May 26th, 2015: Many of you are not surprised at the corruption of horse racing and just think it's part of doing business. Please do not miss this point. Penn National was quite literally bribing your public officials and law enforcement as I had pointed out. Not only are they stealing peoples money, they are corrupting your state. That's your real danger. Do not miss this opportunity. You're going to see all of these arrests in horse racing. You're going to see some of these public officials get arrested. Don't let them cover up this crime. This is an opportunity to clean up multiple states. Trust me, there will be a carry over. Penn National has more than one track. Do you believe this is the only track they have corrupted, or state that got corrupted?
And I'm going to make one more prediction; Penn National will close down. You see, they have already lost money last year. But we don't know why they lost money. I believe they are pulling equity out of all of their properties. Which is why their debt service goes up - to show a loss! You know what I also believe? The FBI is letting them do it! Because we caught them in a cover up. See, Penn National knows this, and I think they are leveraging the Feds, because Penn National knows the Feds are going to cover up for them. Lets not forget these people are criminals, and that's what they do! So the deal is struck to allow them to pull out their equity. And game over for Penn National. Pay attention to their stock.
- Mike Gill
Tim Wilmott, President and CEO of Penn National Gaming, discusses casino real estate with Andrew Benioff of Llenrock Group. Part III.
May 27, 2015: ARE YOU STILL NON BELIEVERS? You don’t think Penn National is an organization of the corrupt? You don’t think they cut a deal with the Feds?
They are not just liquidating equity in real estate, they are selling all their stock too! CEO Tim Wilmott (see attached article), in the last 30 days, has liquidated all of his shares! You could say he’s “cashing out”. He only has .30% interest left in the company! You know what that means? We are close to the arrests because that would have had to have been the deal with Penn National. Before the Feds yelled ‘fire’, they need to make sure everybody gets out of the building!
So now that they have and taken out their equity, the deal has to be that Penn goes down.. Or whatever is left of it. You know, like stock holders. Reminds me of the scene from Goodfellas when Polly takes over a restaurant, runs up the bills, cashes out, and they light a match. The only difference in this story, the Feds light the match.
Timothy Wilmott just Unloaded 5,750 shares of Penn National Gaming, Inc (NASDAQ:PENN), be careful if you are long!