Double Crown Resources Inc. (fka DDCC)

[bob4dollars]

Folks this is my frst post in Ihub and I think we all need to consider some things:

First, DDCC is making a habit of posting good news then not following up. For example, on August 19, 2014 DDCC announced that an additional 200 tons of barite was supposed to be delivered to a customer as part of an expansion of the original order. The barite was to be delivered in September 2014. We have yet to hear a single word about it since then. We do not know if it was delivered and failed the quality tests, or if it was not delivered. or if it was delivered and the company collected revenue. In fact, the barite was supposed to be a revenue generating operation that supposedly was right around the corner. ( DDCC Barite Announcement August 19, 2014)
This is very disturbing. September was a long time ago and either there was no barite ordered and delivered or something did not go as planned. IMHO.

Second, we should all remember the court case that DDCC settled. In an announcement on October 15, 2014, DDCC agreed to pay Synergy $630,000 in cash within one year in addition to 3 million shares of stock. (DDCC Successful Lawsuit Conclusion) The company touts this as a successful settlement, but I am not so sure. If DDCC has to pay $630,000 and 3 million shares of stock, and gets nothing in return, how is it successful? In addition, how does the company propose to come up with $630,000 when the Translock is not ready, the price of oil is dropping like a stone, and no news on the barite can only indicate that something is wrong. The only way is to issue massive amounts of stock in private placements which will dilute shareholder value. A reverse split will be coming down the pike at some point as well. It is inevitable, since here are already 490 million shares outstanding.

Third, the Translock system may indeed be a game changer, but so far there has not been much interest that has been announced. Demos are all well and good, but if actual production of units is as close as the company says, one would think that there would be some contracts in place for the units. We have heard nothing.

I have a substantial investment in DDCC and it is for the long haul. That means weathering the ups and downs of a startup fledgling company. But at the same time, the company owes it to its shareholders to follow up even if the results are not as positive as one would like. I am staying with my long term investment, but my confidence in the company has fallen to where I will not buy any more shares, at least not until there is some good news. If I lose my current investment, I just lose it. It is the risk of investing in a fledgling company. I have held my shares for about 15 months now and see no reason to run out and sell.

We can all delude ourselves into believing that everything is well and good or we can look at the facts, and the facts are that DDCC is not following up with results on previous announcements and with oil dropping and a substantial obligation as a result of a lawsuit, DDCC may no longer continue to be a going concern. Obviously I hope that I am wrong, but I am seriously starting to wonder, and losing confidence in DDCC management every day. All of this is just my humble opinion. I am not hating on DDCC, just trying to pint out some facts that I am not seeing pointed out and discussed on this board. I have been watching ihub and reading the posts for over a year now. The pattern seems to be looking at all the positives, and not much of the negative. The negative is just as important as the positive.

Thanks

Bob