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Topic: TSBB & Seminoles

Bigrod40
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posted

Has anyone heard anything about the possibility of TSBB being involved in the constuction of a Casino on a Florida Seminole Reserve??

Posts: 1637 | Registered: Apr 2004 | IP: Logged |

TeenageTrader
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posted

I heard something about it, but I heard it was just speculation.. maybe someone with more info can elaborate. It was a sort of "could be project" or something from what I heard.

Posts: 42 | From: Van Buren,AR US | Registered: Jun 2004 | IP: Logged |

BDUBS07
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posted

I heard abot something like that also. This just goes to show how much they are working on right now if its true. We will start to hear about these projects and the PPS will recover to levels of .01-.02 in the near future. Right now TSBB is a steal and come Tues. I think it will see a lot of action.

Posts: 204 | From: Marietta, GA, U.S | Registered: Apr 2004 | IP: Logged |

casico
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posted

I live very close to the Seminole Casino here in So florida..The money for this place( which) by the way is open and running .came from some new and unique financing methodas using a northern Fla city to secure bonds..
what else would you like to know...

Posts: 88 | From: ft lauderdale ,fl usa | Registered: Apr 2004 | IP: Logged |

Love the Market
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Casico -

Hello!

Are you talking about the new one at 441 & Sheridan St. in Hollywood? (I live in Coral Springs - they have on here now too on the Coconut Creek line at 441 & Sample.....That one COULD be Misosoukies (sp)

I doub't VERY much the Seminoles or ANY tribe need to partner with ANYONE to build casinos!

Anyway - Hi Neighbor!

Steve

Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003 | IP: Logged |

NoMore925
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posted

So Florida here too, Oakland Park.

Oh, and of course, TSBB holder too!!! GLTA

Posts: 129 | From: Ft Lauderdale, FL, USA | Registered: Mar 2004 | IP: Logged |

Sgt. of ARMS
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posted

Hello and how are all doing today? Just a note that when I talked to MR. LARSON of honeycutt, he would not confirm or deny the fact about the casino, he just said that he could not give insider info. Also when I e-mailed J.JENKINS of tsbb he also said nothing about the casino other than he could not give insider info. I believe that if you read between the lines, they could just say no we are not into the casino. However all they would say is that the could not give insider info. In other words if they said no that would not be insider info, however they could not say yes because that would be insider info. GET IT!!! TSBB ALL THE WAY TO THE MOOOOOOON AS PLATAPUSS SAYS.

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This is the Sgt. of ARMS saying good day and GOD BLESS all.

Posts: 370 | From: carson, ca. U.S.A. | Registered: May 2004 | IP: Logged |

Bigrod40
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I posted the same question on another board and got this answer, which I thought was a very interesting read.

cabbage22

Joined: 07 Feb 2004
Posts: 1283

Posted: Sun Jul 04, 2004 10:42 am Post subject:

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Yes Bigrod, they are planning on building a racetrack/casino in florida.

One thing to consider about TSBB, its a business development company (BDC) which reports under different rules than regular companies. The filing on Friday proposed the auth to increase to 2b from 500m in order to finance the racetrack/casino which was estimated to cost around $100m.

The company will put on their books the total cost of the casino development- and then VALUE the investment at fair market value. The difference will add to an unrealized gain, through appreciation of assets. Look over the company's past investments and the appreciation that they've had. Stop and think what a full blown casino/racetrack will be valued at once completed (not to mention their in house Buehler construction company will be doing the work).

I'm not trying to pump the stock- just presenting what I know about the company and BDC's. This is all my own DD. There will be more stock hitting the market, but as long as the funding is used to purchase assets (which it will) the company's value will grow and the stock pps should stay steady and increase in the mid-long term.

Given the situation its probable that the stock will dip as weaks sell off. I'm going to increase my position about 60% at the lowest point possible (when everyone is angry that its down so much), and wait.

JMHO, as always do your own research. Would like to hear other's opinions discussed here or pm.

Cabbage

Posts: 1637 | Registered: Apr 2004 | IP: Logged |

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