RE:RE:RE:RE:RE:March madness.I have to go through your post systemically .
I 'll start at the last point re Shareholders exited. Do you mean excited?
Insiders own 80% of the company. There were no shares handed out to insiders last year. The company buys back thousands of shares a week. No sign of sales....unless they are selling to me.
Math: less shares in the float means higher NAV and thus BIGGER divi's for the owners. Exciting sure.
Eagle Mountain houses sold out. The Trails is next with no pre sales.
Dividend is paid from income from the (full) hotels and rental property. Almost all their income comes from this. Hotels = 72%.
Next up approval for RENTAL property. With help from BC government.
An insider loaned them $100 million at 4% .AFTER they paid the $3 dividend.
Me: 80% private so why bother with stock issue and analysts.