Well I live in Costa Rica and when they say casino, they're not talking about the Taj Mahal. A casino license is only awarded to the more upscale hotels, but they usually aren't too big. The largest casino is the Fiesta by the airport in San Jose, and it's not very large at all.
As far as pricing, my company, Diversified Land Management Group, has been in talks about building hotels in resort areas in Costa Rica. We have plans for a five star 50 room hotel-resort that would cost us about $6MM to build. We are also negotiating to purchase a three star hotel-resort with 20 rooms for about $1.5MM. So the numbers there aren't a problem for me.
As far as the company being out in the open, well, they do have an interesting website. When you call their telephone number, a voice mail claims that competitors are trying to find information and that they will only reveal what is on their website.
So the first question seems to focus on whether their intentions are good. I will have my company's legal department do a quick judgment search on their officer and see if he has any problems in the public record and just who he is and will release the information.
The second question is, the shares that are being sold at .0001, where are they coming from. There's no bid on this stock, only an ask, and the orders execute as soon as they are submitted. That tells me it isn't a market maker, but is either someone who received a large debt for share conversion or someone who was stuck with the previous company's stock.
I hope it turns out to be some honest group of aggressive real estate guys and not simply a pump to sell their printed shares at .0001 as Paul Taylor is doing with NTCV (literally printing shares claiming they are for debt then dumping them at .0001 onto the market makers or whoever else is dumb enough to buy). I'll cautiously sink a few dollars into this.
