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We almost flipped gears here. A few weeks ago it was the "end of summer run" now we are approaching the "after Labor day run". Soon we will approach the Thanksgiving and Christmas runs. Everyone load up.
Invest here for the $0 in revenues.
Simply put is you can't R/S without being current. It needs to get approved. "Cancelled" is another word for denied in this case.
I shouldn't have mortgaged my house here when there was $4 worth of .0002 slaps. Boy do I feel silly now.
More traded in commissions.
Buy Volume 10,000
Sell Volume 51,151,399
tee hee hee lots of cross trades. Don't get stuck in the DCAC tar pit
Only question here is can the players drum up enough interest so another billion can be moved? Then it's a game of musical chairs of who is stuck standing.
"Retire"? There hasn't been an ounce of substantial work in this company for years. If you want to call organize pump groups as work then I guess I will give him that.
Did Viola reveal how much rent he just paid himself in that last dump or he didn't want to give too much away?
Ha glad you caught that too. Everyone always speaks to these people.
Please outline the history for us. I'll sticky it.
Yes get pumped up for the next nt-10 report
People will be clamoring to get 40M in volume come next week. Congratz to those who ate the commission and got out.
Who are they merging with? Why would anyone merge with a non revenue generating entity?
Think your read is wrong
It's all spelled out for you in the limited filings. This ticker is here so Viola can pay himself a salary for producing nothing and charging the company thousands a month in rent. This ticket floats his rent and some wages. Congrats on your investments.
You say holding like there is another option at this point.
Musical chairs. Who is standing when the music stops?
And just like that everyone got out last week and created a whole new era of bag holders.
Just a guess....They released the info to drum up interest to sell more shares.
So we are going with the theory that he put out filings to approve R/S, amended it up 5x, and then just didn't file it? I guess it could be possible to fast forward a year and use the cancellation as the next pump. It has been proven that people aren't the brightest here in penny land.
NEW YORK, NY--(Marketwired - Feb 18, 2016) - Daniels Corporate Advisory Company, Inc. (OTC PINK: DCAC) ("the Company") is pleased to announce its inaugural convertible preferred stock dividend for the shareholders of record as of April 15, 2016. "One of the critical ingredients to being successful when building equity is to be able to quickly adjust where needed to take advantage of market conditions and opportunities," said Arthur D. Viola, CEO of the Company. "This is why we're issuing the Convertible Securities -- we're seeing a need and moving swiftly to fill it. Stockholders will receive one (1) Restricted Preferred share of Daniels Corporate Advisory Co. Inc. for every 100,000 shares held as of Record Date April 15, 2016. The Company will also issue fractional shares to our investors as we realize that some may have purchased less than 100,000 shares during this period." The pay date for this dividend is May 15, 2016.
"This announcement and impending issuance will help those that have seen the dilution in the open market affect their cost average," said Viola. "Issuing Anti-Dilutive Convertible Preferred Securities to stockholders as dividends also ensures that they will not be impacted by third-party debt conversions. The conversions of the securities the shareholders of record will receive are technically set at a price at which the company could never trade or be quoted at, which is .00001 par value, so these securities are not price sensitive, and they are also anti-dilutive."
He further added, "We have decided to award all of our loyal shareholders with this additional stock because they have stuck with us through our transitional phases. Many of our shareholders have held this stock for several years. Now, along with newer shareholders, they will become beneficiaries of our anticipated growth."
"The management would like to personally thank all of the shareholders of record of Daniels Corporate Advisory Company, Inc. for all of your support over the last few years. We are excited about the directions that we are headed and will continue to press on until we reach our goals and objectives," said Viola.
Declaration Date: 02/18/2016
Record Date: 04/15/2016
Payment Date: 05/15/2016
Where's the stock dividend? Is that the next bullet he is going to fire?
May 27th Approved 500-1 R/S
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11416748
A week or so later he figured he would just go for it and bumped up 500-1 to 2,500-1.
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11432234
As of August 31, 2016, we had $2 in cash and cash equivalents and a working capital deficit.
Revenues
The Company did not have sales for the nine months ending August 31, 2016 or 2015.
Operating Expenses
During the nine months ended August 31, 2016, we incurred $288,467 in expenses, compared to $1,068,977 in the same period ended August 31, 2015 a decrease of $780,510. Our major cost is wages which was remained constant $50,000 in the current quarter. This period saw an increase in consulting expenses as we continue to develop our logistics business internally.
Millions of dollars in expenses for 0 revenues sounds pretty legit.
And my favorite......
During the nine months ended August 31, 2016 the company issued 2,445,303,623 shares of unregistered common stock to for various convertible loan conversions to qualified investors.
Sell dem shares. Good luck on this "gapping to .80" -_-
R/S was "cancelled" aka denied by FINRA. I wonder why they didn't 8k the "cancellation" of the stock dividend. Maybe that's the next pump?
In 2010, FINRA enacted Rule 6490, which codified the notice requirements of SEC Rule 10b-17. FINRA states that issuers must complete the required forms and pay the required fees to avoid late penalties and delayed processing of documents. FINRA is further entitled to request other documentation to verify information on the submitted forms. Rule 6490 authorizes FINRA to not process a request if it determines that the request is deficient, and not processing the request is necessary to protect investors and maintain orderly markets. FINRA may decline to process documentation if it has actual knowledge that persons related to the corporate action to be taken may be involved in securities fraud.
It's probably going to be real difficult to get 1s..... oh wait no it's not because it's back at 1 with millions on the ask.
Go back and see how many shares got sold on the last pump. Everyone dumped out.
Does it matter who is CEO? This company has shown 0 ability to generate revenues and/or obtain clients. It is basically a share selling and pump scheme now. This will be a never ending cycle of "getting current" and "appointing new leadership" to drum up interest. Name of the game is get in at 1 and instantly out at 2.
Geez ppl fell for this? They are announcing that they are "cancelling" the R/S but it was known a while ago that the the R/S wasn't going to get approved. He tried to offer share dividends and R/S. A sucker is born everyday I guess.
Plenty of reason for the drop. Do your research
Ha you posted a link to your own twitter trying to pump this? Not even going to mention that this has nothing to do with PTTN. I'll keep it here for comedic value.
"Patience"
Not sure why anyone would put money into this. The filings have consistency shown (when filed) that this operations generates 0 revenue. Not sure why they allow these shells to even operate.
He tried to R/S it got denied.
Anyone get their stock dividends from a year ago?
Well this drop back down was totally unexpected
Most likely not. WEST isn't a functioning operation anymore. Give them a call and try to get some answers (or get someone to answer).
Need to add a few more zeros in front of that to sell them.
They aren't selling bc they are underwater. Everyone in lower sold on the pump.
You tell me.
WEST’s SI was 21,200 shares in June as released by FINRA. Its up 69.6% from 12,500 shares previously.
going to squeeze $7