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Correct, I would claim it in 2018. But I cannot instruct you to do so. Worthless is arbitrary. Non-trading is a good place to start.
DCR has been worthless for a couple years now
Worthless stock deductions in general. The owner of stock that becomes worthless generally may deduct its tax basis in the stock as a worthless stock loss for the year in which the stock becomes worthless. ... Consequently, it is often prudent to claim the deduction for the year in which the stock first becomes worthless
Thanks. I didn’t know that one. Will look into it.
Investors invested in paying someones high rise living rent, which is a taxable event to the individual who lived there. There was no valuation benefit to the investor. The scum bucket should be ashamed for stealing shareholder capital.
The IRS has a worthless security write off in the IRC. Use it.
it hasn't been actually proven this company is a scam.
C'mon, really?
Network of Central American mines? Korean gold buyers? Canadian moose pasture mining claims? V. little of what they tried to promote made any sense whatsoever. The Translock was the only half-way credible thing they promoted, but even that was pretty flaky.
Proving a "scam" is difficult, but use your common sense.
Lets be clear, it hasn't been actually proven this company is a scam. It is all speculation and guesses that they are a scam. Clearly, DDCC has been very poorly managed and has done a lousy job with promoting such a promising game changing invention such as Translock. Maybe they couldnt afford to file their financials. Who knows. Maybe their PR's were true. Who Knows. Maybe they will come back in the near future. You never know.
It’s terrible that they keep invested hopes up on Facebook. I highly doubt this ever comes back from the dead. I lost on this company. I just wish I could get rid of my shares for tax loss.
Another reason for denial.
Well, that's terrible!
So, when they say they are "working on it", what does that mean? Are they trying to track down the ghost ship loaded with gold? Packing their last boxes, before crossing the border into Mexico?
I believe Renee has researched this and only 1 or 2 companies have ever comeback after revocation in the last two decades.
I think FINRA will ask for the missing gold ghost ship before approving a 211 for active trading. IF the gold ghost ship cannot be found, they will deny DDCC. FINRA actually has a "Have you ever been suspended or revoked" line on the 211 Form, they already know to deny this scam.
They will want them to support the gold shipment, and that will never happen. Also, they will want audited financial statements and they cannot provide that because the audit will contradict the press releases.
Another reason for denial.
wait until the economy strengthens further
Investors' have lost their money, for good. The strength of the economy, good or bad, has no bearing and never did.
Stephimac, thanks for posting Allen's latest Facebook message. We are grateful they are still doing what they can to restore the business and stock listing. Actually, we have no choice but to wait, since we couldn't sell our shares anyway?
So, let's all be patient and wait until the economy strengthens further and DDCC's business starts picking up again.
Hope all had a merry Christmas, and wishing all a very happy and increasingly prosperous New Year! [:>)
Thanks for copying the new message from management on the Double Crown facebook page. Good to see they are still commenting about bringing the stock back to trading status. I still have my shares and will continue to hold.
Contrary to some peoples belief, the company is working behind the scenes to bring something back together
First it was a scam, and there's nothing to bring back. They backed themselves into a corner in 2015 making false claims about their Mexican adventures, and the Jan 2017 8K pretending to be a gold broker was a bute. Things they would've been required to account for in a 10K. Instead...
They did what cornered scams do - sort of forget to make the filings. While continuing to pump away, and dump stock. This one tried to bail out from the requirement by filing an 8K saying they had changed accountants. Then instead of just supplying the audits for 2015. 2016 to bring the filings up to date (which they couldn't since it would've exposed the scam), they tried a Form 15 to deregister. Only problem the SEC wouldn't accept the Form 15, and delisted the stock 2 weeks later.
There's no "working behind the scenes" as that would mean the DDCC scammers would have to come clean with the SEC, and in the process exposing themselves as a past scam. The SEC would deep six it.
The only purpose the facebook nonsense provides is to molly-coddle those scammed, keeping any class action SH lawsuits away. Which usually accomplishes nothing anyway. Meanwhile SHs don't even have a ticker to trade, and never will again.
When developments allow it is management's intention to apply to have the company stock returned to active trading status.
It is just cruel of DDCC management to lie to investors that way, and keep their hopes alive.
This is over - investors caught holding DDCC shares at the end were screwed.
I noticed there was a new message from Double Crown management on the company Facebook page this month. Here is a copy of it:
December 8 at 12:48 PM ·
Please note that the stock symbol of DDCC is not currently trading in the open market However, the company is still in operation and has not filed for any form of bankruptcy. When developments allow it is management's intention to apply to have the company stock returned to active trading status.
know they have a serious intent to get things back as soon as they can
How do you "know" that? The endless fantasy stories are over here, your stock is worthless.
I don't understand a lot of their actions either, and why Allen Lopez hasn't posted lately on Facebook, but do know they have a serious intent to get things back as soon as they can, and feel we should continue with patience waiting until good news is reported.
Why not "work" in front of the scenes with transparency? Did they get evicted from the Houston high rise apartment that shareholders were paying for? Did the container demo get repossessed? Hiding behind the green curtain? Seriously?
I continue to follow here..
Contrary to some peoples belief, the company is working behind the scenes to bring something back together
IMHO
GD11
when things come together for this company again the people who still have their shares can benefit.
but Management has clearly stated they are doing what they can
That is hilarious. Management has clearly stated a lot of things.....mostly lies. Clearly.
Korean gold shipments?
Network of central American mines?
Canadian moose pasture gold mine?
I agree there are some issues we all wonder about, but Management has clearly stated they are doing what they can, and will report any further news when it becomes available.
The Korean gold boat is adrift in the mid-Pacific gyre. Along with billions of pieces of plastic, fishing lines, buoys, and everything else that washes off the Asian continent.
No updates on the ghost ship of gold sent to Korea from a couple years ago?
I wonder what these guys do for their full time jobs?
Hate to break it to you, but scammers live off the proceeds of their scam until the money's gone, then they start a new one. Look for all the management to pop up elsewhere.
Does anyone really think DDCC will come back? Anyone know anything that I have not? Has anyone actually met CEO Jerry or President Allen? Seems like a fat chance for sure. It’s been over a year now! Not too fun looking at almost 2M shares at $0.00. Jerry Drew emailed me back only twice out of my 4/5 emails I sent to him. Same story we’ve heard... I wonder if there are any grounds for a lawsuit. Probably wouldn’t go too far with a broke company. I’m so disappointed with the amount of puff and fluff DDCC seemed to brainwash us with, time and time again. Also, remember how the FB post said there would be updates and relisting in 2018? Well, it’s already Nov!! I wonder what these guys do for their full time jobs? I really want an explanation and don’t have any hope. Total bummer.
The company management has stated
LOL....company management has stated a lot of stuff over the years. Mostly lies, fabrications, nonsense - Korean gold shipments, network of Central American gold producers, Moose Pasture gold mine, and on and on..... Why trust anything these penny stock scamsters say?
The company management has stated on the Double Crown Facebook site that they will issue more updates as developments allow.
See that "fka DDCC". You know what that means? You got bamboozled, your stock is worthless.
I am also keeping this place on my regular check list. When there are new developments we should have more info from the company. Just have to be patient.
I do check periodically and the sites are still maintained. They are working behind the scenes and will come back when they are ready. I will still be here.
Pink sheet-listed companies have no requirement to be listed. All a company needs to do to get listed on the pink sheets is submit a form, entitled Form 211, with the OTC Compliance Unit. Usually this is done on behalf of a company by a market maker. The form must have current financial information. The more willing a company is to show its books, the easier it is for a broker-dealer to quote a price for that company. Some companies will make it easier and others will not; they are under no obligation to do so, and because of this, transparency is not comparable to financials for exchange-listed companies.
Pink sheet-listed companies are usually very small, tightly held and may also be thinly traded. The most difficult part about the pink sheet-listed companies is many of them do not even file annual or periodic reports with the Securities & Exchange Commission (SEC). This can make it very difficult – if not nearly impossible – for an average investor to get any real information regarding these companies.
Read more: The Over-The-Counter Market: An Introduction To Pink Sheets https://www.investopedia.com/articles/fundamental-analysis/08/pink-sheets-ottcb.asp#ixzz5Tjh6MUgl
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Have Lopez and Drew spent all your money yet?
Checking in. I try to stay in touch...
...with folks that speak to Lopez and Drew.
GD11
when they are ready to come back public again
Unfortunately for investors, not gonna happen. The money is gone.
the company is working even though the stock is on hold for now. when they are ready to come back public again they should have much more to say.
No, I doubt it.....stuckholders are not welcome anywhere near the condo.
No, but stuckholders can still park in valet parking at the corporate condo?
I guess the word that DDCC was suspended still hasn't sunk in.
Allen Lopez still has the DDCC Facebook page. He just hasn't posted anything since June 1, 2018.
With today's surging economy, some positive news should come now any day!
It's a shame he got rid of his Facebook page..... At the very least he sure had some hot looking ladies on there, lol
I am seeing the same trends in the mainline news. There is always opportunity for companies who make the right connections.
The economy and exports are looking a lot better this year. There should be opportunities for the Double Crown transport tech in the mineral as well as agriculture markets. Still watching here.
I agree, greendolphin. We just need to be patient here.
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Double Crown Resources, Inc. (DDCC)
Company Website: http://www.doublecrownresources.com
Watch National Television Feature on Double Crown Resources: http://www.doublecrownresources.com/index.php/news-media/media
(Hosted by Terry Bradshaw & Kevin Harrington)
From the company website:
WELCOME TO DOUBLE CROWN RESOURCES
Double Crown Resources, Inc. (Trading Symbol: DDCC) is a publicly traded company in the mining & minerals sector with special emphasis on global commodity supply. Double Crown Resources drives minerals to the market with our macro logistics game changer container system called Translock2 (Translock Squared). This advanced commodity transport system is designed for highly efficient, economical and environmentally friendly shipment of aggregate and fluid commodities across a wide range of industries including mining, agriculture, chemical supply, industrial work, construction and more. The unique patent-pending Translock2 offers gravity feed, pneumatic, venturi systems, double stack capability and a dual interlock intermodal design for global transport, transload and transfer by road, rail and water routes. Full details can be found on the dedicated Translock2 page of this website and in our accompanying Power Point slide presentation.
One of the great advantages of the Translock2 system is its ability to immediately convert standard flatbed rail cars into sealed, 100 ton aggregate commodity carriers to help relieve rail industry transport backlogs. The individual units can further be employed as portable silos and storage containers on site. Translock2 is a logistics game changer for the worldwide industrial commodity shipping market.
Double Crown Resources is also set up to supply many different bulk commodity products including industrial minerals and precious metals via our signed agreements with a network of established, high quality sources in Latin America and other countries. The company also holds 100% ownership in the Bateman gold and precious metal mining property located in Ontario, Canada. Business offices for DDCC Marketing Group, LLC, a wholly owned subsidiary, are located in Houston, Texas. Please refer to the Properties page of this website for more detailed information.
The entire Double Crown Resources management and consultant team has a diverse selection of skills and professional experience. This team includes business leaders with proven histories of success, geologic experts, technical engineers, mining specialists and business project developers with both international experience and multi-lingual skills. Brief biographies can be found on the Management page of this website.
Developing news from Double Crown Resources is issued in public press releases and other media presentations as well as all required SEC filings on a regular basis. These can be found on those respective pages of this website; News, Media, SEC Filings. Anyone with questions or comments may contact the company at any time via the information located on the Contact page.
The primary mining & mineral assets of Double Crown Resources are provided by our established business relationships with many private mine companies throughout the world. Through these established sources we are able to provide industrial quantity shipments of high grade strategic minerals, particularly those needed by the oil & gas drilling industry such as barite, bentonite and fracturing sand. We are also able to provide the associated plant-based drilling commodity guar gum as well as speciality chemicals all of which are needed for modern extraction methods such as hydraulic fracturing and horizontal drilling.
Double Crown Resources supplies vital mineral commodities globally and transports them with the TransLock2 (TransLock Squared) interlocking bulk material transport system.
COMPANY CONTACT:
Double Crown Resources, Inc. (DDCC)
Jerold S. Drew, CEO/Chairman of the Board
10120 S. Eastern Ave., Suite 200
Henderson, Nevada 89052
Phone: (702) 851-5860 Fax: (702) 660-3405
Email: info@doublecrownresources.com
Double Crown Resources on Facebook:
https://www.facebook.com/doublecrownresources
Double Crown Resources on Linkedin:
https://www.linkedin.com/company/double-crown-resources
Double Crown Resources on Twitter:
https://twitter.com/doublecrownr
Double Crown Resources SEC Filings:
http://www.otcmarkets.com/stock/DDCC/filings
------------------------------------------------------------------------------------------------------
LATEST NEWS:
Double Crown Resources Intends to File Financial Reports Within 30 Days (Globe Newswire, May 25, 2017)
Double Crown Resources Executes MOU with Amity University and Prepares for Bulk Guar Gum Shipments via Intermodal Transport System (Globe Newswire, April 26, 2017)
Double Crown Resource Enters Collaboration with Amity University of India on Advanced Intermodal Transport System
(Globe Newswire, March 27, 2017)
Double Crown Resources Focuses 2017 Business Plan on Commercial Marketing of Intermodal Transport System for Petroleum and Agricultural Industries (Globe Newswire, January 3, 2017)
Double Crown Resources Signs Exclusive Agreement for SealaFresh Food Preservation Transport Technology (Globe Newswire, November 29, 2016)
Double Crown Resources President Reports on Progress with Intermodal Transport System (Globe Newswire, October 12, 2016)
Double Crown Resources Acquires Controlling Interest of Major Gold, Silver and Minerals Property in The Puebla Region of Mexico
(Globe Newswire, October 5, 2016)
Double Crown Resources Announces Patent Issued Today for Advanced Intermodal Transport System (Globe Newswire, August 30, 2016)
Double Crown Resources Announces Additional Patent Filings on Breakthroughs for Advanced Intermodal Transport System (Globe Newswire, August 12, 2016)
Double Crown Resources Commences Delivery of Gold for Multi-Million Dollar Supply Project Announced Earlier in 2016 (Globe Newswire, July 19, 2016)
Double Crown Resources to Accelerate Marketing and Maximize Assets by Licensing Advanced Intermodal Transport System to Large Container Manufacturers and Global Shipping Operators (Globe Newswire, June 28, 2016)
Double Crown Resources Announces Filing for Multiple Additional Patents on Intermodal Container System to Support New Commercial Projects (Globe Newswire, May 17, 2016)
Double Crown Resources Releases Detailed Slide Presentation on TransLock² Aggregate Material Transport System, a Macro Universal Logistics Enhancement (Businesswire, Monday, November 3, 2014)
Double Crown Resources Introduces TransLock² Aggregate Material Transport System, a Solution to the Current Rail Industry Capacity Shortage (Businesswire, Thursday, October 30, 2014)
Double Crown Resources Completes Successful Demonstrations of New Aggregate Material Transport System for Fracturing Sand, Barite and Agricultural Commodities (Businesswire, Tuesday, October 28, 2014)
Double Crown Resources Announces Successful Settlement in Legal Issue Over Commodity Transport System and Plans to Move Forward with Development, Marketing (Businesswire, Wednesday, October 15, 2014)
Double Crown Resources Adds New Board Members in Response to Increasing Business Activity and Customer Base (Businesswire, Thursday, August 28, 2014)
Double Crown Resources Announces Expansion of Initial High Grade Barite Order and Developing Vendor Status with Top Level Oil Industry Customers (Businesswire, Tuesday, August 19, 2014)
Double Crown Resources Welcomes New Mining and Oilfield Project Specialists to Operating Team (Businesswire, Thursday, August 7, 2014)
Double Crown Resources Provides Shareholder Update on Plans for Funding Full Execution of Company Mission (Businesswire, Thursday, July 31, 2014)
Double Crown Resources Reports on Initial Shipment of High Grade Barite to 1st Customer Prior to Long Term Monthly Supply Contract (Businesswire, Monday, July 28, 2014)
Double Crown Resources Signs Letter of Intent for Long Term Lease of Premium Grade Fracturing Sand Source in Wisconsin (Businesswire, Friday, July 18, 2014)
Double Crown Resources Signs Contract for Exclusive Rights to Major Source of Highest Grade Barite, Located in Guatemala (Businesswire, Tuesday, May 27, 2014)
Double Crown Resources Announces Success on Multiple Projects; Deal for Guatemalan Barite, Positive Ruling on Legal Claim and Development of Improved Aggregate Material Transport System (Businesswire, Thursday May 15, 2014)
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