You need to read the recent news about the money that is being spent in the area on remodeling and new constructions for new casinos. If you are bent on being negative on DHCC (for any reason), then there is no use in talking to you!
Your interpretation of his comment was not very classy! He is right that Ted A. is the a key to the future of DHCC. The management team without Ted A. has not been able to get the job done (some their fault and some not) but now that Ted A. is on board things may happen and potentially in a big way. (IMHO, long DHCC, do your own DD).
The sharp drop is obviously painful but there is still a chance that the stock is being manipulated and accumulated. There is always a chance for a slow quarter or two but if the fundamentals are still as they have been at some point this can reverse and go up sharply rather quickly. (IMHO, long SILC, do your own DD).
Thanks for posting this. Nice to know that the DHCC's project is supported by this group. It would make sense that Jacob Ent. would want to at least consider building on DHCC's land. We don't know if they have ever discussed this with DHCC management. I assume that the local government wants a casino in Diamondhead to bring in the tax revenues, if the residents support it and the Gaming Commission approves the site then all is needed is a JV partner or a buyer for all or part of the land. Theoretically, DHCC can sell a number of acres to a casino developer and sell pieces of the land to other developers. (IMHO, long DHCC, do your own DD).
Of course it would make sense and I believe he is smart enough to have established a position. My point was about a " controlling" position that sounded like more than 50% position. Now I don't believe that you meant it that way. As hard as it has been with this investment for many years, there are two major positives in my opinion, one is the location of the land the other one is that management has direct and indirect (options) interest to see that something good will happen.
Of course, but when you wrote "controlling" shares I was thinking more than 50%. In my opinion, there is a good chance that the shares have been accumulated by some "friendly" parties during the last almost 12 months. They did it gradually and methodically without running the stock price up too much. Perhaps the management (without Ted) didn't mind lower share prices either (for a few reasons). Now that the accumulation has happened (hopefully they are done) and the options are granted, there is time for good news and hopefully some real activities (casino, etc.) and much higher stock prices. (IMHO, Long DHCC, Do your own DD).
The halt will most likely cause wider spreads for the stock, won't be surprising if we get 20 or 30 cents spread between the ask and the bid. I hope they file the financials quickly BEFORE any major announcement.
What do you mean by "... Ted A. needs controlling shares"?