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Empire Resorts Inc. Message Board

  • cpatrader2001 cpatrader2001 Jan 4, 2014 2:38 AM Flag

    PURPOSE OF SHELF

    Casino project and pay series e pref situation..Also maybe they will conv pref debt thing

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    • So let me understand this. When NYNY applies for a casino license they will be telling the yet to be appointed licensing commission their source of financing the Concord project is to issue $250 million in new NYNY stock? And you think that is going to fly? NYNY which has no analyst coverage, has virtually zero institutional ownership, hasnt earned a profit in a decade; is going to attempt to dump $250 million worth of NYNY stock onto the public? Yea, I can see it now; the same empty suits that conduct shareholder meetings in some law office on Veterans day ; have never had a conference call with shareholders; who never issue a press release discussing quarterly results; these same empty suits will attempt to dump $250 million in newly issued NYNY shares. If you recall the existing NYNY shareholders didnt exactly bust the door down when NYNY $1.89 secondary shares were offered. The bottom line here is there is no financing in place for their Casino project.

 
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