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And the property is worth under $225K.
...For the building and the land.
IDNG paid $300K for it.
What's your point?
Your thoughts on overpaying for properties?
Beechwood was once again well-compensated for their input.
The Jefferson house... IDNG overpaid.
The new headquarters house... IDNG overpaid.
The hotel investment... remains to be seen - all speculation at this time.
Beechwood is seemingly dumping investments gone south and properties for which they can't get their money back onto IDNG and the shareholders, all the while compensating themselves nicely. Look at the share price... none of these actions have had any impact on the price. A definite head scratcher, no?
Another overpayment for property.
Beechwood getting all their losers off the books?
219 Chemin Metairie Road, Youngsville, Louisiana 70592
Zillow estimate: $221,441
Price paid by IDNG: $300,000
How about some supporting FACTS?
No liquidity, no products, no revenue, no real news, no interest, no facts, no cash, no conversation.... The usual!
I wonder if they're going to keep all the thermometers and needle dispensers in the same "warehouse" they never bought.
Icing on the cake?!?!?!
To put icing on a cake, you need a cake first.
THEY HAVE ONCE AGIAN REPORTED LITTLE TO NO REVENUE!!!!!!
Pump & Dump In Process
And has been in process for quite some time. Buyer beware.
What to look out for:
- Opinions lacking facts
- Refusal to address facts
- Ignoring financial filings
- Ignoring anything that's not positive
- False promises of performance
IDNG may be doing something, but their actions thus far haven't produced any revenue in YEARS.
Same Story, Different Year
Looking back through old posts, I've realized that every year/month/day, there are more and more claims that this stock is going to do amazing things. Hold on patiently... Wait for it longs... New warehouse... New products... Blah, blah, blah.... And as usual, there have been little to no revenues.
In reality... it's the same old song and dance. It used to be "blame it on Rotelli" and now, there's no excuses. Every week, it seems "big things" are going to happen next week.
I really hope people aren't getting paid to constantly pump this thing, because all their time and energy is seemingly wasted.
IDNG is issuing and distributing more and more shares which will eventually dilute the stock massively. They're buying properties which Beechwood and others seemingly want to get off the books and wash their hands of them.
Tread lightly here and due some factual, actual DD. Do not rely on the grandiose ideas of others. Read through old posts and you'll see the same statements made over and over.
Caveat emptor.
Approximations and estimates are as close you can get to facts in the real estate market without the property being sold on the open market. But, in most cases, approximations of value and estimations are pretty spot on - they're like Vegas oddsmakers in most cases. So if you want to believe that it's completely ok that a sale price which is nearly 100% higher than the approximations and estimates, well then an actual conversation cannot be had.
THE LAFAYETTE PROPERTY FACTS
Address: 1118 Jefferson St., Lafayette, LA 70501
Per Remax, the value of the property is approximately $250,000. Please note the values in the graph.
http://www.remax.com/realestatehomesforsale/1118-jefferson-st-lafayette-la-70501-gid700014817581.html
Zillow estimates the property at $300,224. Also note the value per the 10 year graph.
http://www.zillow.com/homedetails/1118-Jefferson-St-Lafayette-LA-70501/77668661_zpid/
Homes.com estimates the value at $251,900:
http://www.homes.com/property/1118-jefferson-st-lafayette-la-70501/id-700014817581/
Per the press release, IDNG paid $480,000 for the property.
http://finance.yahoo.com/news/redhawk-completes-commercial-real-estate-141500604.html
Feel free to call these claims unsubstantiated, but facts are facts. Actual DD always wins. Beechwood had the home listed for $489,000 a while back and couldn't sell it.
How can anyone explain that IDNG buying that property from Beechwood is good for the investors? The rent payments will never cover the purchase price.
As usual, absolutely nothing at all. No supporting information. No backup. No facts. Same story has been going on here for over a year.
Now that's rich!!! People wanting actual evidence here? Refreshing change from baseless grandiose claims. Love it. Can all posts include FACTS from now on?
Search for the purchase price of the property. Then search for the amount Beechwood tried to sell it for in the open market multiple times to no avail. Then look at the price IDNG is paying for it. You'll find facts supporting my statement. Not speculation.
Beechwood is dumping a property they lost money on. And IDNG and its shareholders are the ones getting screwed by this transaction.
Beechwood DUMPED a property on IDNG!!!
They had it on he market and couldn't sell it. One solution... Dump it for a premium on IDNG and screw the shareholders.
More Fluff News.
Think about it.... All news has been overstated and all of it hasn't come to fruition.
Remember the "historic building" they bought? That was actually a house? That Beechwood couldn't sell on the open market? Whatever happened to that? How much did IDNG pay for it? They obviously didn't pay in cash as they don't have any. And I don't see any mention of it in the 10q's.
One of the many examples.
Fluff for the pump and dump.
Woo Hoo... MORE THERMOMETERS!!!
Maybe they can dispose of thermometers with the new acquisition.
Strange how the stock price isn't moving once again...
FINRA doesn't play games.
FINRA is out to protect the investors and ensure compliance by all those involved.
It's blatantly obvious one of two things is happening:
1.) FINRA has issues with something about Redhawk.
2.) Rwdhawk didn't file.
Trying to claim FINRA is purposefully messing with a little company is ludicrous.
Please post the proof again.
Thank you in advance.
WOO HOO!!!! MORE THERMOMETERS!!!!!!!!
More future dilution. Still no revenue.
How can you say that's a fact? If it were a fact, it would be worth a specific dollar amount. Ridiculous.
Why? That's obviously not speculation.
Speculation is when you're approximating future figures or share prices or growth, when there are a plethora of factors which could EASILY derail those approximations.
Correction: Some facts, some speculation.
The future values of the hotel/property are 100% speculation.
Misleading Share Count. Facts Please.
How do you and "friends" account for 40-50% of the shares when Beechwood/Schreiber own over 51%?
Please explain your math in detail.
There will never be a straight answer.
For some reason, no one likes to address any issues that aren't about unicorns or puppy dogs here.
Funny how the transition process takes longer and longer according to the cheerleaders. How about you blame it on Rotelli too.
The future of IDNG is penniless.
IDNG is looking more like a pump and dump scam every day. This board has gotten ridiculous.
No cash, no products, no PR...
Yeah, that really makes people want to invest in a company. What a joke.
And when you know for certain that more shares will be entering the marketplace in a year, aka dilution, it doesn't paint a rosy picture for a long term investment.
DILUTION is a FACT.
FACT: IDNG issued more common and preferred shares.
FACT: They sold 5M shares for $50K to accredited investors.
FACT: Per 506 Reg D, accredited investors can sell the shares after a holding period of one year upon registering them, thus putting them in the open market.
Drumroll please........... DILUTION!!!!!!!
WHAT IS $50,000 GOING TO DO FOR THEM?
IT'S STRANGE THAT THEY WOULD SELL SHARES FOR ONLY $50,000. THAT'S A SMALL AMOUNT FOR A COMPANY SUPPOSEDLY WORTH $3 MILLION. OR FOR A MAN WHO'S SUPPOSEDLY INFUSING HIS CASH TO BUILD THIS COMPANY INTO THE NEXT BERKSHIRE HATHAWAY.
THEY MUST SERIOUSLY BE HURTING FOR CASH.
This 8-k = Dilution.
They sold shares for cash. Dilution.
Uplisting to what?
Could you translate that post? And with less capital letters?
How does Redhawk have $1M? For free?
And nice work not reading all the posts... the bread thing is making fun of IDNG/Redhawk. Yet you took it as positive.
Real Question: How much did Redhawk pay for the property in Lafayette?
That's a pretty good catchphrase...
IDNG: Building a slice of bread, one crumb at a time.*
* - Note: Crumbs may or may not be scattered about the earth and space and fantastyland. If you read enough into the press releases from 4-12 months ago, you too can construct that piece of bread. Oh, and to stick the crumbs together, you'll need unicorn glue.
Fantastic. That's the definition.
Now... Let's go a bit further... How do holding companies acquire a stake in other companies?
They do not get them for free.
So I should research random holding companies and that will tell me what IDNG is all about?
Ridiculous once again. No products. No cash. Dilution in the future if this is ever going to grow.
Blessed is having food and shelter and clothing. Blessed isn't owning a penny stock. Let's get real.
What a joke.
True, but they literally have NO PRODUCTS.
Nothing to produce revenue.
Nada.
Zip.
A name change doesn't add value.
They've got to release many more PRs and information to even think about moving the price.
Anyone can continuously change names.
Not everyone can support a valuation selling thermometers.
Ignoring facts makes it seem like this is a P&D.
You can like something and still be critical of it. If one is not suspect of some doings here, that's showing signs of being delusional and brainwashed. Or, it's a sign that those people are purely here trying to pump the stock.
In life and in business, there are positives and negatives. When a company tells you they're doing something, and it should be done way before it is, and they give you no indication of when it'll be done... well that's suspect. Gives rise to the idea of possible shenanigans.
You need proof on this board?
If anything, this board is made up of avoiding facts and pretending some events never happened. Toss in some catchy phrases and avoid any real questions and voila... IDNG.
"Seeing the future today"?!?!?! What is that? Nice pump catch phrase. It means nothing. It's not something IDNG came out with. it's posted by those here who refuse to accept the facts that: Dilution is and will continue to happen, Beechwood dumped a toxic property on IDNG, a board member has been found guilty of massive wrongdoing, they have no products producing revenue, they have no cash, and Klug & Co are not going to give money and assets to IDNG for free. Amongst others.
Hahaha... you just defined Dilution!