Holiday Island Holdings Inc (HIHI): $0.15's are gone. $0.175 next on th...

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NewJerichoMan

Re: None

Friday, 02/12/2021 12:00:54 PM

Friday, February 12, 2021 12:00:54 PM

$0.15's are gone. $0.175 next on the ASK. Next stop is $0.20.

100K share BID at $0.14, or $14K.

At $0.20, the market cap is $2.5M. Have the $1.3M RV Park deal closing in early March purportedly. It has exotic game animals on it, plus expansion capabilities. Can't beat that, huh? No idea if "exotic" means Oklahomans or like coyotes or something.

What's an appropriate valuation here? It was $1M before today. Hard to find market cap below $1M these days. $2.5M might be an appropriate given what is purportedly on tap for the year. But can't under-estimate that the OTC is on fire. Brett Rosen is involved on the financing side. His "financing" from what I can tell, tends toward "angel investor-like". Can I see the share price over-shooting it's market value given the low float, say, $5M market cap or $0.40 per share? Sure. But I think $0.20 is an appropriate value today.