2, 2020 2:11 PM ET|3 comments | About: Gordon Pointe Acquisition Corp. (GPAQ), Includes: GPAQU
Anh Hoang
Anh Hoang
Long only, Deep Value, special situations, growth at reasonable price
Global Hidden Gems Portfolio
(2,661 followers)
Summary
Gordon Pointe is a blank check company, which is led by experienced management in the financial service and technology industry.
HOF Village is considered the unique platform with a sports stadium, resorts, and direct access to a large sports content base, thanks to the partnership with Pro Football Hall of Fame.
If HOF Village could deliver $44 million in adjusted EBITDA, the combined company could be worth $660 million, 140% upside from the current merger valuation.
Gordon Pointe Acquisition (NASDAQ:GPAQ) (HOFV), a special purpose acquisition company (SPAC), entered a business combination agreement with Hall of Fame (HOF) Village in September 2019. The two companies have spent more than nine months to negotiate and finalize the merger. We believe that the merger represents a good upside potential for Gordon Pointe's shareholders.
Management team has decades of experience in financial service and technology industries
What we like about Gordon Pointe is its experienced management team with high insider ownership. Gordon Pointe is led by chairman & CEO James Dolan. James Dolan has more than 40 years of experience in various industries, including financial services and technology. Previously, he was a senior executive for Federated Investors, a multi-billion-dollar global asset manager, for 19 years. He had also founded a SaaS company and sold it to a public listed FinTech company. Currently, James Dolan is sitting on the board of several financial service corporations, including TriState Capital Holdings and Plan Member Financial Corporation. Gordon Pointe's CFO is Douglas Hein, who has been working with James Dolan for more than 25 years during the time in Federated Investors, AccessData, and Voyager. James Dolan, directly and indirectly, holds more than 27.3% of the total shares outstanding in Gordon Pointe. Other large shareholders include AQR Capital Management, an investment firm with a $143 billion asset under management and Mizuho Financial Group.
HOF Village merger could create a lot of upside potential
HOF Village is one of the leading sports, entertainment, and content development companies. It is currently developing 200-acre mixed-use land in Canton, Ohio. This area is considered the ideal place for HOF Village because half of all NFL franchises are located within an eight-hour drive. There are around 32 million people living within a five-hour drive. Moreover, there are many direct flights to Canton from big airports in New York, Washington, D.C., Chicago, Atlanta, Tampa, and Texas.
Source: Gordon Pointe's presentation
HOF Village is considered a unique platform that has a sports stadium and resorts, and direct content access to original Pro Football content. It is expected to be the top tourist destination, attracting millions of visitors per year. It has three phases of development. Phase I is a $250 million investment to build Tom Benson HOF Stadium and National Youth Football & Sports Complex, which has been put into operation. Phase II, which is estimated to be completed by 2022, needs $268 million investment to build a waterpark, a hotel, an office building, and a convention center. Phase III, which is expected to be in operation from 2025 onwards, would have a luxury hotel and a multi-family housing.
Source: Gordon Pointe's presentation
The ongoing COVID-19 pandemic has affected many live sports events globally, including HOF Village's event. Recently, the Pro Football Hall of Fame Enshrinement Festival has been postponed to the beginning of August 2020. Although COVID-19 has adverse effects on HOF offline events, we like HOF Village due to its access to substantial original content base, via its partnership with The Pro Football Hall of Fame. With 40 million documents, 6 million photos, and 200 hours of historical videos, HOF Village could serve multiple media formats for primetime television, family shows, and kids programming. Moreover, HOF Village is discussing with legislators and strategic partners to form E-sports/Fantasy and Gaming, which could be another driver of HOF Village's potential growth.
By 2023, HOF Village expects to generate $131.4 million in revenue after completing its Phase II development. The three most significant revenue contributing segments would be waterparks (23%), stadium (21%), and sponsorships (19%).
Source: Gordon Pointe's presentation
Its adjusted EBITDA is expected to be around $44 million, with the EBITDA margin of 33.5%. By 2025, after completing phase III, HOF Village run rate EBITDA should come in at $100 million. With a 15x EV/EBITDA valuation, HOF Village should be worth $1.5 billion by 2025. By 2023, the 10x EBITDA valuation could translate into a $660 million valuation.
The merger structure would lead to a debt-free company, with a 40%/60% ownership split. Current GPAQ's founders and shareholders would own 40%, while existing HOF Village's shareholders would own 60% of the combined company. When the deal was announced in September 2019, GPAQ's cash in trust was $110.5 million. As a consequence, the deal valued HOF Village at only $276.25 million, just 10% higher than the original investment in Phase I development. Thus, the combined company could be worth 2.4x the current merger valuation in the next three years.
Potential risks
HOF Village generates most of its revenue from live events and festivals. As a result, the lockdown will have negative effects on the company's operating results. If the COVID-19 situation keeps getting worse, many festivals, including the Pro Football Hall of Fame Enshrinement Festival, might be delayed further, possibly to the next year. Moreover, the development of Phase II and Phase III might be delayed as well. As a result, HOF Village might not deliver the revenue and EBITDA target, resulting in lower valuation as projected.
Conclusion
The merger would create a lot of upside potential, thanks to HOF Village's vast development land for entertainment & sports, and its direct access to great Pro Football content in various media types. The expected post-transaction debt-free balance sheet would enable the combined company to raise more financing for more capital expenditures at cheap rates. If HOF Village could generate $44 million in adjusted EBITDA by 2023, it could give shareholders a potential 140% return in the next three years.
Float under 1.18M !!
2.8M Float was pre-merger, you need to cancel or retire the 42% off the float to adjust for stock incentives of the equal amount distributed to the share holders.
IMHO the float will decrease close to 1.18M from 2.8M inorder to balance the 42% given for share incentives.
The float should not increase in size. In the advent it does it won't make much difference considering management and initial investors hold 51% of Float.
This will still be the smallest SPAC play listed. FMCI expected to go to $150.00 in a year from the current price of $17.00 has a float of 19M
Once shares have been retired ( which has not be executed by management yet ) and needs to be done by July 15th 2020. The total number of Float would be 2.8M - 1.62M = 1.18M APROX !
So with only 1.18M Float on any little good news this will climb past $100.00 EASY !
Seeking Alpha just released the first buy recommendation with an upside potential of 140% by 2023. Based on evaluation of 660M which is far below conservative estimates. Once the project is completed by 2025 the project value it self in assets will be worth over 1.3B alone.
Can you imagine once revenue streams are announced from there recently purchased fantasy foot ball league, Cesars palace casino joint venture, online gambling, sports betting, concerts, NFL games, Aqua park, retail stores, restaurants, hotels, museums, etc start to generate billions a year in revenues !
This will be over $250.00 conservatively and could reach Disney evaluations status. Remember the management team is stellar being led by an ex Disney executive. The NFL has over 10M invested and could see that increase upto 100M.
For those that think $250.00 is a ridiculous price and can't be achieved with in a year please look at Disney stock ticker symbol DIS $112.00 NYSE.
There share has split 6 times and today would be worth over $30,000 a share if there was no splits ! think about that ! before you think a short term target of $250.00 is not realistic in a 1.18M float that will be the second largest resort in the United States after Disney.
Please also note that if FMCI another SPAC play at $17.00 is getting price evaluation of $150.00 this year how is HOFV going to $250.00 in the same time period that far fetched. FMCI has a Float of 19M vs HOFV at 1.1M. No brainer this is going to be a beast once this gets on the radar of more people.
For those members on Stocktwits ... please write to member ( 30aturtle ) and please ask him to update his DD on HOFV in light of all positive recent developments. Thank you all ! and stay positive. Don't be influenced by negative posts, fake DD and small minds.
I have spent 2 months on researching and only provide you with the most update facts to help you make better investment so that all can profit !
** Possible 140% Upside ! **
Gordon Pointe Acquisition And HOF Village: Possible 140% Upside Potential By 2023
Jul. 2, 2020 2:11 PM ET|3 comments | About: Gordon Pointe Acquisition Corp. (GPAQ), Includes: GPAQU
Anh Hoang
Anh Hoang
Long only, Deep Value, special situations, growth at reasonable price
Global Hidden Gems Portfolio
(2,661 followers)
Summary
Gordon Pointe is a blank check company, which is led by experienced management in the financial service and technology industry.
HOF Village is considered the unique platform with a sports stadium, resorts, and direct access to a large sports content base, thanks to the partnership with Pro Football Hall of Fame.
If HOF Village could deliver $44 million in adjusted EBITDA, the combined company could be worth $660 million, 140% upside from the current merger valuation.
Gordon Pointe Acquisition (NASDAQ:GPAQ) (HOFV), a special purpose acquisition company (SPAC), entered a business combination agreement with Hall of Fame (HOF) Village in September 2019. The two companies have spent more than nine months to negotiate and finalize the merger. We believe that the merger represents a good upside potential for Gordon Pointe's shareholders.
Management team has decades of experience in financial service and technology industries
What we like about Gordon Pointe is its experienced management team with high insider ownership. Gordon Pointe is led by chairman & CEO James Dolan. James Dolan has more than 40 years of experience in various industries, including financial services and technology. Previously, he was a senior executive for Federated Investors, a multi-billion-dollar global asset manager, for 19 years. He had also founded a SaaS company and sold it to a public listed FinTech company. Currently, James Dolan is sitting on the board of several financial service corporations, including TriState Capital Holdings and Plan Member Financial Corporation. Gordon Pointe's CFO is Douglas Hein, who has been working with James Dolan for more than 25 years during the time in Federated Investors, AccessData, and Voyager. James Dolan, directly and indirectly, holds more than 27.3% of the total shares outstanding in Gordon Pointe. Other large shareholders include AQR Capital Management, an investment firm with a $143 billion asset under management and Mizuho Financial Group.
HOF Village merger could create a lot of upside potential
HOF Village is one of the leading sports, entertainment, and content development companies. It is currently developing 200-acre mixed-use land in Canton, Ohio. This area is considered the ideal place for HOF Village because half of all NFL franchises are located within an eight-hour drive. There are around 32 million people living within a five-hour drive. Moreover, there are many direct flights to Canton from big airports in New York, Washington, D.C., Chicago, Atlanta, Tampa, and Texas.
Source: Gordon Pointe's presentation
HOF Village is considered a unique platform that has a sports stadium and resorts, and direct content access to original Pro Football content. It is expected to be the top tourist destination, attracting millions of visitors per year. It has three phases of development. Phase I is a $250 million investment to build Tom Benson HOF Stadium and National Youth Football & Sports Complex, which has been put into operation. Phase II, which is estimated to be completed by 2022, needs $268 million investment to build a waterpark, a hotel, an office building, and a convention center. Phase III, which is expected to be in operation from 2025 onwards, would have a luxury hotel and a multi-family housing.
Source: Gordon Pointe's presentation
The ongoing COVID-19 pandemic has affected many live sports events globally, including HOF Village's event. Recently, the Pro Football Hall of Fame Enshrinement Festival has been postponed to the beginning of August 2020. Although COVID-19 has adverse effects on HOF offline events, we like HOF Village due to its access to substantial original content base, via its partnership with The Pro Football Hall of Fame. With 40 million documents, 6 million photos, and 200 hours of historical videos, HOF Village could serve multiple media formats for primetime television, family shows, and kids programming. Moreover, HOF Village is discussing with legislators and strategic partners to form E-sports/Fantasy and Gaming, which could be another driver of HOF Village's potential growth.
By 2023, HOF Village expects to generate $131.4 million in revenue after completing its Phase II development. The three most significant revenue contributing segments would be waterparks (23%), stadium (21%), and sponsorships (19%).
Source: Gordon Pointe's presentation
Its adjusted EBITDA is expected to be around $44 million, with the EBITDA margin of 33.5%. By 2025, after completing phase III, HOF Village run rate EBITDA should come in at $100 million. With a 15x EV/EBITDA valuation, HOF Village should be worth $1.5 billion by 2025. By 2023, the 10x EBITDA valuation could translate into a $660 million valuation.
The merger structure would lead to a debt-free company, with a 40%/60% ownership split. Current GPAQ's founders and shareholders would own 40%, while existing HOF Village's shareholders would own 60% of the combined company. When the deal was announced in September 2019, GPAQ's cash in trust was $110.5 million. As a consequence, the deal valued HOF Village at only $276.25 million, just 10% higher than the original investment in Phase I development. Thus, the combined company could be worth 2.4x the current merger valuation in the next three years.
Potential risks
HOF Village generates most of its revenue from live events and festivals. As a result, the lockdown will have negative effects on the company's operating results. If the COVID-19 situation keeps getting worse, many festivals, including the Pro Football Hall of Fame Enshrinement Festival, might be delayed further, possibly to the next year. Moreover, the development of Phase II and Phase III might be delayed as well. As a result, HOF Village might not deliver the revenue and EBITDA target, resulting in lower valuation as projected.
Conclusion
The merger would create a lot of upside potential, thanks to HOF Village's vast development land for entertainment & sports, and its direct access to great Pro Football content in various media types. The expected post-transaction debt-free balance sheet would enable the combined company to raise more financing for more capital expenditures at cheap rates. If HOF Village could generate $44 million in adjusted EBITDA by 2023, it could give shareholders a potential 140% return in the next three years.
https://seekingalpha.com/article/4356796-gordon-pointe-acquisition-and-hof-village-possible-140-upside-potential-2023?utm_medium=email&utm_source=seeking_alpha&mail_subject=anh-hoang-gordon-pointe-acquisition-and-hof-village-possible-140-upside-potential-by-2023&utm_campaign=rta-author-article&utm_content=link-0
Share retiring not done !
Please note the company has yet to retire over 1.6M in shares before the July 15Th 2020. The SEC forms indicate this has not beed done yet.
Once this is done expect the share price to go parabolic. Accumulate has many shares as you can now ! Don't be shaken our by market manipulation by selling your shares cheap so they can buy and then run this past $100.00 inc coming days !
HOFV + $100/250.00 coming !
Company still has not filed SEC forms to retire 1M + shares to offset 42% stock incentives.
They must file SEC forms before July 15th 2020 which is the last day of the finalized merger. Many platforms still not available for trade. Td Waterhouse for example has changed Ticker symbol but not adjusted shares incentive of 42%.
Once the shares are retired, Platforms have allowed 42% extra in shares and it becomes tradable along all platforms this will skyrocket.
Going into weekend we have the possibility of more news ! Hedge funds, institutional ownership will increase and private investors will be able to trade.
With the smallest Float of any Spac play, media , CNBC and NFL news coming... this will run from in coming weeks past $100.00 and can go has high as $250.00.
If you want to see a similar play look at NKLA. Went from 9.75 to 95.00 in a few weeks. This has way more potential , more then 15 revenue streams, ( including fantasy football leagues, Cesars Palace Casino Joint Venture, Gambling, online betting, Hosting NFL games etc ) and has the potential to have revenues of 15 billion a year in the next 5 years. Present Market Cap is extremely undervalued. Fair price should be $90.00 right now !
Be patient next week this will start a parabolic move upwards. As soon as the market makers let this go with such a tiny float we can see $20-30 dollar moves up a day ! Don't get shaken out and hold your shares for a huge payday. Market is being manipulated they will let it run soon. next stop $100.00 and will get there in a few days only.
As we are going into a long weekend I would suggest buying has much as you can... don't be surprised if on Monday we are up to $20.00 pre market !
Holding over 30,000 shares and will sell 25 percent at $100.00 another 25% at $250.00 and will keep the rest for retirement.
GPAQ + Millionaire Maker Stock
This is what you are investing in ! Once in a lifetime to get in on the ground floor. Those that buy and hold will be rewarded beyond belief. The amount of growth this stock will see is mind blowing. Revenues going from 150m to 15 billion per year !
This would be like buying Tesla at $17.00
GPAQ + $100.00
ChurchHill Downs is a racetrack in Kentucky that has sports betting their business. The stock is $133...If anyone thinks that this deal isn't extremely undervalued, you are clinically insane. NFL is 100x bigger than horse racing. That doesn't even count the
$7B
fantasy football industry, online sports betting, and partnerships with Caesar's hotel in Vegas.
You think NKLA/DKNG/SHLL/TSLA/FMCI evaluation is based on reality???? Similar to GPAQ ( HOFV ) the price set will be based on forward revenue projections of generating more then 15 billion a year which means at a fair PE ratio of 22 ( which is low to its industry standards) your looking at a future stock price of over $150.00 - $250.00.
If you think that is a high valuation remember Disney with no stock splits is worth over $30,000 a share ! This will be the second largest resort and entrainment facility second only to Disney. Oh and there CEO is 25 year veteran who is an X- Disney Executive.
Investors in the Walt Disney Company's (DIS) initial public offering (IPO) who held onto their investments would be very happy with their returns. If you had invested $1,000 in Disney's IPO on November 12, 1957, not including dividend reinvestment, your investment would be worth $3.099 million as of June 24, 2020. This represents a compound annual growth rate of 14%.
Not sure you understand what an incentive share allotment is, once again don't be confused to think this is a forward stock split or bonus shares plan.
The retirement of shares means there is no increase in retail supply + more then 55% of the float is held by insiders and hedge funds. The float is only 2.8M, once the ticker changes and the press and media get hold of this you think we will be staying at a price of $12's for long ????
The 42% incentive will be eaten up and will have almost no effect on the stock price. Look what happened to Disney when they gave a stock incentive to there share holders. On the day the holders receievd there shares the stock went up !
of course it will matter when the company retires 42% of shares to offset the 42% increase in shares it is giving certain share holders.
This is basic supply and demand. Remember this is not a forward stock split or bonus shares scenario. This are incentive shares to those that held through the merger.
Of course there might be some that sell to lock in some profits but the market will decide what happens to the share price.
An argument can be made that the share price also goes up after the retirement of over 1.8M shares!
Best strategy is buy and hold so not only do you gain when this reaches $100.00 + you get incentive shares.
Those that are buying stock to sell on a 42% gain will miss out the opportunity for 1000% Gaines in the short term.
Do the math its a no brainer and not like other space that are based on a hope and a dream. Here are a few highlights again:
1) The project will be supported, funded and owed by the government and city of Cleveland.
2) The taxes this project creates will be the highest in its history similarly to Disney and everything will be done to make sure it is successful.
3) Over 1 billion in assets when project is complete
4) Fantasy football league to generate billions
5) Over 40 million annual visitors a year possible according to there DD
6) Partnership with Cesars casino to create NFL themed casino
7) Online Gambling + Sports betting
8) NFL games being played here
9) Concerts, Retail Space, Restaurants, Aqua Park etc..
10) Museums, Hotels, Commercial space, training camps,
11) Future business possibilities rumoured? tie up with amazon for transport and logistics + Tesla joint venture to provide HOVF with Solar city lights + vehicles to be the first resort in the world to be off grid and with no carbon foot print + online platform to be built by shoplift etc...
$GPAQ 1: 1:42 Explanation.
This board seems to be filling up with questions regarding the 1:1.42 post merger conversion. A lot of people are saying the price will drop to compensate for dilution. The way I understood it is 1,185,741 of founder shares are getting cancelled to mitigate any dilution/price correction. There are approximately 2,873,000 shares in the public float which this 1:1.42 would apply to. 1,185,741 is 41.2% of 2,873,000 which accounts for the 1.42.
The way I understood it is it’s a coronavirus-triggered incentive to not redeem shares and to hold through the merger and they have set it up as so. If I’m wrong feel free to let me know, but I’d hate to see people start dumping before the merger to catch a price correction that never happens...
The extra 42% shares will be added to your trading account with out you having to do anything when the ticker symbol changes over to HOFV. In my opinion it will happen in the next three days to mitigate the company having to give out more shares than needed instead of closer to the deadline of July 15th 2020.
Despite Covid-19, the NFL will open !! GPAQ + $100.00
The NFL has told teams that training camp will go ahead as scheduled, with the bulk of players reporting July 28th and rookies and select players, like quarterbacks, allowed to report earlier. This news coincides with the U.S. also seeing a spike in Covid-19 cases.
The NFL has created a 13-page document listing guidelines for social distancing protocols during the Covid-19 pandemic. Even if these protocols are strictly adhered to, we are still in uncharted territory with no assurances that Covid-19 will be controlled.
Cleveland Browns coach Kevin Stefanski says,
All offseason long, we’ve had a plan, and we’re ready to pivot. We have a plan for the players to get back up here. I’ve encouraged our players to stay safe, and that’s from the moment we started talking to these guys back in April. I’ve told them that the No. 1 priority is their safety and their family, and we want to make sure we’re here for them and providing every resource for them.
Whatever the rules are, I am ready to abide by them and adhere to them. We have a plan. If that plan won’t do, another one must. We will be ready.
The NFL will need to be both strict and flexible to keep pace with the virus. At this point we are still very much in wait to see mode. Covid-19 can’t be controlled 100 percent, but the NFL doesn’t believe they can stop it completely, which is a good starting point for controlling it enough to play football this season.
According to SEC filling you have until the ticker symbol changes to HOFV to get the 42% extra shares. So yes you can still buy until July 15TH 2020 or before the ticker changes over from GPAQ to HOFV.
Not sure if the symbol GPAQ trades with Td Ameritrade. Best to call your broker and ask how to buy and what trading platform based on the area you live in.
OPES stock another SPAC play had there share holder vote today to merge with burger FI. It was approved and the stock fell. Most SPACS fall once the merger has been voted and approved because day traders selling on news.
So yes today was the last dip in my humble opinion. Tomorrow should see a journey to climb unto to $20.00 at which point I think in the next few days we should see the 42% increase with the company cancelling shares to balance out any selling. You might see another small dip before this continues to climb past $20.00 and follow the same path of NKLA when news gets out in the media and the stock is let go by market makers.
This stock is heavily manipulated so don't get shaken out for pennies or 42% Gaines when you can be holding a stock worth over $100.00 this year ! The stock traded over 1M shares today + has a tiny float of only 2.8M and broke through an all time high.
Thanks
They have until July 15th 2020 according to SEC filing. NKLA/VTIQ changed with in a few days of voting yes on merger. As soon as ticker changes to HOFV - NASDAQ you will automatically get 42% more shares + the company has agreed to cancel over 1M shares to offset any selling.
Basically the share price might drop slightly due to people wanting to lock in profits but the stock won't fall significantly and will recover quickly.
The huge money to be made on GPAQ is holding the stock long term and not selling after the 42% because once the ticker changes to HOFV the stock will be available on over 100 trading platforms to people around the world who did not have access to it under the ticker GPAQ like
E-Trade
Thinkorswim
Ally Financial
TD Ameritrade
Fidelity
Charles Schwab
E*TRADE
Interactive Brokers
Merrill Edge
TradeStation
Also remember there is ZERO publicity on the stock. Most of the media attention will come after the ticker change. This will be covered on CNBC, MAD MONEY, Jim Cramers show and other financial news outlets. Not to mention the hall of fame village has tons of press releases they have been holding back on that will raise the value of the shares once ticker changes over.
The NFL will open in 2020 and have games being played here this year ! Hedge funds and private institutions will be able to buy.
This stock will have a cult like following, similar to FMCI/NKLA/SHLL/ there is a drop from selling on the news and then a steady climb up. I am holding till this hits $100.00 with my 42% and will only consider selling a small portion for profits.
Financials compared to Disney shows this has the possibility to reach $250.00 with in 5 years time if not sooner conservatively. This will be the second largest resort in the USA second only to Disney! No brainer here with only 2.8M Float and with so much upside. I think this will be one of the best performing Spac Plays of 2020 ! be patient, don't sell to early and stay the course for mega gains ! thanks
GPAQ being manipulated and held down on purpose so market makers can get your shares. Float on this is only 2.8M and 80% of the 1.1M shares traded today was buying.
Float is getting into stronger hands and is building a base to explode from in coming days.
Level 2 shows brokerage firms changing blocks at lower prices to get more shares. Stay the course and buy on all the dips. This is going to rip like NKLA close to $100.00 in coming weeks !
Remember this stock has ZERO publicity and will soon be on CNBC TV stock ticker screen and followed by analysts including Jim Cramer.
Once Ticker changes it will be available on many more platforms so that more people can have the ability to buy that don't have that luxury with the present ticker GPAQ.
Hedge funds will be buying as well as many institutional investors once ticker changes to HOFV.
There is millions on the sideline waiting to get in...be patient and hold till $100.00 ++++its coming ! NFL season will be covering and will be announcing opening in 2020 with games being played here !
GPAQ 82% Buys vs 18% Sells. $100+ coming !
Market Makers manipulating stock before ticker change, VTIQ/NKLA fell to $11.00 from $14.00+ on merger vote and then climbed 5 days in a row to over $19.00.
Be patient and don't get get duped into selling. This will climb fast to over $100.00 once ticker changes over to HOFV ( NSADAQ ). 42% stock incentive is still good for anyone that buys before ticker change. No dilution and company to retire shares to offset the 42% increase. This is not bonus shares or forward stock split.
Remember float is only 2.8M ! and we traded almost half the float today at 1.1M shares traded. This is primed to explode please hold your shares and be patient. When market makers are ready they will let this fly !