I'd buy that hotel for $500k in a heartbeat. I'm not going to say that I think Mr. Hayter did a great job for IBCX, but did you seriously think he wanted the hotel to be foreclosed? I think he'd have rather made millions from the hotel rather than allegedly printing what, a couple hundred thousand dollars worth of stock at the end?
If this company acquires additional restaurants that have nothing to do with Mr. Hayter's past company, then I think they're in the restaurant business not the stock business.
If they acquire an additional restaurant, I think that it's undervalued.
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