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Our shares are worthless?
Yep. And when he's rid of us, he'll start selling again.
re: "I never will invest again in Pk's and OTC scam market."
Yapp, it looks like that. Pk's and OTC is only for gamble, never should be an serious investment. I learned too.
Good luck to you.
indeed, it sounds like that! No good prospects!
BTW. was you able to put an order lately? Do we still have a global lock?
what a mess, what a disappointment! I have no problem with a r/s, but this part "... have no effect on the authorized number of common and authorized number of preferred shares and no effect on the par value of the stock." sounds not good at all!
what an ugly way to expulse the old shareholders...
Last month I could sell most of the position at 0,0002 and some at 0,0003 when there was some demand. I have now only 395.000 shares and I will write off with my broker.
Same to you stocker. Best wishes for the future.
After all this time finally we have lost. It's a shame. I'm going to write off the shares with my broker so I will save the tax.
I has been a pleasure to share all this time with you, all friends of the DBYC foro.
I know now that this company is a scam, their workers and their business. We bet and we lost.
In my opinion I have learned the lesson and I never will invest again in Pk's and OTC scam market.
Cheers from Spain and Merry Christmas.
Do somebody know the email?. I would like to send a message.
my email is kikmontero@gmail.com
based on what? We are not majority.
Can we launch a class action against this criminal Chin?
no way! Peter Chin will dilute OS and get money to buy a coffin for his parents and whole family!
Maybe we'll get lucky over time and the'll be worth .25 to .50
I think I have you beat. Mine are worth $2.00.
I feel your pain!
I told you guys-this guy made some deal with PwerSave and I ended up with DBYC-I asked Chin about powerSave and he said he had no idea what I was talking about-these small time CO's are criminals alot of the time-what does this mean 1:500 RS on share for every 500? I have 72000000 that means 14400 shares?
After all time waiting come back to the market this POS, finally Chin has opened our backholen without vaseline.
All I want is to sell my shares and forget this scam
Who knows. I didn't get R/S split into oblivion
but I'm pretty close. I imagine some did.
Can we sell this garbage scam?. I want to sell all my shares at 1.
Peter Chin, shxt! fxck you
that means The shxt, Chin, can issue new shares to dilute the OS!
Chin is a son of shxt!! fxcks!
1:500 Reverse Split - Pre14C filed today:
http://www.sec.gov/Archives/edgar/data/1382085/000126246311000312/dbycreverse14c.htm
This reverse stock split will reduce the number of issued and outstanding common shares from 2,402,176,200 to approximately 4,804,352 and have no effect on the authorized number of common and authorized number of preferred shares and no effect on the par value of the stock.
Anybody know anything?
This one is dying? What is Mr. Chin doing now?
It would be a good thing if this started
trading before then!
I hope we trade before Dec. of 2012 - everyone is predicting the end of civilization
OK thanks, When do we trade?
ALWAYS,
You may be right for the sales being $400,000 less in 9 months but if you balance all the income/cost/expense, DBYC pretty much break even for the 9 months. Overall 2011 has been the same in my opinion or even better if you subtract one time 160k sales contract in Q1 of 2010.
-$437,988 less sales in 2011 (cuz of 1- 160k contract for 2010 Q1)
+$117,790 (less expense than 2010)
+$70,000 (less travel expense than 2010)
+$26,000 (less cost for supplies than 2010)
+$18,529 (less adminstrative cost than 2010)
+$45,758 (less extinguishment debt and interest expense than 2010)
= add the +'s and u will save $280K approx. to $437k in sales decrease and that leaves u with $157k in 2010 surplus but minus that with $160k contract then 2011 u do better by 3k. :)
READ MY BOLD NUMBERS BELOW to knw where I got my numbers
Revenue
Total revenue was $854,142 for the nine months ended September 30, 2011 compared to $1,292,140 during the nine months ended September 30, 2010, a decrease of $437,998, or 34%. The decrease in revenue resulted from three principal reasons: first the company, in an effort to capitalize on growing demand for software to support inspections related to the Fair Housing Act, devoted material executive and staff time to develop and test the internally developed software, which had a short term consequence of decreasing first quarter revenue activity. Secondly, the first quarter of the prior year enjoyed the revenue timing from the conclusion of a certain large project that directly contributed approximately $160,000 in the first quarter of the 2010 period. It is the Company's belief that the first quarter revenue interruption from the Fair Housing software development will be more than offset by future commercial activity derived from the new software. Thirdly contract approval delays, due to various prospective client budget concerns and/or economic constraints various prospective clients approval times have been protracted as both public and private sectors are scrutinizing and protracting the approval process as a result of the Nation’s economic circumstances. As the Company continues to be awarded contracts and the ADA laws are absolute the Company views the above referenced circumstances as short term in nature and not reflective of a permanent change in the business environment.
Cost of Revenue
Cost of revenue for the nine months ended September 30, 2011 decreased by $117,790, or 23%, to $400,010 for the nine months ended September 30, 2011 from $517,800 for the nine months ended September 30, 2010. The components of cost of revenue are compensation costs of inspection staff and travel expense. Compensation costs of inspection staff decreased by approximately $70,000 and travel expense decreased by approximately $22,000 from 2010 as a result of reduced travel and associated expenses related to reduced inspection activity in the first quarter of 2011 and the result of the capitalization of compensation related to the development of software designed for Fair Housing inspections. Equipment and supplies consumed decreased by approximately $26,000 from 2010 to 2011.
Selling Expenses
Selling expenses for the nine months ended September 30, 2011 increased by $1,177 to $81,225 for the nine months ended September 30, 2011 from $80,048 for the nine months ended September 30, 2010. The primary increase in selling expenses consisted of increased costs related to new marketing and promotional activity in 2011.
General and Administrative Expenses
Total general and administrative expenses for the nine months ended September 30, 2011 decreased by $18,529 or 3%, to $559,703 for the nine months ended September 30, 2011 from $578,232 for the nine months ended September 30, 2010. The primary components of our general and administrative expenses are compensation costs not associated with cost of revenues or the sales process, and include insurance, rent and depreciation. The decrease in general and administrative expenses resulted primarily from various increases and decreases in these components.
We do not expect general and administrative expenses to increase substantially in the coming 12 months. We intend to focus on operating efficiencies, increasing revenues, and attaining profitability during this period. As our core support infrastructure is now in place we expect that due to increases in revenue, we will enjoy significant high margin profitability, particularly as our staff expansions will be in revenue generation and not support staff (for example should the Company need to significantly expand the inspection staff, there will not be a need to expand administrative support nor management for that staffing, accordingly higher margins will be obtained).
Interest Expense and Loss on Extinguishment of Debt (Other income/expense)
Other income/expense for the nine months ended September 30, 2011 was a net expense of $35,972 as compared to $81,730 for the nine months ended September 30, 2010. The decrease of $45,758 is related to the reduction of interest expense of $11,712 and a decrease in loss on extinguishment of debt of $34,046.
Sales are down around 400,000 from last year? Because Thorpe resigned? Can Chin issue more shares or will it be a forward split? At least it's not a R/S
How much more could he increase the shares? Wouldn't all the shares have less value?
Not sure if there is a limit to what he can do. He owns the majority of the stock. Yes, more shares on the market would make our shares worth less.
How much more could he increase the shares? Wouldn't all the shares have less value?
Looks like Chin may increase A/S?
"After giving consideration to the convertible preferred stock held by Mr. Chin, our remaining common stock
equivalents exceed our common shares available for issuance by approximately 9,900,000,000 shares. Although we
are required to obtain shareholder approval to increase our authorized shares, Mr. Chin has control of shareholder
votes in excess of 50%. Therefore, the ability to increase our authorized shares is considered to be within the
Company’s control and we have not accounted for these common stock equivalents as derivative instruments at
September 30, 2011."
Anybody have a link to the quarterly report?
Looks like Chin filed a quarterly report today...Guess that means we are still alive. Just wish Chin would provide some news for both the company and the trading situation.
No time to do so recently. I might contact them this week.
sry, I don't know.
But did you contact your broker recently about this 'Global Lockdown'?
anybody knows how long it will take for Mr. Chin to solve this kind of problem?
I have not tried to sell this but I have another stock with DTT trouble that TDAmeritrade will sell both electronically and through a broker. This stock might have more problems than just the DTT, but the broker should be able to close your position or sell the stock as it is not at nobid. I am holding this till it has more life in it. I was holding for a year so more time to allow it to climb out of the hole it's in, is not a problem for me. GLTY
ATrade means TDameritrade? No, I still can't put a sell order through TDameritrade.
ATrade won't allow buying but will accept selling, and even tried the broker there but they trade with the DTT compliance ant the Org people there won't allow it. I have heard you can trade this with other brokers, but I can't say for sure.
Blocked shares?. Say to your broker that there is some volume.
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Disability Access Consultants, Inc.
LATEST NEWS & FILINGS
http://finance.yahoo.com/q?s=DBYC.PK
PTS, Inc. Subsidiary Disability Access Corporation Announces $535,000 in New Contracts and Inspection Orders for July 2009, July 22, 2009
PTS, Inc. today announced that its subsidiary, Disability Access Corporation, its wholly own subsidiary Disability Access Consultants Inc. (DAC) has signed a $245,000 contract with Tuolumne Joint Powers Authority to provide inspection services. Additionally, DAC has renewed its contract (not to exceed $120,000) with the Office of the Independent Monitor for Los Angeles Unified School District to provide monitoring services. DAC has also received commitments to inspect over 120 quick service restaurants as a part of its multi-year contract with one of its long-standing clients (estimated revenue for these quick service restaurant inspections will likely exceed $170,000). "Though the economic downturn did have an effect on number businesses and various public entities, we have noticed a significant increase in request for proposals and demand for services. While the second quarter was lower than anticipated, the third quarter is shaping up to be our busiest ever, and we expect to be completing contract negotiations with a number of new clients over the next few weeks," stated Barbara Thorpe, DAC's President.Separately, DAC has secured office facilities in the Washington D.C. area. The Washington D.C. office is being opened to further facilitate DAC's business plan.
http://finance.yahoo.com/news/PTS-Inc-Subsidiary-Disability-prnews-3222431736.html?x=0&.v=1
Business Summary & Partial Client List
http://ptspi.com/DAC%20Brochure%20February%202009.pdf
Preliminary Year-End Results & Annual Shareholder Meeting, January 13, 2009
PTS, Inc. today announced that its subsidiary, Disability Access Corporation is reporting that unaudited net results for Disability Access Consultants (DAC) improved in comparison for that of the prior year of 2007 by $123,000, representing an improvement of over 520%. As of December 31, 2008 fourth quarter unaudited revenues were approximately $313,000. This compares with fourth quarter 2007, posting revenues of $390,000, representing a decrease of approximately 20%. For the calendar year to date ended December 31, 2008 unaudited revenues were $1,418,000. This compares with revenues for the same periods of 2007 of $1,453,000, representing a decrease of approximately 2% from the prior year. Peter Chin, president of PTS, Inc., remarked, “We’re very pleased with the trend of increasing net income figures, and feel 2009 will see increases in revenues and continued improvement in net income, as the year goes forward.” Separately, Disability Access Corporation and its parent company, PTS, Inc. hereby announce that their annual meeting of the corporations will be held on February 6, 2009, at 9 o'clock AM, PST, at DAC’s principal offices located at 720 W. Cheyenne Ave., Suite 220, North Las Vegas, Nevada 89030. The purposes of the annual meeting will include reviewing the activities of the corporation for the preceding year and transacting such other business that may properly come before the meeting.
http://biz.yahoo.com/bw/090113/20090113005260.html?.v=1
Shareholder update, December 09, 2008
http://ptspi.com/shareholder%20updates.htm
Preliminary Results for Third Quarter 2008, October 7, 2008
http://biz.yahoo.com/bw/081007/20081007005398.html?.v=1
Record Revenues and Record Increase in Net Income of 3,600% Reported, July 9, 2008
http://biz.yahoo.com/bw/080709/20080709005573.html?.v=1
Forecasts Net Income for Second Quarter 2008 May Increase by 700% When Compared to Entire Year of 2007, April 25, 2008
http://biz.yahoo.com/bw/080425/20080425005181.html?.v=1
Transfer Agent
Madison Stock Transfer,
1688 East 16th Street
Suite 7
Brooklyn, NY 11229
Phone: (718) 627-4453
last TA update, July 22, 2009
Authorized Shares (AS) = 2,500,000,000
Outstanding Shares (OS) = 2,437,676,200
Contact Info
Disability Access Consultants, Inc. (DAC)
1-800-743-7067
Email: info@DACcorp.com
www.daccorp.com
720 W. Cheyenne Avenue, Suite 220
North Las Vegas, NV 89030
Phone: 702-649-7411
Fax: 702-649-7417
last update, July 22, 2009
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