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jmhollen

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jmhollen

Re: None

Saturday, 06/28/2003 2:29:53 PM

Saturday, June 28, 2003 2:29:53 PM

Post# of 183
Mr. Bill's DD post:

» DONAR ENTERPRISES: 551K Float. 5.706M OS. CEO owns 5.145M or 90.1% of OS. 4.75M CEO shares are unregistered and restricted. Shares issued to date have been at .05 cents per share.
2000 Hamilton street #520 Philadelphia, PA 19130-3883 215-893-3662 Holladay Stock Transfer, Inc. Scottsdale, AZ 85251 480-481-3940 (DELAWARE Corporation)
» SEC Filings: http://www.gonow.com/files.php?cik=1141590&st=2&alld=ON
» Press Releases: http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=dnre&sid=0&o_symb=dnre&f.... Java charts: http://bigcharts.marketwatch.com/javachart/javachart.asp?symb=dnre&time=8&freq=1
»» 02/06/2003 Donar Enterprises, Inc. Begins Trading on the OTC Bulletin Board Under Trading Symbol DNRE http://bigcharts.marketwatch.com/news/articles.asp?guid={2163A0E0-ADC9-4F19-B554-6C860AAE069F}&n....
We are very excited about this listing and expect our trading status to enhance greatly our prospects for future growth. Donar Enterprises, Inc. offers economical, high quality EDGAR (Electronic Data Gathering Analysis and Retrieval) conversion services, resulting in significant savings for its clients on the electronic requirements of SEC compliance.
»» 05/01/2003 Donar Enterprises, Inc. Announces Growth Through Acquisition Strategy http://bigcharts.marketwatch.com/news/articles.asp?guid={43316EFA-4FDF-4CAA-BDD2-586B23B292B1}&n....
Donar Enterprises, Inc., a provider of formatting and EDGAR(R) filing services for companies and individuals that desire to submit electronic filings to the U.S. Securities and Exchange Commission ("SEC"), Thursday announced that it will commence a search for suitable acquisition candidates within its industry in the next 30-days. Ideally our candidates should generate between $100,000 and $1 million in annual revenues and be profitable. We expect to acquire companies which complement our position in the industry and which have a customer base that can be expanded. We expect to make all of our acquisitions using our common stock for the purchase price, thus saving our cash for the expansion activities of the acquired companies.
» Primary Company website: http://www.donarenterprises.com EDGAR Websites: http://www.fastedgar.com and http://www.edgarized.com Investor Relations 215-893-3662 James D. Baker info@donarenterprises.com
» Company Employees - TWO part time employees. CEO/CFO and VP. William Tay. 31. President, Chief Executive Officer, Secretary, Treasurer, Chief Financial and Accounting Officer and Director. Jeff Deell. 30. Vice President.
There are no other persons nominated or chosen to become directors or executive officers nor do we have any employees other than above.
»»William Tay has served as the Secretary of Donar Enterprises, Inc. since December 2002, as Donar Enterprises, Inc. Chief Executive Officer, President, Treasurer and Director since May 25, 2001. For the past five years, Mr. Tay has been a business consultant, specializing in corporate and securities consulting, and has served on the board of directors and as an officer for several private and public companies, including Valesc Inc., f/k/a NetCentral Capital Fund, Inc. (OTC-BB: VLES), Global Energy Group, Inc., f/k/a 1StopSale.Com Holdings, Inc. (OTC-BB: GENG) and Jeremy's Microbatch Ice Creams, Inc. (OTC: JMIC). Prior to that, Mr. Tay was a licensed NASD Series 7 Registered Representative. Mr. Tay is currently devoting his full time managing his own investments in securities and real estate.
»»Jeff Deell has served as the Vice President of Donar Enterprises, Inc. since January 2002. For the last five years, Mr. Deell has been working for Mediaweb Productions, a company based in Nova Scotia, Canada, collaborating with many broadcast professionals to produce audio for TV, radio and the Internet. Through Mediaweb Productions, Mr. Deell also specializes in developing specialty web sites and media content such as Flash and Shockwave animation, and other Internet services for clients worldwide. Mr. Deell has a background in radio and new media productions.
» Good stuff in filings:
»» Recent 2003 addition to the OTC BB. New stock.
»» Company specializes in filings so not likely they will get an E. Likely to be very accurate and timely on filings.
»» CEOs salary is only $85K locked in for 3 years. VP working for free. Deferred compensation until company can generate profits
»» CEOs agreed to loan company up to $25,000. Outstanding balance of $6,109 owed CEO as of latest 10K
»» The CEO and VP are young and aggressive. The CEO is very knowledgable about the stock market. The VP is very skillful with computer technologies.
»» First two years both CEO and VP worked without salary. CEO was issued the restricted shares as compensation for the companies startup, web site development, etc.
»» Company has adequate working capital for the next 12 months
»» No legal proceedings have ever been conducted against the company
»» 200,000 shares of restricted stock issued to US Capital Partners at .05 cents in exchange for $10,000 capital for the company. No increase in the float. Good.
»» The current marketplace of established EDGAR filing service providers is highly fragmented, with literally dozens of EDGAR filing service providers located throughout the country. As such, we believe that there is an opportunity for a publicly traded EDGAR filing Service Company to acquire several, smaller and more established EDGAR filing service providers.
»» CEO had bought a fair dollar amount of stock off the open market as well. Unfortunately, at a higher price than the 144 shares.
»» FREE rent / use of the CEOs office space, 800 sq ft. Anticipate additional space may be required as the business expands.
»» Person with most to lose (by far) is the CEO. CEO has to make it work or is out his investment in the company.
»» CEOs spending most of his time managing his own investments in securities and real estate. This is a side venture for him. CEO has other ways of earning money.
»» Recent acquisition where CEO has served as an officer or board of director. Looking positive. It too just starting to trade. VLES -> VLSHV. Acquisition on 6/18/2003. http://www.valesc.com

» Negative stuff:
»» 65K 144 shares by CEO recently. Given volume of late appears those shares have sold off. Increased float from 486K to 551K shares assumming those shares have been sold.
» Trading history: http://www.siliconinvestor.com/research/historical.gsp?s=dnre&c=0&o=d&fm=1&fd=1&....
___Date__ Open High Low_ Close Volume
06/27/2003 0.060 0.090 0.050 0.080 73,000
06/26/2003 0.020 0.020 0.020 0.020 02,000
06/25/2003 0.030 0.050 0.030 0.050 25,000
06/16/2003 0.060 0.060 0.060 0.060 05,000
06/13/2003 0.050 0.050 0.050 0.050 20,000
06/10/2003 0.050 0.050 0.050 0.050 20,000
05/02/2003 0.100 0.100 0.100 0.100 00,500
04/28/2003 0.050 0.100 0.050 0.050 10,000
04/17/2003 0.050 0.050 0.050 0.050 10,000
04/15/2003 0.060 0.060 0.060 0.060 10,000
03/31/2003 0.150 0.150 0.150 0.150 00,500
03/24/2003 0.155 0.155 0.100 0.100 10,000
03/17/2003 0.155 0.155 0.155 0.155 00,200
03/13/2003 0.200 0.200 0.080 0.080 34,000
03/06/2003 0.060 0.200 0.060 0.200 10,100
02/21/2003 0.230 0.380 0.230 0.380 05,100
02/20/2003 0.230 0.230 0.230 0.230 00,200
02/18/2003 0.030 0.030 0.030 0.030 10,000
02/13/2003 0.250 0.250 0.250 0.250 00,200
02/10/2003 0.030 0.030 0.030 0.030 05,000
___________________________________
Total shares traded to date: 250,800


.......According to the Great Pumpkin, ".....You're in .....iHub....., Charlie Brown....."!!!

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