Diamondhead Casino Corporation (PK) (DHCC) Quote

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

yea that was my fill for 1000 shares unfortunately thru Schwab costing me 8 bucks commission, exactly what I was afraid of would happen but I hadnt gotten the money moved over to Fidelity yet. I dont know about the appraisal should be soon though.

The 'incredible deal' continues into the new year. Anyone know when the new appraisal is supposed to be done? We need a boost here

i got my wish and was able to wipe up some of the slop on Friday, what an incredible deal

Ha!

you sound like G's love child!

Cut the crap man, take a hike, sell me your shares tomorrow. I have a massive, I mean a massive position here, and would love to add in the .17 range but theres just so little selling this tax selling season. This will literally end up on the moon, granted figuring out the timing has been very very difficult and while they havent closed on a deal, yet, lets see what the land value appraisal comes in at, way way above what the creditors will get, way way above that. We're fine, its the waiting that is frustrating. Milked the company, are you friggin kidding me? Why dont you show the proof of that, they havent made a cent, contrary. But when things happen they'll be rewarded modestly for their work.

The current value is zero, the creditors will take it all. The President and the Chairman are buffoons who have milked this company dry for over 20 years.
Have you ever talked to them. Ha!

Have a merry Xmas!

It should definitely help, everyone wants to know what current value is

I dont know for sure but its been requested and I think it should be in the next few weeks. I sort of wonder how much it will help our cause, I think it will depend on who they are talking to, so better to have it than not.

When will the new appraisal be done?

I have to say, with what the company has, the fact that we have not consummated a deal yet is baffling and extremely dissapointing. Our money has been tied up much longer than it should be. Thank goodness we have the land and with the new appraisal hopefully it will show significant increase in value. Part of me just wants to sell the land say at a buck a share and move on, its so painful to wait. In any case, shares in the teens if you can get them, should be very profitable.

Chart looks looks good here to add more

that's funny, that money is already out the door, and in insiders pockets !

Excellent to get $1 million cash to work with. Can be just the spark that is needed to consummate a deal finally

Note 13. Subsequent Events

On October 20, 2023, MGC received $845,377.89 as part of the $1,000,000 settlement amount due in Cooperative Energy, a Mississippi Electric Cooperative v. Mississippi Gaming Corporation, et al. (In the Special Court of Eminent Domain, Hancock County, Mississippi (Case No. CC23-0153). The parties are working on the wording of an easement. Once MGC signs the easement, Cooperative Energy will pay the remainder due to MGC. In line with previous agreements, the funds were used, in part, to reimburse two unrelated lenders a total of $40,000 for amounts advanced in 2023 and to reimburse the Chairman of the Board approximately $100,000 for amounts advanced in 2023. In addition, $45,503.74 was paid to the President of the Company to reimburse the President for expenses paid on behalf of the Company in prior years. The Company intends to use the remaining funds to pay property taxes for the year 2023, to pay its outside auditors and accountant for the Form 10-K for the year ending December 31, 2023, to prepare and file past due federal and state tax returns, to perform an updated wetland delineation survey and certain environmental studies, to obtain an updated property appraisal and updated feasibility study, to obtain aerials of the Diamondhead Property and surrounding area, to prepare updated marketing materials, to pay legal fees and expenses of outside counsel, to pay down some debt due, including rent due in 2023, and to pay administrative and operating expenses.

BUDDY,
You have been a trooper. If the M.M. didnt play this thing so much. Remember do your part. Dont let them borrow shares from your account. Thats how the game is played. If you are buying and holding like you in the long run. Thats all you can do. Hard to borrow money now. interest rates etc.

I am continuing to look for opportunities to buy under 20 cents. This has taken so much longer than I originally thought its not funny, but, that seems to be par for the course for many pennies but not all.

Is .24 a new 52 week low ? I'm thinking teens will be a great price to re enter

talk about a death of a 1,000 cuts

Any word on MRGE.?

very good , opportunistic $$ and takes the pressure off of management to keep us on an even keel, handle filings coming up, and also repay some of the management team's $$ used to bridge the gaps as needed along. Our big pay day is a comin'....gonna be nice. What a gem we own.

Well this is good…
One million dollars into the company coffers.
A minimum of 50% apparently stays in the company the other half will probably pay some liens. Just a guess there.

This should guarantee the company will meet all financial requirements in the upcoming future.

And hopefully implement some marketing strategies now that they have some cash on hand.



PART II: OTHER INFORMATION

Item 1. Legal Proceedings

Cooperative Energy, a Mississippi Electric Cooperative v. Mississippi Gaming Corporation (In the Special Court of Eminent Domain, Hancock County, Mississippi (Case No. 23CO1:20-cv-00221)

Cooperative Energy, a Mississippi Electric Cooperative v. Mississippi Gaming Corporation, et al (all lienholders of the Diamondhead Property. (In the Special Court of Eminent Domain, Hancock County, Mississippi (Case No. 23CO1:23-cv-00153)


Since 1994, American Telephone and Telegraph Company (“AT&T”) has had an exclusive right of way easement along the northern portion of Mississippi Gaming Corporation’s (“MGC”) Diamondhead, Mississippi Property (“the Property”) to construct, operate, maintain, inspect, alter, replace and remove communications systems which they may require from time to time. Cooperative Energy, a Mississippi Electric Cooperative, is also seeking a permanent easement along the northern portion of the Property on which to construct, maintain and operate electric transmission lines together with an access road. On November 19, 2020, Cooperative Energy filed a Complaint with the Special Court of Eminent Domain, Hancock County, Mississippi seeking an Order authorizing the Cooperative to enter onto the Property for the purpose of examinations and surveys. The matters sought in the Complaint were quickly resolved by agreement of the parties. The Company’s understanding and MGC’s understanding was that the case would be dismissed, but the case was not dismissed. On May 24, 2023, Cooperative Energy filed a Complaint for Eminent Domain in the Special Court of Eminent Domain, Hancock County, Mississippi in which it named MGC and all persons and entities holding liens on the Diamondhead, Mississippi Property as defendants. On July 28, 2023, Cooperative Energy filed a First Amended Complaint for Eminent Domain.

On or about February 19, 2023, the parties entered into an Indemnification Agreement to fully indemnify MGC and Diamondhead Casino Corporation and each of their respective directors, officers, employees, agents, attorneys, and affiliates, and hold each of them harmless and defend each of them against any and all claims, losses, damages, expenses and/or liabilities to which an Indemnified Party might become liable arising out of or relating to any activities conducted on or about the Property by Cooperative Energy and/or its respective directors, officers, employees, agents, attorneys, affiliates and/or representatives and/or any unrelated third parties, contractors and/or subcontractors performing any activities on the Property at the request of or for the benefit of Cooperative Energy.

On or about October 26, 2022, Cooperative Energy offered MGC $395,038 for the easement. MGC rejected this offer. On or about April 18, 2023, Cooperative Energy offered MGC $643,748.00 for the easement. MGC rejected this offer. On or about May 24, 2023, Cooperative Energy offered MGC $850,000 for the easement. MGC rejected this offer. On or about June 20, 2023, MGC offered to accept $1,000,000 for the permanent easement provided that i) Mississippi Gaming Corporation got at least fifty percent of the $1 million; ii) payment was received on or before September 1, 2023; and iii) no trial was required. On or about July 3, 2023, Cooperative Energy agreed to the amount conditioned on agreement of the other defendants in the case. All interested parties, including all persons or entities holding liens on the Diamondhead Property, are being served together with MGC as defendants in the case. If all parties cannot reach an agreement as to the amount to be paid for the permanent easement and the manner in which it will be divided, the matter will be submitted to a Judge or a jury for determination.

Cooperative Energy has informed MGC that it has obtained an agreement from AT&T concerning AT&T’s pre-existing exclusive right of way easement so that the Company will not be in breach of its agreement with AT&T.

10q filed today, no news on the "buyer"😥

Grabbed some at .271 today ..decent price

I think you need to put your ear to the track.....that should make you happy.

Another month in the record book

To da moon! Wow what a statement

when the right news hits, and it will hit, this is going to da moon, literally. For now, I recommend nibling in the mid-25s if you have the money

yes - perpetually waiting for something to happen.