Tuesday, February 09, 2010 5:31:36 PM
...I may have just "unearthed" a stock that will probably have a significant bounce in the next few days.... I think there's going to be some money made on this one...
Rotate Black ROBK.OB has their fingers in a number of different casino projects. They have assembled a big league management and board of directors...as their website says they have over 100 years of Gaming management experience.
There shares have historically traded between .45 and .55 cents...but lately over concern that their Seneca Nation project in the Catskills was in dispute over whether they would receive their Class 3 Gaming license from the Tribal Gambling Commission...their shares have traded down to low .20's.
Anyway, this afternoon I was looking over the filings on Edgar (SEC.GOV) and there is an unpublicised 8-K filing....that they have acquired the option to purchase, "The Big Easy," a large gaming vessel for $3 Million. Here's a link to the 8-K:
http://yahoo.brand.edgar-online.com/DisplayFiling.aspx?TabIndex=2&FilingID=7033273&companyid=7752&ppu=%252fdefault.aspx%253fcik%253d1020477
Check out the picture and Article at:
http://images.google.com/imgres?imgurl=http://www.tampabay.com/multimedia/archive/00093/nwe_boat1115_93999c.jpg&imgrefurl=http://www.tampabay.com/opinion/columns/gambling-boat-big-easy-soon-may-leave-void-at-port-of-st-petersburg/1051634&usg=__Wy-ey7uqWsPhmfdhvyKMUWr9quI=&h=247&w=450&sz=33&hl=en&start=11&sig2=D-PzZy2v6WQs-grx7Ou1Tg&um=1&itbs=1&tbnid=-RVBPFO-ySIjtM:&tbnh=70&tbnw=127&prev=/images%3Fq%3DThe%2BBig%2BEasy%2BGaming%2Bvessel%26hl%3Den%26rlz%3D1C1SKPC_enUS363US364%26um%3D1&ei=V9ZxS-KOF57GMrfZgYgL
From this article you will see that just a few years ago it had a $12.7 million dollar face lift... and remember they're acquiring it for just $3 Million.
I'm guessing that when this comes out with a press release... possibly tomorrow or later...and perhaps that the license issue being resolved with the Senecas that we will have a major reversal in the stock price.
I thought I would share this with you all...and you can do with this info what you will.
For the record, I own appr. 20K shares.
Check out a new board: AS IRON SHARPENS IRON
http://investorshub.advfn.com/boards/board.aspx?board_id=12482
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