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Re: zagdad post# 729

Thursday, 08/19/2021 7:16:22 PM

Thursday, August 19, 2021 7:16:22 PM

Post# of 1195
I am sure that your main takeaway is that the market makers are screwing us! Haha

Anyway, the land is worth much more than today’s current market cap, so the bottom is IMO right around 30 cents. It is basically like buying high reward stock with zero risk, well the price can go down but if they have to do a fire sale of the property you’re going to get something around today’s price. A year ago it was at two cents so there is the dead money risk. But they can’t go on forever in my opinion. They either cut a deal or sell the property to get the liens paid off, much of which is board of directors money.

And if you call down to the Diamondhead government, you might hear some good stuff.