Everything i have said is true. Yes dilution would make sense if the company needed it for let's say someone like Mr. Becker did something like mismanage money that was spent on the hotel.
The man is or was in jail for credit card fraud because he used customers cards to finance his payroll. Later on he admitted he was to the tune of over 600K in debt. I'm of the opionion that the company didn't know it. Now, they have found themselves in a bind, trying to buy a golf course. Hey they have to do what they have to do. However, that doesn't mean it won't gut the investor who is unaware.
If you have intentions of holding for another 3 years. Sure things may not matter alot at the moment. But if you are thinking on holding only a year........ well, dilutive effects now may make it near impossible to exit at breakeven within the year unless the company comes forth with audited financials and moves to the OTCBB, not reverse merge.
Only my opionions and observations.
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