Here are a few more recent links I found to be interested in relating to timesharing and mptv in particular.
OK Hart, it's time for me to defend myself with a "PAST POST" to establish some credibility for myself.
Below is my post dated (July 22, 1998) from the OLD MPTV SI thread.
I've probably been following MPTV longer than anyone on this current thread.
My last two statements in my 7-22-98 post were as follows:
"The stock will still go up and down, but it will be a long time before Lake Tropicana is renovated in my humble opinion. I'll check back in a few months and apologize if I'm wrong."
Obviously, I haven't owed anybody any apologies since 7-22-98.
MPTV is WORSE OFF NOW than they were back in July of 98. They DIDN'T get financing back then and they WON'T get financing now! STILL, in my humble opinion.
FURTHERMORE, BACK IN JULY OF 1998, MPTV HAD FEWER THAN 300 MILLION OUTSTANDING SHARES. NOW THEY NEARLY HAVE 1 BILLION OUTSTANDING. WHAT DOES THAT TELL YOU?
RSH
___________________________________________________________________
To: Copper Master who wrote (1964)
From: RSH Wednesday, July 22, 1998 8:00 PM ET
Reply # of 2268
Dean: Common sense?
Lets use some common sense here. If the entire property was
bulldozed down to rubble, and the property was sold as raw land,
I could very easily believe the land could be sold for 150,000,000-
250,000,000 without any buildings on it at all.
Well Dean, the property was acquired in 1993 for 4.6 million. Does
your common sense tell you that the property has appreciated in value
that much?
I have been to the area where Lake Tropicana is twice in the last
two weeks. I did not visit the property as I did not have the address
with me.
Again Dean. Who is lacking common sense here? You are a shareholder
and you have been within miles of your investment yet you failed to
bring the address of the property so you could check it out for yourself?
Another common sense question for Dean and everyone. There are in fact several new hotels being built on the Las Vegas Strip. With
approximately 10,000 additional brand new rooms being added, why would
someone want to own an old "off strip" tiny time-share unit?
The Las Vegas strip is where property values are, not necessarily on
303 E. Harmon Ave. The Hard Rock Cafe and Hotel are popular because
they have built a solid reputation. Lake Tropicana is near that hotel. Lake Trop's next closest neighbor, the MGM Grand, is a solid
1 mile to the entrance.
I honestly didn't mean to bash this stock. I live in Las Vegas and
I came across the stock while looking at the "Active OTC Stocks" thread. That was only 4-5 days ago. I checked out the location, talked to a few people and wanted to give you folks the information
I saw and heard from people who worked at the property for years.
I apologize if I hurt anybody's feelings. This is the last time I will attempt to inform this thread regarding the Lake Tropicana property in Las Vegas. Obviously, no one wants the information.
The stock will still go up and down, but it will be a long time before
Lake Tropicana is renovated in my humble opinion.
I'll check back in a few months and apologize if I am wrong.
Sincerely,
RSH
Again, the above was posted on 7-22-98
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