OTCPK:PDPYF - Post by User
Comment by
dalerules88on Jan 15, 2019 12:46am
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Post# 29231613
RE:RE:Pony Looking to Sell $150M of Land
RE:RE:Pony Looking to Sell $150M of LandI'm guessing they're trying to sell some land to set a precedent and a market price on which all of pony can then be valued;
if they can sell 150mil @ say 4,000/acre, that would value PONY at about 900mil on land reserves alone; so you'd get a double benefit - some extra cash to pay down debt and at the same time remind the market that you're trading at 1/5 book and 1/8th NAV or something like that