Q When did we get this presentation? Did we get it early enough to try to sell?
A Uh, I would not sell his, I would not sell my stock to him for a second, and the reason is also, besides him buying the stock, the company's also been buying the stock. Rarely have I ever seen a company in six years buy half their float back. So you have Barry Diller, who's the legend, aggressively buying the stock, and it's also now 80% of his NAV. Ok, so you, most people think of Barry Diller as the ABC producer. He did IAC, which owned assets like Expedia, and now he's a casino guy. What is going on here? So we spent a lot of time Um, asking ourselves why. Um, and why is MGM has two hidden assets. Okay. The first one is, and this is sort of our, the punchline of what we think the stock is worth. So you add the Vegas assets plus China, you get about low sixties. So from 48 dollars or 37 when I started this, great return. What is they, what they have now is a license to open a casino in Osaka, Japan. Japan, a couple of years ago, went through a whole referendum around the country. They have prefectures, the prefectures voted. The only one that decided to own open a casino is Osaka. Now, Osaka is, and this is what the asset's going to look like. It's going to open in 2030. If you go to the company's slide presentations, They sort of mentioned this, but they're not really talking about it. Um, Japan, just for you people, um, sorry, I don't know, this is very slow. Um, Japan actu…
AI assessment note: “I would not sell my stock to him for a second, and the reason is”