Gon fishin’
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Today seems like pretty constructive trading actually. Nice absorption of shares.
How much dilution? I have a very small position and I haven’t done deep research.
Tell me how the lawsuit is going to go.
Wait, I will tell you. Just like the last one.
Judge says you owe these people money. Deborah says, I am owed just as much. Judge says you need to list the property for sale.
Deborah says, we just listed it for sale. With Colliers, the best of the best.
What else do you want? We’re trying to sell a property. Or a joint venture of course.
Let Colliers do their job.
Everybody will get their money. just let Colliers do their job.
This lawsuit is terribly timed. It’s like they’re cutting off their nose to spite their face.
Part of me thinks they’re trying to steal the property, but that’s just my own crazy theory.
We just listed with Colliers. Apparently they really love this property and they think that it’s one of the better places to put foreign money that wants to get into the United States.
Colliers is one of the best as far as having an international footprint. Ask chat GPT lol.
And to be clear, I am not saying that these people do not deserve their money.
They do!
I believe they’re making pretty good interest in the meantime.
This is definitely gone on way too long.
And it should not have taken them this long to hire Colliers.
But we are finally in good hands as far as marketing goes. These guys are quite capable:
“Colliers has a track record of handling distressed real estate and managing assets in bankruptcy situations. Their role typically involves leveraging their extensive network and expertise to maximize the value of the assets being liquidated or reorganized”.
Colliers and Hilco Awarded Marketing and Disposition of Oceanwide Plaza | Colliers](https://www.colliers.com/en/news/los-angeles/colliers-and-hilco-awarded-marketing-and-disposition-of-oceanwide-plaza).
This is what he is talking about.
The first lien holders are attempting to force a liquidation.
Something tells me they are trying to get the property for cheap.
Something else tells me that Colliers will obtain funding to pay these guys off soon enough.
This is a desperate attempt to take over the property imo. Otherwise, why would they try to disrupt the best opportunity the company has had in years to land a deal, which in turn would get them their money back sooner than later.
https://www.msn.com/en-us/money/companies/will-diamondhead-casino-corp-be-forced-into-bankruptcy-or-find-a-resort-developer/ar-BB1odu3S
Well this company needed marketing more than anything else. Colliers is one of the top real estate firms in the world, with strong international connections.
In commenting on the opportunity, Patrick Slagle, Vice President of Colliers in Washington, D.C. stated: "We believe the Diamondhead site is one of the best remaining gaming sites in the entire country. Its location on Interstate 10, between Biloxi and New Orleans, coupled with the accessibility to the site provided by nearby airports makes it one of the most easily accessible gaming sites in the country. It is a 400-acre blank slate with over two miles of waterfront and ready to be developed as a mixed-use resort with a casino as an anchor and a two mile boardwalk.
We know of nothing comparable and no other opportunity of this nature in the industry.
With over eighteen million vehicles passing the site annually on Interstate 10, it is an ideal gaming location. The Gulf Coast region of the United States where this casino would be located, is one of the fastest growing gambling markets in the United States. We look forward to finding the perfect match for this outstanding location.”
Well this is good…
One million dollars into the company coffers.
A minimum of 50% apparently stays in the company the other half will probably pay some liens. Just a guess there.
This should guarantee the company will meet all financial requirements in the upcoming future.
And hopefully implement some marketing strategies now that they have some cash on hand.
PART II: OTHER INFORMATION
Item 1. Legal Proceedings
Cooperative Energy, a Mississippi Electric Cooperative v. Mississippi Gaming Corporation (In the Special Court of Eminent Domain, Hancock County, Mississippi (Case No. 23CO1:20-cv-00221)
Cooperative Energy, a Mississippi Electric Cooperative v. Mississippi Gaming Corporation, et al (all lienholders of the Diamondhead Property. (In the Special Court of Eminent Domain, Hancock County, Mississippi (Case No. 23CO1:23-cv-00153)
Since 1994, American Telephone and Telegraph Company (“AT&T”) has had an exclusive right of way easement along the northern portion of Mississippi Gaming Corporation’s (“MGC”) Diamondhead, Mississippi Property (“the Property”) to construct, operate, maintain, inspect, alter, replace and remove communications systems which they may require from time to time. Cooperative Energy, a Mississippi Electric Cooperative, is also seeking a permanent easement along the northern portion of the Property on which to construct, maintain and operate electric transmission lines together with an access road. On November 19, 2020, Cooperative Energy filed a Complaint with the Special Court of Eminent Domain, Hancock County, Mississippi seeking an Order authorizing the Cooperative to enter onto the Property for the purpose of examinations and surveys. The matters sought in the Complaint were quickly resolved by agreement of the parties. The Company’s understanding and MGC’s understanding was that the case would be dismissed, but the case was not dismissed. On May 24, 2023, Cooperative Energy filed a Complaint for Eminent Domain in the Special Court of Eminent Domain, Hancock County, Mississippi in which it named MGC and all persons and entities holding liens on the Diamondhead, Mississippi Property as defendants. On July 28, 2023, Cooperative Energy filed a First Amended Complaint for Eminent Domain.
On or about February 19, 2023, the parties entered into an Indemnification Agreement to fully indemnify MGC and Diamondhead Casino Corporation and each of their respective directors, officers, employees, agents, attorneys, and affiliates, and hold each of them harmless and defend each of them against any and all claims, losses, damages, expenses and/or liabilities to which an Indemnified Party might become liable arising out of or relating to any activities conducted on or about the Property by Cooperative Energy and/or its respective directors, officers, employees, agents, attorneys, affiliates and/or representatives and/or any unrelated third parties, contractors and/or subcontractors performing any activities on the Property at the request of or for the benefit of Cooperative Energy.
On or about October 26, 2022, Cooperative Energy offered MGC $395,038 for the easement. MGC rejected this offer. On or about April 18, 2023, Cooperative Energy offered MGC $643,748.00 for the easement. MGC rejected this offer. On or about May 24, 2023, Cooperative Energy offered MGC $850,000 for the easement. MGC rejected this offer. On or about June 20, 2023, MGC offered to accept $1,000,000 for the permanent easement provided that i) Mississippi Gaming Corporation got at least fifty percent of the $1 million; ii) payment was received on or before September 1, 2023; and iii) no trial was required. On or about July 3, 2023, Cooperative Energy agreed to the amount conditioned on agreement of the other defendants in the case. All interested parties, including all persons or entities holding liens on the Diamondhead Property, are being served together with MGC as defendants in the case. If all parties cannot reach an agreement as to the amount to be paid for the permanent easement and the manner in which it will be divided, the matter will be submitted to a Judge or a jury for determination.
Cooperative Energy has informed MGC that it has obtained an agreement from AT&T concerning AT&T’s pre-existing exclusive right of way easement so that the Company will not be in breach of its agreement with AT&T.
That is pretty compelling evidence! Nice DD.
You are. As always. The stock you love the most!
He doesn’t have any shares. There are mine from five cents.
And I’m not selling when this stock is easily valued in the multi dollar range with any decent sized JV.
This little 10% buy in would be a great start. I still think it’s happening, based on the trading. Seems smart money trusts it’s real.
Better sell now if you are worried!
If that’s what dhcc wants then yes. Something tells me they would be happy to accept the money if it shows up a few days or even a week late.
But I suppose you could sell your shares if you uh, still have any.
Ditto. Until it isn’t.
Tick tock!
Well, not really surprising. Micro stock here.
But it’s still good for raising funds and interest.
If there is going to be a big rush to buy, it will be after the money arrives. At this point everything is just small potatoes and I wouldn’t try to read into lower volume on this stock. It could be thirty cents on $20k selling.
The near term price is pretty irrelevant as long as they execute, at which point we head to multi dollars. On big volume.
But selling at $.50 sure would beat selling at three cents!
More investment in the area. I guess this Buc-ee’s chain is a big deal. They hold the world record in biggest convenience, store, biggest car wash, and other stuff.
It looks like this location will be about 15 minutes from the Diamondhead property.
https://buc-ees.com/about/world-record-holder/
https://www.wlox.com/2023/04/10/harrison-county-presents-mid-year-update-economic-development/?outputType=amp
Well the way I see it is that they are getting a percentage of future profits from the casino or other developments on the property, and also riding the rise of common shares.
Which should eventually be much higher than their buy in price of $1.
Once again you clarify the difference between how a wealthy person thinks vs how a short sighted un wealthy person thinks.
Opportunity to learn here young Jedi.
The discount was when I bought your shares for 5 cents.
As far as people lining up to buy the stock now, I have not recommended anybody buy the stock until we get the money. But it seems like a good bet, regardless. This price will definitely be a discount if and when the first payment arrives.
It’s ten percent btw. 4 million shares of common dhcc stock is all that’s being issued from the treasury.
They’re also being issued shares of the subsidiary but that is not common shares. The subsidiary will give them a percentage of future earnings.
Yup that’s the big if right now. And that’s why we aren’t over a buck yet….
Do you understand just how well this company has been run, as far as potential dilution is concerned?
Minimal dilution over the past twenty years. And she pays the debt off with 10% dilution? Peanuts.
Most CEOs down here in the nether worlds of the penny stock market would have this at half billion shares plus.
And the stock price would be two cents or lower.
Also… they wouldn’t necessarily have two seats on the BOD, as in eyes and ears on their money. Plus shares in the subsidiary which probably means future profits.
Plus 22 acres for cheap.
Plus a bunch of other reasons but I’m not trying to school haters.
Riddle me this. Why is he rich enough to put $10 million into this company while you are sitting here wondering why he does what he does?
Didn’t your friend buy around $.41? He shouldn’t have long to wait.
Also, you seem to be quite the market expert, so what do you think happens if the first tranche arrives on time?
Serious question.
Well since this company pumps news every other week, you are probably correct.
Sarcasm intended.
If they had put up an actual press release, then it would be a pump. Money talks so let’s see what happens. Nobody has long to wait.
And I know there are a lot of shareholders that sold below $.10 who are probably not happy to see this company finally succeed if it happens to do so.
Ah well….
I think the market is not reacting because the financing company is OMD.
Lol just kidding.
Or on the other hand, maybe it’s not reacting because it wasn’t even put in a press release. But if it’s a signed deal as it looks to be, they are legally obligated to file with the SEC. That being said, many CEOs would have press released this in hopes of goosing the share price short term. But money talks so waiting to see if they get that first $3 million is probably a good idea.
Also, I assume your friend did not buy shares too much higher than the current price. Therefore, he could probably sell them at his original price sometime in the near future.
Knock knock.. moving back up!
Based on the ceaseless bad mouthing of this company, I’m guessing we are close to the bottom.
I’m a buyer if it drops further!
Why do you care? There’s a gazillion stocks where you can lose everything or make some money. This is one of them.
I have a pretty small position.
7 shares! Lol
Yup I own 7 shares now lol.
Well, all things do not have to turn around. This could technically go to zero like so many other crappy stocks out there. However, I have been buying all the way down to 25 cents.
A crap shoot as they say!
Yawn….
I actually think we’re gonna have a good January.
Thanks, I appreciate your input.
Man, he must have got you good.
And don’t worry, I’m not rah rahing this guy.
Yeah, I’m thinking that at these levels it’s not a bad trade.
I’m happy to average down as well. Just recently started my position, ready to add at lower levels.
Nice move here end of week! Buuuuulish!
I grabbed a few shares recently. Not a substantial position at all.
I got my starter position here. Bidding for a few more still.