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.
Recent DHCC News
- Form 8-K - Current report • Edgar (US Regulatory) • 06/20/2024 10:06:39 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 05:48:08 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/09/2023 10:17:04 PM
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