Thursday, August 18, 2022 10:19:21 AM
Given the managements failure in both buildings they bought last year (one for SPRV, and one for HLLK but the same management), I have serious doubts about either the ability or desire to actually complete a real estate transaction. For the 3 months they "owned" those buildings, they never once collected even a dime of rent, as they never reported any revenue. That concerns me t0o, as I think I've mentioned before. I do think the company can perform a small real estate transaction, perhaps sub $5 million or so, as I think they can muster the capital to do that. That would be issuing a lot of shares, though. It would have to be the right transaction, and not a construction project, as they need revenue right away. They can possibly flip properties, but they would have to be relatively low priced properties.
Good luck. I think there is a little bit of a run in this, but the runs have been less the last few times. Same lows, more or less, but lower highs. Still, I can see why one would trade this.
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