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What is wrong with the managment team.
Nothing. They did their job - simple two step process, put out a series of bogus press releases, then sell shares to investors (through convertible debt). Walk away with investors' money. Success!
A "deal" will not get done with the Translock. At least nothing that will benefit DDCC shareholders, the stock is worthless.
I was a big believer in Double Crown and their Translock product. However, they got a United States patent to Translock about 3 years ago but still no licensing deal(s). How can that be? Also management does not update its shareholders adequately since they became delisted. We have no idea whatsoever if the company is currently working on licensing offers or ever had any licensing offers for Translock. However, when DDCC stock was trading, the company always put out these grand press releases discussing events getting investors hopes up but which almost never materialized. Now that the company stock is delisted and not trading, the company is almost always silent. The more time that goes on the less likely a deal gets done. What is wrong with the managment team. Shaking my head. Very frustrating.
Oil is always going to be a major industry that needs support and transport services. But Double Crown has applications in agriculture too. Both major industries.
Have to agree with you Scout
Jerry will keep trying to bring this back
GD11
Management has moved on to their next caper. DDCC investors have lost it all.....time to move on.
oil prices are on the rise again. this may accelerate the plans for management here to move their plans forward.
The Translock container and mineral resources that Double Crown has available
This company is defunct, has no real products, just imaginary ones.
Oil drilling services and supplies will always be in demand. The Translock container and mineral resources that Double Crown has available can certainly find new business opportunities.
I will keep a hold here while we wait to see new developments on business opportunities in the company's future.
DDCC is dead. They will be selling just as much drilling material in the future as they have in the past.....none.
Plus, the WTI oil price is nearing $65 now, which should increase the need for oil drilling materials that DDCC has sold in the past!
That's why I continue to follow here.
(fka DDCC)
The energy markets are always in need of better efficiency which translates to the profit margin. The transport advancements that Double Crown has can be put to use at any time if the right deals are made. That's why I continue to follow here.
Perhaps this will help DDCC understand what has happened to their investment:
https://otcmarketresearch.com/the-sec-just-suspended-my-stock-now-what/
Wall Paper and Worthless Securities for 2019 write off on taxes?
Oh well, at least management used shareholder capital for high rise living in Houston, TX.
I am still here, magicman...
No problem waiting for something to happen
Busy with work and all sorts of other stuff
GD11
The company is so incompetent, they have an identity crisis.
No they don't. They have no clue about the "oil industry". What a joke. I was just at BofA HQ at 1 Bryant Park in NYC two weeks ago and sat in private dinning with the head of Investment Banking of Energy.
We don't even call it "Oil Industry".
Get a grip DDCC, and stop with lies and fraud.
This company is dead, defunct, gone. It has nothing to offer, and never did.
this company has a lot to offer the oil industry and other industries like agriculture too. i expect new developments to come at some point.
Who are "THEY"? LOL.
Do you think they still live in the skyscraper high rise that shareholders were paying for? I mean, they listed it in the annual report.
The slow but steadily rising oil prices should also soon increase petroleum production, and raise the need for more drilling materials!
You are right about that. They are reorganizing the company now so things will be changing but we will see new info when they are ready to bring it out.
The phone number on their site and on their Facebook page is no longer in service.
I agree with you, that's the most important thing for us. I will keep checking for updates periodically.
So successful, they forced shareholders to pay for high rise living. How nice of them spreading their "past success".
fka DDCC
fka = formerly known as
The bios of the management team here had a lot of past success. They should be able to put Double Crown back on track for everyone's sake, including their own since they all owned a great deal of shares themselves.
I keep watching
Thanks to management for posting the occasional update
GD11
These are men of integrity
LOL.....do men of integrity tell lies about Korean gold sales? Do they tell fibs about a "network of Central American mines"? Do they stop disclosing info to the SEC, and allow the company to be suspended? And screw over all their investors?
Integrity is not something they know anything about.
I agree! These are men of integrity, who are doing all they can now to both get the business going again, and restore the stock trading.
the company still says they intend to restore the stock to trading status. that's all we need to know for now. i still have my shares and i am not going anywhere. thanks for your latest update post.
I still think with the hundreds of millions of shares that DDCC management owned at the time of the delisting it would appear to me that DDCC lost quite a bit of money from the stock being delisted.
DDCC itself didn't lose any money by the insiders not having enough time to dump everything. And it is correct to assume the insiders didn't have time to dump everything they had. There is the one yr holding period. That's why my previous post was framed in discussing stock handed out to the insiders prior to Jun 2016, or 1 yr before the delisting. What they awarded themselves afterwards they are stuck with. How much did they award themselves in stock compensation? Answer: We don't know, because they went delinquent in their filings. For the last 1.5 yrs prior to delisting they were the equivalent of a Pinky - no accountability to the market. The stoopid award goes to the SEC for not coming down on em sooner.
Thank you for the reply and your opinion. However, i do not think you have proven that DDCC management made money from selling their shares of DDCC. I still think with the hundreds of millions of shares that DDCC management owned at the time of the delisting it would appear to me that DDCC lost quite a bit of money from the stock being delisted. Thus, in my opinion, it is not only in the best interest of the shareholders for DDCC DDCC stock to come back to trading but I also believe that DDCC also really wants to get the stock back to trading as well to recoup their sizable losses.
How did DDCC take the money and run??
First you have to sync with the delinquency. The last 10K issued in 2015 covered 2014.
Claimed in the 10K was that the O/S was 496M in 2014, and 438M in 2013. So one has 58M shares ready to be dumped at the end of 2014.
In the middle of 2015 comes a 10Q claiming 496M in Dec 2014, and 487M in Mar 2015. Another 10Q in Aug claiming the same numbers. Then there is the last 10Q claiming 496M in Dec 2014, and 507M in Sep 2015. Curious isn't it, how the O/S was claimed to have gone down, but the last 10Q was citing the number 496M before it went down. None the less let's add another 11M shares for the insiders. From 2014-Sep 2015, the insiders had 66M shares ready to dump. So how many shares were in the O/S at the end of Oct 2015? How many between Jan-May 2016 (i.e. 1 yr holding period before it was delisted)? Answer: We don't know. It could have doubled, and unless someone contacted a non-muted TA, SHs wouldn't have known the difference.
Now review the number of PR pumps put out in 2016, and early 2017. Scammers don't take the time to issue PR pumps just for the fun of it. They do it, so as to support the PPS while dumping shares. Who buys the shares being dumped? That's right... retail excited by the PR pumps. The scammers didn't just sit there accumulating shares, PR pumping away for nothing.
Looks like everyone lost with this stock
That's an interesting concept.
I can't imagine too many people made money with DDCC. Looks like everyone lost with this stock including managment. Management owns hundreds of millions of shares of DDCC stock which is now worthless at least for the time being.
So, if management lost and investors lost - who made money with DDCC?
The Korean gold buyers? The Central American gold miners?
How did DDCC take the money and run?? DDCC management and board of directors owned a lot of DDCC shares which are now delisted. It didnt appear that There was much selling going with DDCC stock in 2016 until it was delisted in June 2017. Volume rarely was above 150,000 shares per day as i remember it in that time period. In other words, not only did shareholders lose money but so did DDCC management and board of directors it would appear.
I strongly believe that DDCC will find a way to come back to trading.
They were revoked because they did not file a 10K for 2 yrs. But now after being delisted, they will suddenly become eager to file 4 yrs worth of 10Ks???
Instead of curing the delinquency, they tried to deregister the stock into Pinky status, where Pinkies don't have to file. The SEC delisted it 13 days later.
Lets be clear-or more clear
I strongly believe that DDCC will find a way to come back to trading. I don't know exactly when but i think they will find a way to come back. Translock is a game changing invention in the shiping and mining industry and DDCC still has a lot of years left on its patent term for Translock remaining. Too great of an invention to just let it go. They will find a way. These are just my opinions. Do your own due diligence and research.
Curious if they found the gold or if it is at the bottom of the ocean...
https://www.news.com.au/national/south-australia/abandoned-sailing-boat-wild-eyes-turns-up-near-kangaroo-island-eight-years-after-capsizing/news-story/a92494bd96d1f488b32365c453d8b445
Just thought it would bring some comic relief in this mess.
If they ever attempt to file a 211 with FINRA, the first question is, "has the issuer ever been suspended or revoked"?
Second question will be "where is the gold"?
This company will never trade again.
and still planning to return the stock to trading status when they can do that.
Unicorns, leprechauns, Bigfoot, and DDCC returning to trading.
Thanks for the recent message from company management, Stephimac. Glad to see that they are still keeping the Double Crown Facebook site updated and still planning to return the stock to trading status when they can do that.
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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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