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The question then is how long until announcement?
It could have been timed for happening on the same day as R/S or a wait until the D disappears from the DMPDD symbol.
Quiver, I understand that there will be 51,766,786 shares outstanding, with 400,000,000 Authorized Shares, correct?
If so, IRIS was showing $41,000,000 in earnings. That equals .79/share. I believe the share price will rise considerably. IMO
garrox
Sorry AS 400,000,000
AS = 400,000
OS = 1,629,463 (3.25) w/ R/S
AFTER IRI$ = (96.75) 50,137,323
.0001 = .0188
.0002 = .0376
.0003 = .0564
.0004 = .0752
.0005 = .094
.0006 = .1128
.0007 = .1316
.0008 = .1504
.0009 = .1692
.001 = .188
Prior to approval of the reverse split we had a total of 306,399,011 issued and outstanding shares of common stock, par value $0.001. On the effective date of the reverse split, we will have a total of 1,629,463 issued and outstanding shares of common stock, par value $0.001. New stock certificates will be issued upon surrender of the shareholders’ old certificates.
7/17/2013
this is a great example of how NOT to orchestrate a merger. this ceo just turned his 60 million shares stake into $41,000...LOL
.1316 after R/S of 1:188 Effective 7/17/13 before split .0007. 8k/a explanation filed w/ SEC.
Not a problem. Merely a requirement for the agreement with IRIS.
188:1 Reverse Split for DMPD tomorrow;
http://www.otcbb.com/asp/dailylist_detail.asp?d=07/16/2013&mkt_ctg=ALL
Good luck.
Thank you. I haven't had much time to do any DD on this one.
Stoa had an LOI with IRIS prior to DMPD. There was much speculation as to which company would come out on top.
We here felt that the fact that the agreement between DMPD and IRIS came later was an indication that the stoa agreement fell through, which has been confirmed.
The pending reverse split of 188:1 is a requirement for the agreement with IRIS and must be completed prior to moving forward.
What does STOA have to do with DMPD?
Awesome, thank for linking that. Never had a doubt myself and will be adding if the ask drops lower.
4
great job Ali. look forward to some nice gains here.
doing your research and being in the companies for years really helps. I broke the STOA this year and then the crooks there sold there only revenue producers and tried screwing IRIS of course they were going to get out of it when STOA dumped millions and millions of shares. Made a huge profit on stoa when i broke it as a revenue producing company and then they sold the business to scam IRIS hmm bet that crap drops now and all those people told me I was a liar and a fool for saying to sell the stoa hmmm makes me wonder what they say today LMFAO research pays off and reading sec filings and doing the searches keeps you from losing in this business. I have not lost on a reverse split of small amounts in over two years and have gained up to 1000% in them on the stupid fear sales and people who run from the reverse split of this small .
[people who just follow the crowd like street trader blindly and do not do there research always sell on fear and then lose and we gain on research. Same on STOA when you follow someone to a company and it gains well then he says to sell honestly and you do not you deserve to lose.
Never have lied on the iHUB once in many years and many times get yelled at for it but those who listen do not lose on foolish moves and many hate me for it but hey they lose and I make the money lmfao.
this will do well ahead and buy the dips whenever you see a reverse that is below the 50 to 1 as if they really wanted to destroy the shareholders brinign in a good company they would make it 10000 to 1
Yup, just nice to finally see it confirmed.
yes sir we knew that already here on this board two weeks ago it was STOA crooks who were not telling them there.
STOA 8k out. They have recinded the LOI with IRIS. Guess what that means? weeeeeeeee
http://archive.fast-edgar.com/20130711/AabLmGnacD-fSm-2-3Y-9ydV-jRv-w-i/
DMPD has shareholders approval and is waiting for FINRA.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9365619
4
is that an SEC approval, shareholder approval or both? Sorry, just trying to understand the process.
DMPD is waiting for approval of the reverse split which I believe is a requirement for the agreement with IRIS.
what kind of filing is expected here? Are we waiting for an SEC approval at this point?
Nice move. I am sitting good for now but if the ask dips again I will scoop some more as well. DMPD
DMPD... Just gobbled up another 47,300 of those 50,000 shares traded today. Waiting on the R/S.
garrox
Zero volume everybody knows this is garbage!'n
The date of the reverse is still not posted with the sec but it can come at any time. I usually see around a month when they post to when it is done and the D is added to the symbol. Keep an eye on the bid as well as the SEC filings from here.
Dave
Thanks, aliangel. It does make more sense now. I have to admit, a first glance at the financials, left me wondering "why." I have been reading through the some of the posts during the night and continuing some DD. I understand what you are stating. Also, Quiver-full had mentioned the affects of the RS which will make it very attractive to investors and the proposed merger. What is the effective date for the RS?
DMPD possibility Quiver-Full Member Profile Quiver-Full Member Level
Thursday, June 27, 2013 6:59:00 PM
Re: None
Post # of 6095
Calculations after DMPD R/S of 1:188... DMPD will be renamed IRIS on the NYSE!
1.6 mil. / 3.25% : X / 96.75%
96.75 x 1.6mil / 3.25 = 47.6 mil
Therefore 50mil OS out of 400mil AS under the IRIS ticker symbol!
169.4 mil revenues as of March 2013
http://investing.businessweek.com/research/stocks/financials/financials.asp?ticker=ICB:MK&dataset=incomeStatement&period=A¤cy=US%20Dollar
I believe that would make EPS $3.38
With any decent multiples for PPS valuation DMPD could be trading on the Nasdaq very soon!
So release the news of reverse merger between DMPD and IRIS and right after the reverse split and you still get a huge return on investment! Quite a bargain at .0011 which is .21 after R/S ! smile
A lot of DD went into this thought process but:
All IMO of course
EXDAVE this is a shell company that is filing for a merger with IRIS company and they have no revenues on the 10q report. they are also doing a reverse split of 1/188 and IRIS is a huge company with revenues of close to 50 million dollars and listed overseas on an Asian exchange.
Take the time to read the information posted on the baord.
Just did a quick calculation and there will be only 662.2k in the float after the r/s. The potential is here for something big.
Quiver-Full, The same for you. I did get a fill early on Mon. before the price went up and am funding my Etrade account today for more. Presently on a long vacation in Singapore which is just South of Malaysia. In my working life did a lot of business in Malaysia and surrounding area. GLTY.
Quiver-Full, Thanks very much. Go DMPD
Everything seems to be fitting into place for reverse acquisition! With a reverse split of 1:188 just as imminent the placement of the actual consummation between DMPD and IRI$ makes a huge difference.
For now if you buy in make sure the share count you purchase is divisible by 188.
Quiver-Full, Any news or word on the Iris merger? Sounds very possible to me.
Can someone please explain the company financials?
the STOA tides are slowly shifting towards DMPD. This is most likely the only merger play with IRIS.
Would you mind providing an explanation and proof to your statements?
garrox
DMPD will probably go to 0.0001 and no bid!
Very nice... I like this valuation projection too!
Quiver, you may be right on the new price/ share. But I believe IRIS is using this merger as a bridge to the US markets and converting all the A/S (400,000,000) of DMPD to IRIS shares via a R/S of 188:1 = 2,127,660 new shares of the new company. Which will have earnings of 41,000,000 US dollars. This would relate to a current share price of about $19.27 with a P/E of 1.
garrox
DD-PPS Scenario before and after reverse acquisition with IRI$ corp. Berhad...
All calculations are done in US dollars
-Revenue $168,800,000
-Gross profit $38,900,000
-Shares issued and OS after R/S 1,629,463 (IMO this will make up the 3.25% that current BOD of DMPD retains after reverse acquisition)
-96.75 x 1,629,463 / 3.25 = 48,507,860 (This is total shares issued and OS after reverse acquisition)
-With the gross profit and the shares issued and OS after reverse acquisition than the approximate EPS = .8
-Assumption: price/earnings ratio conservative estimate 20
The PPS after R/S could be as high as $16!!!
So the timing of the reverse acquisition and the reverse split are really what determines the immediate future for stock price.
Given the calculations above, it is realistic to say that the PPS could be as high as .085 before a R/S of 1:188. This is only if investors knew that the IRI$ reverse acquisition was for sure!
Have a nice weekend and as always this is all IMO
DMPD has a very bright future ahead... Hold onto your shares and add more!!!
Risk to reward I think is high here when you compare this price here to many of the pink stocks at this price who end up selling billions of shares. This float will go way down and still not have much of an OS for them to work with. If they indeed move IRIS in then a profitable company like this can move way up just like the SANT did on its reverse split this year.
It is high risk but I am in for the returns in months not minutes lol
I do have one who do 400 and 500% in a week today but I also build some for long term moves as well.
look at the sant chart as well as the ogng long term chart.
Ali and Quiver, you make excellent points here and I agree.
The split is merely a requirement for the agreement which merges DMPD with a money generating machine in IRIS!
This is going to work out good for shareholders IMO.
4
Very true my friend... It's the perfect full reporting shell company!
ZERO revenue last "Q" + Huge RS 188:1 coming, Just posting a Fact!!!No BS Bashing here.
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