Replies to post #52503 on LIG Assets Inc (LIGA)

[staypuff]

Where did all the money from the land sale go. It looks like they paid off debt but expected more in cash on the BS to the likes of a few million

[Duffman3242]

Yet they still pop every few years

[TrackDude]

agreed. It’s not like construction has just come to a halt the last two years. I’ve seen several homes, buildings, and businesses go up during that time frame. Just seems like excuses. The Panama City beach home is still the most perplexing to me. Been talking about it since 2016 and they still can’t get that thing built?

[tigerpac]

I agree, the Panama City project was the most perplexing. It was delayed right after a hurricane/tornado came thru the city and if i remember correctly destroyed some Air Force hangers and jets.

Their plastic bottle house was that project. "built to withstand 325 mph winds" yet right after this weather event they shut the project down. That should tell you the entire thing was unfeasible.