One mile of Ocean Front, One Incredible Real Estate Development

Multi-Billion Dollar Agreement Signed With Oman

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Message: Re: Moving Averages

Apr 11, 2015 01:31PM

Apr 11, 2015 04:59PM

I'm not sure if 90 day, 200 day or any day averages mean anything with a thinly traded stock like this. Nor a stock like this that has a unique and tremendous upside story to it that is waiting to prove out to investors.

That being said, this week, ladies and gents, is the week we hear deafening news. The annual report (10-K) is due no later than Wed, the 15th. There isn't any reason it shouldn't divulge the appraised value of the land (likely in excess of $750m based on prior published comments). And I would be very surprised if it wasn't also announced that the land was contributed in March ... given that the Usefrunct (sp?) has apparently been ratified in March. Erego, ipsofacto (legalize from a non-lawyer), and in reference to my opening sentence, we should hear some very positive news " ... any day now ...". If the valuation is as we all believe it to be, this would imply a new book value increase of close to $25/share.

Cheers!


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