Hall of Fame Resort and Entertainment Co (HOFV)

[DFYSW]

Today public shareholders own 49% of 6.3M shares outstanding. Immediately following the merger we will own 13% of 31.8M shares outstanding. Company assets consist primarily of a single stadium that currently is not allowed to be used due to the pandemic; everything else (the entire rest of HOFV including all attractions, hotels, retail) isn’t built yet and hasn’t even received permits. The company operates at a loss ($0 revenue) but pending construction is projected to generate $150M revenue in 2025, which is now subject to covid-related delays.

The appeal here is wholly in the promises of an attractive collection of intentions from a set of heavy-hitting partners, so paying your money in now identifies longs as high risk / high reward types and identifies flippers as bigger fool (buy the hype) types. Both are good and can make money, just know which one you are and trade accordingly. Personally, I like the hype + fantasy football wildcard and of course warrants are the way to go, but it’s a fast and dangerous game in every case here.