[We are CrazyAboutNewfoundland.com] Newfound now at 1/2p (£0.005)
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Canada KDG
Feb 27, 2009, 5:21:00 PM2/27/09
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[http://www.crazyaboutnewfoundland.co.uk]
Today someone sold 240,000 shares in Newfound NV for as low as £0.005p. Yes, that's half a pence per share! If that person had bought when the company (not so long ago) first floated (at around £0.70p), those shares would have cost £200,000 ... and were sold today for £1,400
OUCH!
But perhaps it reflects the rumours I'm hearing about Newfound's possible plans to get back into Humber Valley Resort on Western Newfoundland. The resort is about to come out of CCAA administration and is in a tender process ending next week. Word has it that both Newfound NV, and the original founder of the resort Brian Dobbin are likely to be bidders to regain control of the resort. However the business plan and logic for both is rumoured to be based on being given control of further Crown Land (aka the Expansion Land) by the Provincial Government, and then making their money on selling land to investors, along with a future promise ... [sound familiar??]
I hear from well placed sources that the government has made it clear at recent meetings that they are far from ready to be giving away the additional Crown Land at HVR, and that it will not be allowed to be part of any bid.
Perhaps the stock seller realised that any opportunity at HVR is not likely to match the normal Newfound business model of land sales?
And is Brian Dobbin's commercial plan any different? I suspect it's actually similar to the original HVR plan, and does include the expansion land as its main driver.
What do you think?
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Posted By Canada KDG to We are CrazyAboutNewfoundland.com on 2/27/2009 09:45:00 PM
Today someone sold 240,000 shares in Newfound NV for as low as £0.005p. Yes, that's half a pence per share! If that person had bought when the company (not so long ago) first floated (at around £0.70p), those shares would have cost £200,000 ... and were sold today for £1,400
OUCH!
But perhaps it reflects the rumours I'm hearing about Newfound's possible plans to get back into Humber Valley Resort on Western Newfoundland. The resort is about to come out of CCAA administration and is in a tender process ending next week. Word has it that both Newfound NV, and the original founder of the resort Brian Dobbin are likely to be bidders to regain control of the resort. However the business plan and logic for both is rumoured to be based on being given control of further Crown Land (aka the Expansion Land) by the Provincial Government, and then making their money on selling land to investors, along with a future promise ... [sound familiar??]
I hear from well placed sources that the government has made it clear at recent meetings that they are far from ready to be giving away the additional Crown Land at HVR, and that it will not be allowed to be part of any bid.
Perhaps the stock seller realised that any opportunity at HVR is not likely to match the normal Newfound business model of land sales?
And is Brian Dobbin's commercial plan any different? I suspect it's actually similar to the original HVR plan, and does include the expansion land as its main driver.
What do you think?
--
Posted By Canada KDG to We are CrazyAboutNewfoundland.com on 2/27/2009 09:45:00 PM
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