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I see. I agree, any position or contract with Boeing in that market will be substantial. I think that would lead to other big names in the industry. I think the most important part of an industry like this is validation. If we supply Boeing and the products are universally needed in all aircraft, irrespective of the company, that would eventually lead to deals with other companies. I was also thinking about the military as well.
The next question is what are the terms of the contract. That is the next PR I assume. I would like to see how many bearings Boeing will be buying from us. If it is a substantial number, it will allude to us cornering the bearing supply for Boeing, no small task.
Still holding. I was expecting news on the financing to take some time. We are about 2 months away from the October Pr's. I would suspect that discussions have heated up. It all depends on the complexity of the deal.
To be honest, loan docs and dd on a project like this takes sometime. We are talking about millions of dollars in financing. Lenders have to do their dd before anything goes through. Plus the company would probably have to furnish tax and bank account information, which could take some time.
This is not a week and done thing. Just getting the information could take a couple weeks. Underwriting might take another couple of weeks. It all depends on the lender, debtor, and financial feasibility of the deal. With federal regulations on lending being what they are, this could take some time.
Artificial deadlines in order to create unrealistic expectations. When the date comes and goes and nothing happens, then it gives rise to a bash. Bottom barrel tactics that I have seen over and over in stocks like this.
Yes, that would be non public material information, which would then need to be stated to the open market. Also, when there are heavy negotiations going on, all parties usually stay quiet or have a nda in place. It protects the content and parties to the information.
I were negotiating about a potential multi million dollar deal, I would make it known that all information is confidential and no party can divulge anything until all terms are finalized and an agreement is signed.
Where did you get a Wednesday news deadline from? I have been looking over press releases and there is no such date that was stated.
If they want them they will have to pay me 50 bucks a share, lol. Looks like MM's trading among themselves. All the week hands seems to have left. We are looking at a nice base right here.
Most likely resigned because of conflict of interest. Directors owe a duty of loyalty to the corporation in which they sit on the board. Bod's can not divert any business activities that the company could be reasonably be interested in. I think that is a good piece of information and basically shows that he resigned because of the conflict and is now heading another company that could possibly give the funding needed for these two projects.
I am not sure those timelines apply here. The two properties are building for hotels and casinos, not restaurants. I could be wrong, but financing could take some time for a hotel project. It seems that they are past the initial talk stage and into the material negotiations. From another post the other day, the big thing right now is funding.
I really don't see where the "pumping" comes from. All information that has been disclosed has stated the facts. That is not pumping, that is stating facts. You are right, it is very simple.
Have a Happy Thanksgiving.
I am not doubting that. I have been in stocks where people start planting artificial timelines in the minds of fellow investors. That creates two problems: 1) unfounded expectation, and 2) when the deadlines come and pass angry investors that sell their shares and create a negative outlook on the boards.
I am trying to set the record straight and dissuade people from setting any deadlines independent of those by the company through a market press release.
In my opinion, this company should be over 5 bucks a share if everything goes as planned. That is my opinion.
To be clear, there is no guarantee that a PR will come on Monday. I could come Monday, or three weeks from now. The only thing that we know now is that material discussions have been ongoing for almost two months now.
That is all we know. The timeline of when that PR will come in is based upon educated guesses, not fact. I just want people to make sure that there is no guarantee to any timeline in this company.
If the stock by itself will be multi dollars, how much do you think the short squeeze add to that, lol. I have never understood short sellers. Especially with a company that has 2 material press releases in the last two months.
Not a very start strategy.
Kinda feels like the preliminary items have been taken care of, it is just down to the terms. Finding funding/capital can take some time, I glad that part of the journey has been taken care of.
Should be hearing about the terms within the next month or so.
The book value is wonderful, but the true value is the revenue those projects produce. That is the long term value here. These assets are cash cows. I would interested to see hoe much the Punta Cana property brings in. With this float, 10 million a year would equal about 6.70 a share. That is what is so exciting about this company. The share structure is set up perfectly for future value.
I put in a good until canceled order with a strike price of $50.00. The price might to excessive, but I do not want to take a chance seeing what KBIO did on good news. At schwab the order is good for 60 days. Could be less if the order executes or you cancel before the 60 days.
Agreed. A short trading week. Best release news early in a full trading week. I would guess mid December if all negotiations go well.
I agree. If the news brings it the prospect of substantial revenue/management agreement, then the price will be in the dollars. I am not sure what the multiplier is in this industry, but if the company brings in 1 million a year in revenue (very conservative for illustration purposes) that will equate to an eps of .07. If the multiplier is 10 then we are looking at .7 on that super conservative estimate.
The book value is already .65, so you are seeing how crazy the potential we are looking at. If the company brings in 10 million a year on this float .67 eps, which is 6.70 after a 10 multiplier. I am not taking into account the book value in these examples. With over 30 million in assets, well you can do imagine.
This is my opinion and a guess. But it doesn't see improbable to see this company bring in 5 plus million a year on these potential deals.
Just wait until the market adds the multiplier. Book value is a near term price estimate, imo.
Does anybody know if the market is closed on Friday? I know it is Thursday, but not sure about Friday.
I have never understood that game. A dangerous game. You are right. KBIO is an example when shorts try to be cute and short the wrong stock.
The Vegas property is only 16.7 acres. I have been there many of times and it is not a small property. This property is 7 acres bigger on the ocean. This property will do just fine.
We shall see. I have only 33k. Don't have enough powder at the moment to add. I do think the short term price swings are nothing compared to the long term value. If the Hard Rock deal goes through, then the short term price targets mean nothing.
All imo.
.20-.50 before Xmas with decent news. If the PR is a home run then it could in the dollars. How high, I don't know. But using KBIO as a bench mark, this stock has a much more favorable float and share structure. The stock could go parabolic based upon the supply and demand of the stock. That is a huge difference between this and many other stocks. The share structure is so low good news almost has to push this thing into the dollars based on supply alone.
If a big PR hits, who knows. Could be like KBIO. What is your order in at?
Just put in my Good Until Cancelled order in at $40.00, lol. I don't want a KBIO situation and my order too low.
Fingers crossed. Cheers.
If a Hard Rock PR... .6 will look really cheap.
Dollars if Hard Rock mergers a big part of their international assets into the shell. I am not sure how high a merger like that can go, but if a international brand mergers into a constricted stock, we could see 5 bucks at least.
This is just me speculating, but having all that revenue coming into this stock would great crazy book value.
Would be nice if we end up in the dollars like KBIO! Not out of the questions, if a big merger, could be the same type of situation.
The TA is the best source when it comes to the share structure. Some of the investment houses are slow updating their information.
It makes sense because it cuts out all the IPO costs. A big benefit is that the merging company can also write of the acquired shells debt. That is a big accounting perk for merging companies.
We just need that PR for Hard Rock. If that happens, this thing will move. I don't know if it will move 55 bucks, but I can foresee a potential move into dollar range for sure. Maybe like KBIO. But hey, I would surely like that 55 dollar move! Glta.
Now that the news of the merger and share cancellation has set in, the next domino is a PR about relating to the development of those two properties. I am estimating that if the Hard Rock news comes, it will come in the next 4 weeks before the new years. This week is a short trading week.
Yup. The only exception to the voting requirement for a merger is if the merger is a "short form merger". That is when the parent company mergers into its wholly owned subsidiary. This can also be called a "downstream merger".
The only way to do this is if the parent company owns 90 percent or more of all shares in the subsidiary. So, due to the merger going through and the absence of notice to the shareholders for a vote, than most likely the parent company, which is the corp in Delaware, bought over 90 percent of the Nevada corps shares in order to get the merger to go through with no shareholder approval.
I have seen the filings for relating to shareholder approval. I think those filings relate to the transactions before the cancellation of the the outstanding shares. Not sure though.
Fundamental corporate changes need shareholder approval. Those changes include: 1) amendment to articles, 2) mergers, 3) share exchange, 4) and dispositions of all corporate assets.
I will guess number 2 is the one they need the shareholder approval for. There must be a majority of the board of directors that agree to the change. If that is the case, notice of the proposed change must be given to all shareholders no less than 10 days before the meeting or no more than 60 days before the meeting.
A majority of all shares that are entitled to vote must vote in favor. That also includes any voting group that is entitled to vote. After all this is done, the change is formalized within the article of incorporation. In this case, it would most likely be articles of merger.
It took a awhile to fill a measly 15k order on friday. I was prepared to slap the ask if necessary. Shares are really hard to come by.
Hard Rock Holdings, LLC is the holding company for the Hard Rock Hotel and Casino in Las Vegas,
Unlike Ceasers Entertainment and MGM, Hard Rock Holdings, LLC doesn't seem to be on a public exchange. Now, this is based of speculation, but if Hard Rock Holdings, LLC likes this companies assets, could it be possible that the LLC is the merger company or buyout company. This shell is perfect. It has a desired share structure, high assets and manageable debt.
The issue is can a LLC merger into a public company? I don't see why not.
This is speculation, but this goes to your questions. If this company will have two Hard Rock assets in its portfolio, it would make sense that the Vegas company would want to get a piece of the action.
I have a very good friend that is high up in MGM. It has been common knowledge for years that Hard Rock Hotel and Casino in Vegas was close to closing its doors. The property has struggled over the last couple of years. That is why Hard Rock went into Tahoe. It makes sense that they are trying to diversify their properties and corner up and coming markets.
The Company is currently restructuring its planned resort casino project in the Republic of Cape Verde, an island country spanning an archipelago of 10 islands in the central Atlantic Ocean. The project initially involved the licensing, construction and operation of two casinos in the Republic of Cape Verde (the "Project"). As a part of our operational plan we entered into agreements with the owners of several properties that would become part of the Cape Verde Project. To acquire these properties we issued an aggregate of 282,790,000 shares of our common stock, which shares were held in escrow pending on our receiving financing commitments for the first stage of the Project and transfer of title to the Company by the owners of the properties. We will need to raise substantial additional capital for our operations through sale of equity securities and/or debt financing for the Project.
The Company has proceeded only with two of these projects, a vacation resort on the island of S?o Vicente and a 10ha block of land on the island of Sal, and have issued 36,040,000 shares of common stock from escrow in consideration for these acquisitions. We have terminated the agreements with the owners of the other properties, and as a result 246,750,000 shares of common stock have been released from escrow back to the Company. These shares have been returned to the Company's transfer agent by the Company and have been cancelled. The Company is continuing to pursue the properties which were subject to termination. The implementation of these projects are predicated on the need to secure additional financing, and resolutions of issues which arose during the due-diligence process by the Company.
I have a feeling that the Hedge funds emergence in this whole equation makes more senses based on the last line. You are right that over the last couple of months it is becoming clearer that the Hard Rock properties are most likely the two properties that are going to be built.
My question is if those two properties are already on the go, how is the company going to continue a pursuit of the cancelled projects? I think that is where the hedge fund comes in. Instead of issuing securities the company might do a equity interest in the property itself and roll the revenue back into the company. The benefit is no toxic financing.
We shall see.
I say .20+ before Xmas if everything goes as planned. The merger is the most important thing here, whoever is on the other side holds the cards. The discussions seems to be in the early stages, so we might not see any big material filings regarding the proposed developments for awhile.
We shall see.