HOFV - Hall Of Fame Resort And Entertainment: Not The Disney World Of Football Merely A Midwestern Mirage

• HOFV is attempting to build the "Disney World of Football" in Canton, Ohio next door to the Pro Football Hall of Fame, highlighted by an indoor waterpark.
• HOFV shares have risen 160% this year as the company touted an NFT as well as passive, uneconomic buying as the company is being added to the Russell 2000.
• HOFV partnered with the PR firm for the Fyre Festival to release the NFT, and the offering was an unmitigated disaster. Only 1 of the 101 NFTs released sold.
• HOFV investments in physical assets have gone just as poorly, the first $250 million in investments generated just $1.6 million in revenue between 2019 and 2020, despite the assets being completed since 2017.
• HOFV is currently seeking a $200 million private construction loan to build Phase II of the project. When HOFV needed to raise $25 million last November, shares fell 60% when they diluted shareholders by just as much.

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