You're so right. I thought it would be fun to place a wager while we wait and all I got was threatening PMs. Just going to ignore and deal with facts because remember these were tired old athletes pumping this stock that had nothing. Now what do we have-
1. 10Q audited shows $10 million in revs and 52% increase for 3 months year over year. 33% growth year over year.
2. Put together a $$95 million deal when real estate is weak with two NYSE firms- Store (STOR) and Wyndham (WH).
a. $55 million purchase of property appraised at $90 million
b. $25 Property Improvement Program to the rooms and other sports-related needs (more soccer fields, improvement to the golf course, basketball courts for new Academy, etc) and able to do development of property and marina- houses for the families of the athletes like they did at IMG.
c. $15 million Working capital reserve fund.
Note- I'm going to trust the DD of those companies rather then someone who talks in 1 sentence jibberish and history shows all he does is bash on all the boards he posts on
3. Largest Soccer club in the World partnered with them- I'd trust their DD too. Potential schools at their clubs (with education today more families are looking for alternatives)
4. EF Hutton- they have not left the building. They are the Investment Banker who filed the S-1 and uplisting to NASDAQ. Now they get involved with raising the money to take out some bridge loans in this deal and uplist the Company to NASDAQ. Where does it say they left the building? Did they rescind the S1 they are the underwriters on? No didn't think so. Fake news.
5. So when you buy a house or car and finance it- who is on the title until you pay it off? You guessed it the finance company. Same here. Look at the lease- 40 years. $ALTD has control of the property and is paying it off. You have to understand REITs and the structure.
6. All of the revenue goes to $ALTD. How do we know this? Look at the Wyndham contract. $ALTD pays them a percentage of the revenue. Simple.
7. The IR Firm- If Hutton is gone why use a firm they work with on their underwriting? Look at their client base. Do you think they would represent a stinky-pink or a company that is represented by NYSE and NASDAQ companies? They are not going to risk their reputation for 1 paycheck. In IR your reputation is everything.
Finally a stinkypink doing what 1,000s of companies have promised but never achieved. And its all in an 8K- not a PR. Congrats $ALTD
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