The big day may have come and gone, but keep in touch as HOFV is always up to something new and exciting.
The NFT collection will be available on the OpenSea platform from May 17-24 at dolphindigitalstudios.com/h2h/.
Crawford: "You will recall a couple weeks ago.. having chance to meet with [NFL] commissioner Roger Goodell talking about future partnership opportunities and in fact in the coming days we plan on meeting again to discuss those even further"
Krom: "Increased bookings for Youth Sports venue Q2" Crawford: "Regarding NFT's.. Our goal is to release 2 of these per month"
Crawford: "The next probable stop for us in gaming is sports betting and you've heard me talk about.... we have been in very detailed discussion with potential sports betting partners... we look forward to having potentially an onsite presence, a sports betting presence at our destination in Canton"
Krom: "With our equity raises completed our focus continues to be on construction financing. Consequently there are still no immediate plans to raise additional common equity. Still targeting a signed construction loan by the end of the 2nd quarter."
Crawford: "Just off the phone with our primary construction lender this morning. We have line of sight on how to conclude and how to have a term sheet in place in the very near term. They feel good about where we are as a company and how we continue to produce results and grow."
Crawford: "We have multiple millions of dollars on the books for the remainder of this year in the event booking business for the hotel" Crawford: "Mobile App should launch in June"
Make sure to smash the like button and subscribe to their channel.
Intro - 0:00
What does $HOFV do? Who is Jason Krom? - 1:06
Career trajectory - 2:08
Day in the life of - 6:19
Impact of COVID - 7:55
Day in the life of... (part 2) - 9:12
Impact of COVID... (part 2) - 12:01
SPAC'ing - 15:26
Who does Jason look up to the most? - 18:05
Get in touch and learn more about $HOFV - 21:20
HALL OF FAME RESORT & ENTERTAINMENT (NASDAQ:HOFV) SHORT INTEREST HISTORY
Report Date: 3/31/2021
Total Shares Sold Short: 7.66M
Dollar Volume Sold Short: $28.8M
Change from Previous Report: +70.2%
Percentage of Float Shorted: 19.3%
Days to Cover: 0.3%
HOFV Share Price on Report Date: $3.76
Whereas the term “short volume” measures the number of shares that have been shorted over a given period of time, “short interest” represents the number of shorted shares that have yet to be closed out or covered by investors. Taking this one step further, the short interest ratio is used to assess how long it would take for all shorted shares currently in play to be covered. The larger the ratio becomes, the more outstanding shorted shares have yet to be closed.
A short interest ratio provides investors with an insightful overview of how many shorted shares have yet to be covered or closed. As the ratio increases, investors may think twice before entering a new short position.
Fundamentally, a short interest ratio is a mathematical formula in which the number of shorted shares of a stock are divided by the average volume of daily trades. To fully understand the implications of this formula, it is first necessary to explore the process of short selling.
When an investor “shorts” a stock, they are selling a specific number of securities that they currently do not own in hopes that the price of the asset will eventually fall. When an investor borrows the shares from a broker in order to sell them, they will eventually be required to return them. If the investor was able to sell the shares at a high price point and then repurchase them for a significantly lower price, they will be able to realize a profitable gain after returning the shares to the original broker.
That being said, there is considerable risk involved in this type of transaction due to the fact that there is no guarantee that the price of the shares will decline. For example, if shares are shorted and the price increases, the investor will be required to buy back the securities they borrowed at the new, higher price.
Furthermore IBorrowDesk (https://iborrowdesk.com/report/HOFV) indicates a 18.5% Annual Percentage Rate on borrowed shares.
As seen by the Trade Club Survey results from 4-4-2021 there is a strong sentiment for a bullish case on HOFV. 91.4% of survey respondents believe that HOFV stock price will increase short term.
If this sentiment is correct HOFV stock could see a short squeeze in which investors currently holding a short position will look to close their short position.
Failure to deliver (FTD) refers to a situation where one party in a trading contract (whether it's shares, futures, options, or forward contracts) does not deliver on their obligation.
In this context, it is when shorts open a short position but fails to find a share to borrow against their short position within 2 days of opening the short position (t + 2). They are then forced to close the short position by buying a share at the current market price.
The most up to date FTD Data can be found at https://www.sec.gov/data/foiadocsfailsdatahtm
The most current FTD data (as of 4/30/2021) is from April 15, 2021.
Settlement Date: 04/14/2021
CUSIP Number: 40619L102
Ticker Symbol: HOFV
Previous Period Qty. Fails: 260,669
Most Recent Period Qty. Fails: 21,678
* Note the Qty Fails on 4/12/2021 was 200,105
Company Name: Hall Of Fame Resort & Entmt Co.
Closing Price on Previous Day: $3.57
If all goes well, Pittsburgh Steelers football will return August 5th. With last year’s preseason and HOF Game cancelled, the NFL is rescheduling the Steelers/Cowboys game for the first game of the 2021 season. According to the Pro Football Hall of Fame website, the game is scheduled for the 5th at 8:30 PM/ET. Here’s what […]
HOFV Signs Partnership with Dolphin Entertainment for NFT
Company will begin offering Non-Fungible Tokens (NFTs) to maximize value of original media content
Hall of Fantasy League Now Open!
In it's inaugural day team staking had to be halted twice due tointerest in the Hall of Fantasy League #HOFL
Which Team Will You Support? https://finance.yahoo.com/news/hall-fame-resort-entertainment-company-120000356.html
Hall of Fame Resorts and Entertainment HOFV closed Thursday's Session (February 4, 2021) down 13.27% at $1.96 per share and is currently trading at $1.92 per share after hours.
The general consensus among Trade Club Members (www.tradeclub.org) is that HOFV is trading at a significant discount.
Let's start first by looking at Insider Transactions: Insider's are buying.
Insider's have bought 12,483,477 shares in the last 3 months.
107,000 shares were purchased by insiders on 2/12/2021 at an average share price of $2.45.
Insider's have the ultimate information on a company. They must believe the stock is worth more than $2.45 per share to purchase at this price.
So what has happened in the last 20 days to cause HOFV to trade below the $2.45 average insider buy price?
3/25/2021 HOFV Talks NFT Release Dates and Announces No Plans for Stock Offering
3/24/2021 HOFV mentioned in 10 NFT Stocks to Watch
3/23/2021 HOFV Signs Partnership with Dolphin Entertainment for NFT
3/4/2021 Press Releases
2/24/2021 Press Releases
HOFV announces that it will report Q4 2020 Results on 3/10/2021
2/18/2021 Press Releases
HOFV announces closing of underwriters option to purchase additional shares
HOFV announced the closing of the sale of an additional 1,836,734 shares of common stock at $2.45 per share
So there was underwriter support for the share price at $2.45.
If we go with the premise that HOFV share price is worth at least $2.45. That would mean as of today's close HOFV is undervalued by $0.49 per share or a 20% discount.
Further, looking at the HOFV Investor presentation released on January 11, 2021provides us with the following insights.
Copyright © 2021 Trade Club - All Rights Reserved. This is not Financial Advice. Trade Club is a loosely organized group of Individual Investors who like to discuss stocks for educational and entertainment purposes.
Powered by GoDaddy