Holiday Island Holdings Inc (HIHI)

[NewJerichoMan]

Updated 10/18/21 and share count is 15,804,341.

Pace of share issuance seems to be slowing. Maybe a million shares per quarter. But still no acquisitions. They have the attorney letter stating why they aren't a shell (own their office as a real estate investment) but they're basically a shell, in the business of selling shares. It's working, too. Cash on hand may be under $7K but $725K has been knocked off the liabilities. One of the positives of convertible debt I guess.

With sub-$1M market cap, it wouldn't take all-that-exciting of an acquisition for the market cap to spike to, say, $5M. Problems as always is lack of liquidity and management that seems content just milking shareholders year after year.