I wish I was a guru on this, but alas I am guessing like everyone else. I am still playing the inside bet that there are contracts on the near horizon, but even with contracts of some heft, the price of Tivus' stock will not make anything like what we had hoped. Announcing the conversion of the MOU to contracts and then sitting around for a month before any kind of contract numbers are released is not good business. Host (according to Shiva) was in somewhat of a hurry and therefore called him in to say they wanted to get the Philly thing under contract. I don't believe that Host and Tivus hadn't already discussed numbers on Philly prior to the MOU, so taking this much time to release an official number for this project is not realistic IMHO. I can understand a build out proposal for 10 other hotels from Tivus taking more time, but Philly is due. R3
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