All of us shareholders have heard all of this crap before for the last two years or more. All you have to do is open your eyes and look. DDCC is ALWAYS planning and anticipating future orders. The Translock is ALWAYS unique and cutting edge. The projects are ALWAYS projected to bring in money for the company. Ya know what? Not a single penny. Not one. Why should any shareholder vote for an increase in authorized shares when DDCC has done absolutely nothing to increase shareholder value?
Not a single signed lease on the Translock. If it is so cutting edge and a game changer why is there not a single lease? It don't have to be in full production to lease at least some. Offshore rigs are leased before they are produced all the time. That's why there is often a backlog. So a unique, cutting edge, and game changing transport device cannot be leased before it is produced? Reality check. It can be, but apparently no one is interested.
Last year is was barite that was gonna bring in money. It was anticipated that revenue from operations would be sufficient to fund future operations. Not a single penny. So someone explain to me why shareholders should vote this company an increase in authorized shares when in reality it will do nothing but dilute our value further and DDCC has done nothing whatsoever to increase value in the first place. Planning and anticipating does nothing. Selling and delivering generates revenue.
When I get my proxy statement I am voting against it. When DDCC shows some REAL progress on their business model then I will vote for it. All I want is SOMETHING that is tangible, not planned or anticipated. But personally I see no reason to throw good money after bad by diluting shareholder value for projects that are not clearly defined and have thus far added no value whatsoever. So 2015 is gonna be the year? Thats funny, I thought it was 2014 gonna be the year. Next year it will be 2016. After that it will be 2017. All in my very own humble opinion.
