OTCPK:HBAYF - Post by User
Post by
Infirstmoneyon Jun 19, 2019 3:23pm
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Post# 29841221
No Balls in Canada
No Balls in CanadaReal Estate worth anywhere from 25 to 30 bucks, and CEO wants it for himself. I could care less about the retail. Sell the Real Estate to a big REIT company.....lets say minimum 15 bucks, sell the brands and name to a Nieman Marcus or Nordstrom for $ 1.00 ( i kid, maybe a couple of million, not sure).
or convert the company to a REIT, convert 75% to 80% of the downtown stores to very high end condos. Or 100% of the store, if sales not strong. Only keep a small retail footprint, go online, and rent some space in best retail locations around the world. Only a select few locations.
Shareholders need to hire a securities law firm. Sue for your cash. HBC is a public company. CEO has no right to keep it to himself. Sentiment be damned! Ontario Teachers owns Nieman Marcus, set up a Real Estate venture combing the two, sell brands to Nordstrom. Have a Saks/Bay/NiemanMarcus REIT Company.