InvestorsHub Logo
Followers 91
Posts 11766
Boards Moderated 0
Alias Born 01/05/2004

Re: Luke_McCain post# 33343

Thursday, 04/27/2017 10:54:55 AM

Thursday, April 27, 2017 10:54:55 AM

Post# of 35722
You make valid points, clearly you have a deeper understanding of the business. I was responding with what I recalled of my opinion from a cursory look I made what seems like around a year ago.

The company could certainly be doing the right thing for shareholders, I don't know. The attempted acquisition of two companies, it isn't clear, at least to me, if the purpose was to try to get cash & working capital (eg rather than an acquisition it is more like an investment of those business owners in DNI). Maybe that's why it didn't go through as the equity offered had a market (in Jan 2016) of about a $1M. Doesn't square with getting $2.2M of cash & WC as well as ownership of some base metal exploration properties.

I chose not to go any further since there was something I didn't at the time and still don't quite understand.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.