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I'm not impressed with the holes in their quarterly filings. I mean the latest that I'm finding is from Q1 2018? And it really doesn't look that great to me, opens up with the disclosure of a loss of clients. I see the 58.8m in NET REVENUE for 2017 and 50.6m for 2016 but GROSS PROFIT is respectively 4.7m and 4.1m. And again the loss of 2 clients was mentioned in the 2017 year end filing as well. But you see when you read into it they were able to push their margins higher by gaining clients in first place.
In conclusion when talking about net revenues and not gross profit I would actually expect a 2018 year end report at or even below 2017's levels. This doesn't mean there isn't a trend of revenue growth going back years, but I would go to suggest that it is leveling off a bit until the company gets their house in order.
Still! I'd go as far to value the company at $0.03 until we get more information. All of this means is that the road is longer and bumpier. Years.
There were what, 10 people trading on Friday? Are we seriously doing technicals on something that has no liquidity? And if all of you are holding, then what is out there to be bought by the rest of the market?
In this game of "What will you give me for this?" a stock is only worth what both buyers and sellers agree it's currently valued at.
So if anyone is saying this is worth 0.02, then sell at that and not a fraction of a cent less. Whatever happens on whatever date good or bad, it won't mean a damn thing unless we at least have some sellers raising the ask at some point because if good news does come you can bet we're screwed if we got sellers under 0.02. Build a ladder!
It's in their interest to boost the PPS now no question about it but what they need to do is maintain $4-5 a share for a month, if we expect eligibility for NASDAQ in December, and if they release now, you have to think how that boost in PPS is going to slowly decay like it is already. And they do have that middle of November deadline to release that quarterly, that is the latest it can be expected. I'm not saying it can't come for example before open on Monday or over the weekend, but they'll want to milk everything they've got, they want to control the flood gate and ride those waters until they're in the clear with a massive margin for error.
Bought a lot at $0.125 and have still only been able to average down to around $0.07. The PPS has been everywhere south of that and I haven't sold a thing.
It's simple. If this at any point within 10 years reaches say $50 PPS, what you're really doing is taking the money you've invested and multiplying it by 1000. There's a poor chance of that actually happening I'll admit but if you buy and hold now until even $0.20 then that to me justifies the risk.
All the research done on this company, which I understand the skepticism behind anything that isn't published by the company itself, it all pales in comparison to one simple fact: The new owner is a billionaire. I'm interested in seeing what he does with the company which for all intents and purposes has flatlined and bottomed out almost as low as it gets and that the only place to really go is up.
I believe I can give an honest answer, the end of next year is when I will consider bailing out.
And my reason is the same as to why I've bought in: A very wealthy Chinese business man has bought a worthless shell of a company, no matter what he intends to do with it and no matter what the product is the chances of the PPS increasing to something meaningful is very great. A third of my shares were bought at $0.12 with the game plan that I would not care how low the share price gets over the coming months. All other information is supplemental and does not change why I'm here.
I fully knew that a tough time such as this would come, and I swore that I'd hold strong. If I can get a 300% return by end of next year, great, I have won, and that's a modest target when if you look back in April of this years we have speculated on this board that $DOVL could rise to as much as $0.60. It's not a dollar but let's be realistic, it's a profit.
Again, DeQun Wang's name and signature on the SEC and state fillings is the most important piece of information out there. This has not changed, we've had verification after verification from various agencies and governments that he is very real, and very rich, and nothing that goes against that. It's enough. What he does with the shell is on him.
I'd buy more but my account is basically spent across the board and I'm not willing to take more out of my bank. If the stock had more widespread coverage and more new players then we'd see it but I honestly believe that anyone who does have shares at one time or another they've visited this board and I think we actually do affect the PPS, we've seen that when a date is hyped up only to later disappoint.
Wang DeQun's gas money? How many employees at the time of that figure, 1 or 2?
It's unaudited, if this were a scam you'd think that expense would give it away... so why leave it in there? And operating expenses for a larger period are about $80,000.
For some reason I'm still expected to sell? When I first bought shares with intent to go long back in April, it was with the decision that I wouldn't care what the PPS goes down to, and that's the risk I've accepted and still am comfortable with. But that's my business.
None of the underlying information which I based my decision off of has changed, and that is this: DOLV was and even still is pretty worthless, its new owners are very wealthy and with many businesses, and whatever it is they decide to do with this is going to one way or another be better than where we are now and that means money for anyone holding shares.
A ton of great detective work over the past several months has been accomplished on this board (pity that it's slowed down into what it is now) but for anyone seeking information, a lot has been buried in posts from March, April, May, etc, you just got to go after it. Example: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=129862101