$HIHI CEO of the Company, Gene Thompson, joined St
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Posted On: 02/09/2021 6:48:06 AM
$HIHI CEO of the Company, Gene Thompson, joined Stock Day host Everett Jolly.
Jolly began the interview by asking about the Company's background and current projects. "We're a publicly traded company; we trade on the OTC Pink under the ticker symbol 'HIHI'," shared Thompson. "Right now we're trading at around 10 cents, but we believe that we're undervalued," he continued, adding that the Company will be launching an IR campaign to generate more awareness and interest.
Thompson then elaborated on the challenges of the COVID-19 pandemic, as well as the Company's achievements throughout 2020. "It helped our industry because it lends itself to remote living, and that's what we do, by design," said Thompson regarding the pandemic. "Right now we have a $1.3 million RV park near the Dallas Fort-Worth metro, which is a hot market under contract. We're expecting to close that sometime around the first of March," said Thompson. "If we get that accomplished, that should be a game changer in terms of our attractiveness to investors."
"Since early last year, we've been seeking out residential and commercial properties in our marketing area, which includes Texas, Oklahoma, Missouri, Arkansas, and Lousiana," said Thompson, adding that the Company also added two members to their advisory board in 2020. "We also bought our first residential property, that now is our corporate headquarters," shared Thompson. "I'm pleased to tell you that we already have $50,000 equity in it."
"What are your plans going forward in 2021?" asked Jolly. Thompson elaborated on the process and potential of closing on the $1.3 million RV park. "This park in Texas is throwing off about $84,000 in EBITDA," said Thompson. "If we could acquire it by the first of March, we believe we could improve that to about $110,000 for 2021," he shared, noting that the facility can also be expanded rapidly.
"The second one is a campground located in Arkansas located near our corporate office," explained Thompson. "We're negotiating that right now," he said. "That also could be a game changer because it's right here in our backyard."
Jolly then asked about the Company's plans for funding. "What we plan on doing this year, and are in the process of doing now, is upgrading to the OTCQB so that we can have access to venture capital," said Thompson. "We've got commitments from Houston to provide the million dollars to buy the Texas RV park; our piece of that would be $150,000 at closing," said Thompson. "That would give us a 60/40 split of EBITDA after debt service," he added. "Those are the two acquisitions projects that we're working on now, and we believe we can close both of those in the next 4 to 6 weeks."
Jolly began the interview by asking about the Company's background and current projects. "We're a publicly traded company; we trade on the OTC Pink under the ticker symbol 'HIHI'," shared Thompson. "Right now we're trading at around 10 cents, but we believe that we're undervalued," he continued, adding that the Company will be launching an IR campaign to generate more awareness and interest.
Thompson then elaborated on the challenges of the COVID-19 pandemic, as well as the Company's achievements throughout 2020. "It helped our industry because it lends itself to remote living, and that's what we do, by design," said Thompson regarding the pandemic. "Right now we have a $1.3 million RV park near the Dallas Fort-Worth metro, which is a hot market under contract. We're expecting to close that sometime around the first of March," said Thompson. "If we get that accomplished, that should be a game changer in terms of our attractiveness to investors."
"Since early last year, we've been seeking out residential and commercial properties in our marketing area, which includes Texas, Oklahoma, Missouri, Arkansas, and Lousiana," said Thompson, adding that the Company also added two members to their advisory board in 2020. "We also bought our first residential property, that now is our corporate headquarters," shared Thompson. "I'm pleased to tell you that we already have $50,000 equity in it."
"What are your plans going forward in 2021?" asked Jolly. Thompson elaborated on the process and potential of closing on the $1.3 million RV park. "This park in Texas is throwing off about $84,000 in EBITDA," said Thompson. "If we could acquire it by the first of March, we believe we could improve that to about $110,000 for 2021," he shared, noting that the facility can also be expanded rapidly.
"The second one is a campground located in Arkansas located near our corporate office," explained Thompson. "We're negotiating that right now," he said. "That also could be a game changer because it's right here in our backyard."
Jolly then asked about the Company's plans for funding. "What we plan on doing this year, and are in the process of doing now, is upgrading to the OTCQB so that we can have access to venture capital," said Thompson. "We've got commitments from Houston to provide the million dollars to buy the Texas RV park; our piece of that would be $150,000 at closing," said Thompson. "That would give us a 60/40 split of EBITDA after debt service," he added. "Those are the two acquisitions projects that we're working on now, and we believe we can close both of those in the next 4 to 6 weeks."
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