Re: My phone conversation with Jim Daniels, CEO of Diversified Acquisitions.
(makemoney765: I hope you like your present so far lol)
I will keep this first post as objective as possible and just report the initial introduction, his responses to my questions and his offering of information.
I called 4 times today and was able to get through the last time. We talked for a little over 30 minutes (I ended the call). He seemed hesitant at first (as was I), but opened up and seemed as straight forward as he could be through the remainder (and bulk) of our conversation.
Background: He is a former stock broker of 10 years (old brokerage firm is now Ryan Beck & Co, Inc). He grew up in Maryland. He has owned IR/Consulting businesses (non-public companies) in the past. He has done both non-profit (mainly helping the homeless) and charity work. He did work as a consultant for Premier Development and is willing to rectify the issues with them. They have not contacted him further. There is no lawsuit pending.
Old Business (TQWI): As far as he knew, certain agreements were not fulfilled (NFI). The company assets/liabilities are not a part of DVFA. FWIW Jim had done some work for them and likes the company.
New Business (DVFA): The address on the Nevada SoS filings is a relative's address (for the personal reason of not wanting to give his home address). He has taken over the former company's office (an attorney's office NFI). The old phone number now works for the new company. DFVA has in essence a clean slate. The company's business model will be as the name infers (my words = M&A). There are several (NFI) small companies Jim is interested in. He likes one in particular. There are a group of people (NFI) working with him.
Share structure: The float is totally owned by us (his words were "you"). It is as was stated on the TA filings. The Authorized shares haven't changed. In the short term there is no plan to reduce (nor raise) the A/S. Shares may be used to pursue other companies. He made no promises with respect to dilution.
Company financing: He is trying to conduct DFVA business operations without having to acquire financing, but made no promises to not consider it in the future.
Reporting status: His intention is to become a fully reporting company to include audited financials. No timeline for implementation.
With respect to investor relations and releasing information: DVFA does not have a website yet nor do they have a dedicated IR rep. Jim gets around "500" messages a day and can't keep up with all the responses. He also actually reads ihub posts to get a feel for public sentiment. He understands the frustration and wishes he could reveal more, but has decided the better course is to wait for all the shares to clear and a few other things (NFI). He'd like to get a PR out by next Wednesday but couldn't guarantee it. He thinks we'll like the business model and wants to do what is best for all (shareholders and the company).
How many legs does a dog have if you call the tail a leg? Four; calling a tail a leg doesn't make it a leg.
Abraham Lincoln
