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To: Dr_of_Microcaps who wrote (42)11/22/2005 7:54:57 AM
From: leigh aulper  Read Replies (1) | Respond to of 53
 
"The property appraised for over $100 million contingent upon all permits. with just over 29 million issued and outstanding shares that would put the book value at what?"

that puts the value at over $3 / sh,

and that was before Katrina,

since then, the licensing issues are simplier because the new law allows them to be build on land, not water. Also, there is a good chance that that the land will be part of the tax redelopment zone. Also, at the time the appraisal was done they only thought about 120 acres of their 400 acres could be built upon, now it is believed all 400 acres can be developed.

Talk about undervalued. here's a thought, what happens if they can build more than one casino on the sight- yikes



To: Dr_of_Microcaps who wrote (42)11/22/2005 9:54:08 AM
From: mikehunt2  Respond to of 53
 
Hey Doc, I've been to the property too. Want to know an interesting fact about the DHCC property. You have to go past it to go to PENN's property. There is rumor on the PENN yahoo board that Penn may make a run at DHCC. Could they be the one doing all the buying.

Things that make you go hmmmmmmmm!!!


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