DealerAdvance Inc. (DLAD): More info from the CEO: As an aside,...

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investor99

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Sunday, 11/25/2007 11:44:54 PM

Sunday, November 25, 2007 11:44:54 PM

More info from the CEO:

As an aside, all is sorted now so, let me continue to post. Of course any personal attacks and off topic posts will have to be removed. Let's keep it clean and civil folks we're moving in the right direction in a major way.

One thing to remember is that the dilution they made this month (half restricted) was partially made to enter the european market. If this is not smart, I don't know what is.

So, ok, we know that in about a week or two, we will be at 115 million o/s (35% restricted), the added 15 million shares used 50% for employee bonuses (restricted shares), and 50% for consultants assisting them enter the european market.

I did post to the CEO that I was a little confused about what was going on based on tonight's post, etc. Here's his response:

I'm sorry if you are getting confused. If I didn't believe the company had a fantastic future, I would not be wasting my time, as I have another very successful privately held company and other interest as well. DealerAdvance is an important company to me, as I love turnarounds ( I spent 30 years in broadcasting doing nothing but turnarounds with great success).

We will continue release news on a consistent basis over the next several months as part of our IR campaign.