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Dalrada Financial Corp. (DFCO)

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Last Post: 3/19/2019 3:30:34 PM - Followers: 40 - Board type: Free - Posts Today: 0

(Update 3/9/19):

Biggest News Yet (and this is only one of their subsidiaries!!):

Dalrada Financial Corp. Subsidiary Receives Purchase Orders, Forecasts Exceeding $2 Million From First Major Client

SAN DIEGO, March 6, 2019 /PRNewswire/ -- Dalrada Financial Corp. (OTC Pink: DFCO) Dalrada's wholly owned subsidiary Dalrada Precision has succeeded in receiving further purchase orders and forecasts exceeding $2 million for components from its first major client.

Additionally, the company is in final negotiations and qualification processes with five additional multinational companies. If successful, the sales backlog would exceed $10 million in fiscal year 2019.

Dalrada Precision CEO David Pickett said, "Progress is exceeding our expectations with our sourcing strategy, and we are continuing to seek strategic partners to further enhance our Internal Strategies. While actual sales revenues may not generate the total sales backlog we are confident that our run rate will match our forecast."



(Update 2/6/19):

Dalrada Precision Operations Underway
 
1/23/2019 8:00:00 AM - PR Newswire 

Dalrada Precision Initiates Website
 
2/6/2019 8:00:00 AM - PR Newswire 


(Update 11/28/18):

Dalrada Financial Corp. became pink sheet current in early 2018 and got caught up on all of their deliquent SEC filings. Their CEO is Mr. Brian Bonar who was previously CEO over at Trucept Inc. ($TREP) until early 2017.

https://seekingalpha.com/news/3246691-trucept-names-norman-tipton-ceo

Bonar's Linkedin profile: https://www.linkedin.com/in/brian-bonar-a123136

Bonar also has made a big name for himself in the restaurant business and I've found countless articles singing his praise in that avenue.

https://www.google.com/search?safe=off&client=firefox-b-1&biw=1390&bih=634&ei=aVr_W6LRMKG7jwSxio3wAg&q=brian+bonar++restaurants&oq=brian+bonar++restaurants&gs_l=psy-ab.3...18729.18729..19125...0.0..0.66.66.1......0....1..gws-wiz.nWwhjS-w_8M

Now that Bonar has retired as CEO of Trucept, I think he's finally giving his attention to his once pet project over here. He's technically been CEO of Dalrada for nearly 20 years however I get the impression they went dark a while ago and it's sat on the back burner for years. Something is up though, now that Bonar has time on his hands. The move to get the company current was the first sign of something brewing here and that's not a move a company would make for no reason. I guaranty you that all the fees to get current after years of not filing were not cheap.

If you piece together the few press releases that have come out since the company has become SEC current, you'll see the puzzle start to come together. Probably the most interesting bit of information that I've come across is $DFCO's president. His name is David Pickett and he's the COO of a semi-conductor company which trades on the Nasdaq ($LASR). As of today (11/28/2018) the company trades with a market cap of over $700 million and not too long ago it was trading with a nearly $2 billion cap. To put it simply, an officer of a company with that sort of pedigree would never mess around acting as the president of an OTC company with a market cap currently well under $1 million dollars without a damn good reason. If he is on board along with Bonar, I have to strongly suspect good things are on the horizon.

The share structure here is absolutely pristine. The O/S is 47.3 million and the float is 38.8 million, with Bonar owning 5 million shares himself. You can reference the filings going back years and you'll see the o/s or float haven't changed a bit.

The most recent press release spelled out what sort of imminent upside the company is looking at.

Dalrada Precision Inks $100K in Purchase Orders

PR Newswire

LAS VEGAS, Nov. 2, 2018

LAS VEGAS, Nov. 2, 2018 /PRNewswire/ -- A new subsidiary of Dalrada Financial Corp. (OCTBB: DFCO) has won new business from a leading semicon equipment manufacturer. A provider of mechanical parts, Dalrada Precision has received initial purchase orders valued at $100 thousand. Revenues will be reflected in the first quarter of 2019. The projection for these purchase orders is to reach approximately $2 million in value during 2019.

David Pickett, Dalrada Precision president, said that in 2019 the company expects additional revenues of an additional $8 million to be placed with the company.

"Creating the right foundation and support for our customers is a key component of the strategy for growth for 2019 and 2020," Pickett said.

 

https://www.otcmarkets.com/stock/dfco/news/Dalrada-Precision-Inks-100K-in-Purchase-Orders?id=209025

So according to that last PR the company is anticipating revenues of upwards of $10 million in 2019, and keep in mind who is making that claim. Of course any OTC CEO or president can and does make outlandish claims which often prove to be smoke being blown up our tail pipes, but Mr. Pickett is not your typical OTC president. His status as COO over at Nlight, which is essentially 1,000 DFCO's wrapped into one if comparing current market caps, adds a level of credibility rarely seen in the OTC world. When a guy with that sort of clout makes those sorts of statements and is on board with a tiny fledgling OTC company like this, I listen.

Between the company getting current, the management on board and the story being spelled out via their press releases, there's a lot going on here on the surface. The proof though is in the pudding, or in this case in the chart. With that much going on, you would suspect that smart money has been loading the boat. Right? If that were the case, the chart should reflect that sort of subtle underlying strength and should indicate accumulation has been taking place. Right? Well that's exactly what you'll see if you look at a 10 year chart for $DFCO.

The company going current in early 2018 sparked a huge rally which broke the price out of a 9 year trading range. Since then the stock has consolidated with textbook perfection above that old trading range. Now the stock has been building a new base above the old one and is only a modest move away from breaking it's current resistance in the upper .02s and from there it's on to a new 10 year high breakout. The beauty of this chart is that it's strong and bullish as it gets, yet in OTC terms it really hasn't even ran much yet. It had that one big spike and has since cooled off and settled down with nearly a year of consolidation. The big boys cleared out all of the shares under .01 a long time ago and now they're nearly finished taking all of the sub .02s as well. My opinion is that this chart below shows that the vast majority of the float is locked down and if you watch it trade and follow the L2s it will only confirm that theory. 

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=dfco&x=43&y=12&time=13&startdate=1%2F4%2F1999&enddate=12%2F16%2F2013&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=50&uf=0&lf=1&lf2=0&lf3=0&type=4&style=350&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=15
 
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#3661  Sticky Note $DFCO HUGE NEWS this week. Multi-million purchase orders!! SearchingForRunners 03/09/19 03:00:54 PM
#3207  Sticky Note Dalrada Precision became pink sheet current in early SPM555 12/10/18 09:59:15 AM
#3692   Just plenty of popcorn. DFCO floored 03/19/19 03:30:34 PM
#3691   Less than 80k showing on the ask to Hitman1127 03/19/19 02:09:02 PM
#3690   The volume completely died off on the pullback SPM555 03/19/19 12:40:45 PM
#3689   DFCO down 20.55% for the week with 295.5k floored 03/15/19 07:20:10 PM
#3688   Nice! Hitman1127 03/15/19 06:13:36 PM
#3687   attorney letter out today now we should be gumzsa 03/15/19 04:06:54 PM
#3686   $DFCO healthy consolidation before next leg up. You SearchingForRunners 03/15/19 11:19:57 AM
#3685   I think we need attorney letter 1st gumzsa 03/14/19 11:05:28 PM
#3684   Should go current tomorrow Hitman1127 03/14/19 10:41:40 PM
#3683   filings out gumzsa 03/14/19 03:23:31 PM
#3682   The spread has been huge all year. It Hitman1127 03/14/19 09:22:40 AM
#3681   Much lower buyers throwing out mosels. Nothing more,,,see floored 03/13/19 07:36:41 PM
#3680   I'll be doing the same thing I've been SPM555 03/13/19 04:00:34 PM
#3679   HUGE decline on no volume - good time ElCollector 03/13/19 03:52:55 PM
#3678   And this is year 1 of the revival. SPM555 03/12/19 09:06:38 PM
#3677   Oh,and have a nice night. floored 03/12/19 08:15:55 PM
#3676   I doubt to many people will just buy floored 03/12/19 08:13:44 PM
#3675   I doubt too many people are going to zepak 03/12/19 06:20:04 PM
#3674   Then maybe you need to raise your bid, jagmanjoe 03/12/19 01:25:02 PM
#3673   I’ve been bidding but no one’s selling $DFCO SearchingForRunners 03/12/19 01:12:37 PM
#3672   Ready to pounce on another 100k when made available ElCollector 03/12/19 01:04:49 PM
#3671   Nobody’s selling. Looking good $DFCO SearchingForRunners 03/12/19 12:34:29 PM
#3670   Bids building in the 3s with no walkers Hitman1127 03/12/19 12:02:47 PM
#3669   How about a bowl of popcorn. Actually Cracker floored 03/11/19 11:22:17 AM
#3668   Well said, floored. $DFCO is primed to do SearchingForRunners 03/11/19 10:48:44 AM
#3667   I'll answer that,,,,As high as the sellers will floored 03/10/19 07:30:19 PM
#3666   Good stuff! How high do you see $DFCO going? SearchingForRunners 03/10/19 03:26:35 PM
#3665   Just wait until Erwin Rommel learns DFCO: Watch Panzer 03/10/19 02:16:55 PM
#3664   $DFCO going to catch scanners this weekend. Like SearchingForRunners 03/10/19 02:02:50 PM
#3663   We all just need to wait for the ElCollector 03/10/19 12:24:00 PM
#3662   Glad to be here with y'all. I think SearchingForRunners 03/09/19 03:07:49 PM
#3661   $DFCO HUGE NEWS this week. Multi-million purchase orders!! SearchingForRunners 03/09/19 03:00:54 PM
#3660   Thats because we all know its going much higher... zepak 03/08/19 07:41:07 PM
#3659   100% agree. Once the volume comes this will SearchingForRunners 03/08/19 03:53:51 PM
#3658   Agreed! Still waiting on volume but it’ll come, Hitman1127 03/08/19 03:23:28 PM
#3657   Very nice average. I think people realize how SearchingForRunners 03/08/19 03:19:15 PM
#3656   My average is 0.0149 and I feel lucky Hitman1127 03/08/19 03:15:34 PM
#3655   My goodness, did you guys hear how loud floored 03/08/19 02:43:52 PM
#3654   Good morn, longs. No one selling. Only a SearchingForRunners 03/08/19 11:37:26 AM
#3653   Ok, no one other than Gumsza! SPM555 03/08/19 10:11:59 AM
#3652   Why am I not surprised. DFCO floored 03/08/19 10:07:39 AM
#3651   I have a few .0009s been holding forever. gumzsa 03/08/19 09:40:13 AM
#3650   No one is holding trips here, this barely SPM555 03/08/19 08:59:39 AM
#3649   $DFCO News-Dalrada Financial Corp. Subsidiary Receives Purchase Orders, trader_ron 03/08/19 08:21:58 AM
#3648   GM DalRiders,,,probably more whipsaw action as trip/ double floored 03/08/19 08:03:24 AM
#3647   Slow day but the consolidation phases are just SPM555 03/07/19 03:54:38 PM
#3646   Popcorn anyone? floored 03/07/19 02:52:41 PM
#3645   The bid ask is just insane and so ElCollector 03/07/19 11:10:29 AM
#3644   No selling here. I’m bidding more $DFCO SearchingForRunners 03/07/19 09:42:21 AM
#3643   GM DalRiders floored 03/07/19 08:51:47 AM
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