Diamondhead Casino Corporation (PK) (DHCC) ニュース

Are they in bankruptcy yet?

Still quiet here. Any news? Don't parties have laryngitis by now?

I hear the parties are talking, court is on hold

Well I guess you got it all figured out. Glad you sold at the top. So smart!

lol..no fool... I sold at 50 cents like you did..Kinda like you rob and Andy did with ward.. remember it's penny land..here even friends screw friends...right

Maybe that is Michael Ward sitting at $.23 on the bid. So sell now!
Quick. This might be the best chance you ever get to sell, so jump on this opportunity and get the hell out of here.

All these posts must be a good sign :)

The deal was to sell at 50 cents.. gotta learn there are many Michael wards in pennyland

Well the bid was .02 ask .20 MM having a field day.

Tick tock... Time to get a deal done. Investors and the board need to apply some pressure to make something happen. There has been plenty of time for management to make things happen.

🤑🤑🤑

Something is up. M.M code

I drove through there today from Florida heading to Lafayette, La. If anyone ever built a casino there, it would be unbelievable. That location is a few short feet south of I-10, there is a small airport, harbor, a nice golf community on the north side of the interstate. I asked a local real estate agent about it and this development has had a very suspect history for decades. A lot if not most of the property is or could be considered wetlands, but it’s got a great view and no one else has a casino location like this. Makes me wonder why this hasn’t happened by now. The ice cream at the Dairy Queen was good too. The state of Mississippi is doing some massive interstate improvements along there because they are getting a new Buc-ees 2 or 3 exits to the east.

I was wondering if someone would go for the big green today. lol flip side is when it goes big red as soon as selling issues get resolved. oh well the PF looks a bit better for a bit.

By the way who is paying the interest.

All that sounds good but we will see. New Judge ,etc. Time maybe up.

Tell me how the lawsuit is going to go.

Wait, I will tell you. Just like the last one.

Judge says you owe these people money. Deborah says, I am owed just as much. Judge says you need to list the property for sale.
Deborah says, we just listed it for sale. With Colliers, the best of the best.

What else do you want? We’re trying to sell a property. Or a joint venture of course.

Let Colliers do their job.

Everybody will get their money. just let Colliers do their job.

This lawsuit is terribly timed. It’s like they’re cutting off their nose to spite their face.
Part of me thinks they’re trying to steal the property, but that’s just my own crazy theory.

We just listed with Colliers. Apparently they really love this property and they think that it’s one of the better places to put foreign money that wants to get into the United States.
Colliers is one of the best as far as having an international footprint. Ask chat GPT lol.

And to be clear, I am not saying that these people do not deserve their money.
They do!

I believe they’re making pretty good interest in the meantime.

We will see . doesn't change the lawsuit.

DHCCQ changed back to DHCC. FINRA added the Q in error.

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

Interesting, sounds like some sort of mistake. Let's see what happens. I am on the bid

Maybe but what you have to look at here is your common shares going to be worth. Anybody can buy it once its devalued , but common shareholders are usually last. We now have high interstress rate first time in 10 plus years , Banks are depressed. Trillions of loans coming due in the next few years.Its up to you or me at this point. Folks want their money.

This is definitely gone on way too long.

And it should not have taken them this long to hire Colliers.
But we are finally in good hands as far as marketing goes. These guys are quite capable:

“Colliers has a track record of handling distressed real estate and managing assets in bankruptcy situations. Their role typically involves leveraging their extensive network and expertise to maximize the value of the assets being liquidated or reorganized”.

Colliers and Hilco Awarded Marketing and Disposition of Oceanwide Plaza | Colliers](https://www.colliers.com/en/news/los-angeles/colliers-and-hilco-awarded-marketing-and-disposition-of-oceanwide-plaza).

Sure how long is this been going on. Uh 10 plus years ???? Yes it does look like symbol will change . We will see tomorrow.

DHCC: effective June 18,2024 DHCC will change to DHCCQ, bankruptcy.

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

Everyone is going to get paid here

Because they are owed that. They have hired other people before.

This is what he is talking about.

The first lien holders are attempting to force a liquidation.
Something tells me they are trying to get the property for cheap.
Something else tells me that Colliers will obtain funding to pay these guys off soon enough.

This is a desperate attempt to take over the property imo. Otherwise, why would they try to disrupt the best opportunity the company has had in years to land a deal, which in turn would get them their money back sooner than later.


https://www.msn.com/en-us/money/companies/will-diamondhead-casino-corp-be-forced-into-bankruptcy-or-find-a-resort-developer/ar-BB1odu3S

I too wonder what you are talking about? Just give a link or something if you can't verbalize the accusation.

The PR was a nice step and will get this undervalued stock in front of many new big hitters....who might both show possible interest in the property and/or at a minimum the stock. All they need to do is read the financials and see the appraisals, the undiluted low share count, the minor debt, the solid management, and they will see how cheap the stock has been for quite a while now.

Look it up. Its there as of today.

Isn't that the same marketing language they used when they hired CBRE to hustle this a few years ago 🤔

What are you talking about?

Well maybe news looks like a possible lawsuit. Company wants 2.4 million payment .

Well this company needed marketing more than anything else. Colliers is one of the top real estate firms in the world, with strong international connections.

In commenting on the opportunity, Patrick Slagle, Vice President of Colliers in Washington, D.C. stated: "We believe the Diamondhead site is one of the best remaining gaming sites in the entire country. Its location on Interstate 10, between Biloxi and New Orleans, coupled with the accessibility to the site provided by nearby airports makes it one of the most easily accessible gaming sites in the country. It is a 400-acre blank slate with over two miles of waterfront and ready to be developed as a mixed-use resort with a casino as an anchor and a two mile boardwalk.

We know of nothing comparable and no other opportunity of this nature in the industry.

With over eighteen million vehicles passing the site annually on Interstate 10, it is an ideal gaming location. The Gulf Coast region of the United States where this casino would be located, is one of the fastest growing gambling markets in the United States. We look forward to finding the perfect match for this outstanding location.”

wow, that news really shook up the market, look at the volume

DIAMONDHEAD CASINO CORPORATION RETAINS COLLIERS TO ASSIST WITH MARKETING AND FINANCING
PR Newswire
Thu, Jun 13, 2024, 2:16 PM EDT6 min read

ALEXANDRIA, Va., June 13, 2024 /PRNewswire/ -- Diamondhead Casino Corporation (OTCBB: DHCC) (the "Company") is pleased to announce that it has retained Colliers to assist the Company in marketing and financing the development of its Diamondhead, Mississippi Property and/or to sell all or part of the Diamondhead Property. Colliers has prepared marketing materials to market and promote the Property and is now in the process of soliciting interested parties.

The Company owns, through its wholly-owned subsidiary, Mississippi Gaming Corporation, an approximate 400-acre tract of land on Interstate 10 in Diamondhead, Mississippi. The property fronts Interstate 10 for approximately two miles and fronts the Bay of St. Louis for approximately two miles. Over eighteen million vehicles pass the site yearly. The property is already zoned as a Special Use District-Waterfront Gaming District, which permits the development of a casino resort. In addition, the Mississippi Gaming Commission has granted Mississippi Gaming Corporation Gaming Site Approval on a fifty acre site located on the east side of the property.

In commenting on the opportunity, Patrick Slagle, Vice President of Colliers in Washington, D.C. stated: "We believe the Diamondhead site is one of the best remaining gaming sites in the entire country. Its location on Interstate 10, between Biloxi and New Orleans, coupled with the accessibility to the site provided by nearby airports makes it one of the most easily accessible gaming sites in the country. It is a 400-acre blank slate with over two miles of waterfront and ready to be developed as a mixed-use resort with a casino as an anchor and a two mile boardwalk. We know of nothing comparable and no other opportunity of this nature in the industry. With over eighteen million vehicles passing the site annually on Interstate 10, it is an ideal gaming location. The Gulf Coast region of the United States where this casino would be located, is one of the fastest growing gambling markets in the United States. We look forward to finding the perfect match for this outstanding location."

Under its agreement with Colliers, the Company is free to continue discussions with other interested parties. Unless extended by the parties, the Agreement will terminate at the end of this year.

The Company also announced that its subsidiary, Mississippi Gaming Corporation ("MGC"), had entered into a Settlement Agreement with Cooperative Energy, a Mississippi Electric Cooperative, which had filed an eminent domain action against MGC, for $1,000,000 million in return for easements along the northern portion of the property. In October of 2023, Mississippi Gaming Corporation received $845,378 as part of the settlement amount. The parties are working on the wording of the easements. Once the easements are finalized and signed, Cooperative Energy will pay MGC the remaining amount due of $154,622.

The Company's Officers and Directors may purchase the Company's stock in the open market from time to time at prevailing prices.

I have personally, once upon a time when I lived down there. I had a weekend home there. The casino boat location would be a premium location as it would be only a couple hundred yards south off I-10 at the Diamondhead exit. DHead also has a private airport right there at that exit. This has been in play for decades though. Hurricane Katrina did massive damage at that spot though, typical for those hurricanes in that region

Have any of you guys ever seen this place

Value ? funny
the only one getting value is what the CEO and Chairman are ripping off

They haven't had much success yet and seem awfully slow with everything, but I do agree there is value here at this range

Continuing to accumulate down at 11 cent range, I own a lot of shares. This is an absolute steal at that price.

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Wake up brother M.M. play this stock like a fiddle.

I hope not!

well here we are still waiting for something to happen. Very little liquidity, inconsistently trying to pick up shares near a dime, but hard to get a fill. Seems every time I remove my bid thats when theres a fill, oh well I should eventually get filled.

Is it time to buy yet, or do we wait for .01 ? What's do we wait for the clarinet to make a sound?

Bid looks bad here , what's up.

2023, another year of lies and false promises, what will 2024 hold????????????

The better question is when have the dynamic duo, with the help of an incompetent Board, ever done anything?

You don't think the appraisal will be finished that they already had started a couple months ago?

You guys are really amusing. The only appraisal that is going on is the one the bankruptcy court will require