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God, I hope this picture was taken at the DMTN facilities.
If you really feel this is nothing more than a scam, get out, find a different investment and different investment board. I don't need, and the other longs (for better or worse) don't need your self proclaimed voice of reason and direction. We're all big boys here. I didn't invest in DMTN based on your advise and I'll decide to what extent and how long I stay in...again, without your advise.
Enough with the scam vitriol already.
No News Is Good News. While I could not possibly know, I would suggest that no news is good news. If the deal was dead and gone, DMTN would be obligated to say so and move on. In fact, it would be to everyone's benefit that they disclose if the deal was dead so they could explore other ways to move forward. If the deal is not dead, they would be under a gag order not to discuss it until such time that an agreement in principle was on the table.
POST FROM YAHOO FINANCE DMTN MESSAGE BOARD
According to my recent contact with Dino Jr. (aka, about 10 minutes ago) They are still waiting on documents back from Lesko, which they anticipate they will recieve in the very near future, and will then move ahead with the buyout process at that time with a shareholder's meeting, etc.
Also, he said financials for last year will be released on or before March 31st.
Lastly, he invited me to contact him any time, and is glad to help all who contact him. 1905 672-7669
It ran up to 17 cents on speculation. No one forced investors, myself included, to move into this stock. We did it of our own volition. We have no one to blame but ourselves if we took undocumented PR announcements for real. It is our obligation to determine the validity of the offer described the way it was described. Was the company approached by LesKo? I'm sure it was. Was a valuation discussed? I'm sure it was. Is it a bona fide offer? Don't have a clue. If they are in fact negotiating, are they allowed to disclose information regarding such negotiations unless or until an agreement is in place? No way. If one invested in this company on buyout hopes, shame on you. That is also known as gambling. If you invested in the company because you liked its business and long term prospects as an industry, that's OK with me.
Cash flow and earnings are not dependent, will never be dependent, upon independent sale of stock. Negative cash flow as you have described is episodic. Many companies go negative, especially if reinvesting earnings back into the company. In the case of DMTN it seems they have invested in overseas expansion and a sales landscape. Companies like this must invest in an infrastructure previous to growing its business. Next, the principals are the largest shareholders. They gain the most from a sale, and suffer the most from it going south. In any case, they didn't build a business to watch it go down the toilet. Because its a small company the shareholder's future success(by their own hand)is directly tied to the principals ability to succeed. In short, the shareholders do not fail alone.
Buyout or no buyout, what evidence do you have that the company is on life support and does not have the cash flow to maintain current activities. They are still selling to the automotive industry, they have orders, and, are expanding its efforts overseas. Just because they are small doesn't prevent them from having a sales niche. It's customized applications that do not necessarily require a huge critical mass to deliver its services. Most companies acquire other companies because they want/need their product or service or see the target's business as complimentary to their own core business and seek to mitigate the cost of entry through acquisition. Maybe that's the case here, maybe its not.
Buyout aside, how do you make such a determination?
Not looking to be saved. My investment, my risk and hopefully my reward. Still believe in customized robotic technology. Still believe in long term growth potential of this type of engineering in the automotive, medical and logistics industries. Hope DMTN is part of that potential with or without a buyout.
Good response. Funny. But not for nothing, no one has any control over what's going on so all anyone can do is wait and see. All the bitching in the world is not going to move or motivate this thing foward until it is ready to move...or not.
SPANISH PROVERB
Have patience and the mulberry leaf will become satin.
FROM Yahoo Finance DMTN Message Board
Ok, I've been researching the Internet for ANYTHING related to this "buyout" (and anything that could identify Lesko Investments). What follows is what little I've been able to find..
take with with a grain of salt for what its worth. Links are included for verification. I'm not saying this stuff is true, or false. Just passing it on for your evaluation. Anyone
that can find more info, please post with links.. maybe we can all help each other find the true story here.
"Does Mr. Sandy Winick see D MECATRONICS INC. ( Delaware, USA - Pink Sheets symbol: DMTN ) claims on-the-table of a supposed $60,000,000 million buy-out - via it's investment group
LESKO ( not in Moscow, Russia as stockholders were led to believe ) - only a deal to sell-off D MECATRONICS INC. 'capital equipment' ( high-tech automobile parts machines ) to the KAMAZ
INC. small car plant named JSC in Naberezhnye Chelny, REPUBLIC OF TARTARSTAN because it's $5,000 mini-car named OKA is coming to Nevada, USA?"
http://www.offshorebusiness.com/message_...
So assuming this post contains the real story, I found more info on Kamaz, JSC...
KAMAZ is originaly a Truck manufacturer, maybe that's where they made their money to afford this $60M deal:
http://www.kamaz.net/en
The following link is proof that KAMAZ and OKA are connected:
http://www.kamaz.net/en/news/2004/03/10/
Here is the OKA Car:
(Looks like an ugly Yugo IMO.. but here it is anyway..)
http://www.okaauto.com/
I can't find a Russian Investment company named Lesko, but did find one in New York. Gut feeling says its not the same company, but here is the link in case someone knows more (being
in NY does sync up with the comments above about Lesko not being Russian):
http://www.leskofinancial.com/
What strike me odd is, why would OKA need Capital Equipment (or buyout) from DMTN if the car is already available in Nevada? My only guess is that they are going redesign and create a
new hybrid version of this car.
Anyway take from this what you want. Just wanted to pass it on. This is not meant to influcence your trading, just passing on what I found.
Good luck all.
As with any other transaction that happens, whether it be buying a house, buying a company, closing a sale of any kind, it never happens fast, never happens on schedule. In this case, the two companies have different timetables and different terms of engagement in their negotiations. If and when this buyout happens at all will be dependent on how fast or slow LesKo wants to move and this is assuming DMTN's due diligence showed it as qualified buyer on a financial basis.
All the wishing in the world is not going to move this process forward any faster. Don't expect the Dino's to comment one way or the other. Ain't happening until they actually have something to say. Right now they don't.
Have no idea. The equipment, per management, is all custom designed to meet the specific requirements of a particular customer. A buyout of the company would have to include, I believe, its intellectual capital, its designers and engineers, as well as, sales force to the automotive industry. Why else would anyone take it?
Great Post On Yahoo Finance. Not Mine but a good one:
■ This Might Be For Real Folks! ■ 55 minutes ago Ok, I've been researching the Internet for ANYTHING related to this "buyout" (and anything that could identify Lesko Investments). What follows is what little I've been able to find..
take with with a grain of salt for what its worth. Links are included for verification. I'm not saying this stuff is true, or false. Just passing it on for your evaluation. Anyone
that can find more info, please post with links.. maybe we can all help each other find the true story here.
"Does Mr. Sandy Winick see D MECATRONICS INC. ( Delaware, USA - Pink Sheets symbol: DMTN ) claims on-the-table of a supposed $60,000,000 million buy-out - via it's investment group
LESKO ( not in Moscow, Russia as stockholders were led to believe ) - only a deal to sell-off D MECATRONICS INC. 'capital equipment' ( high-tech automobile parts machines ) to the KAMAZ
INC. small car plant named JSC in Naberezhnye Chelny, REPUBLIC OF TARTARSTAN because it's $5,000 mini-car named OKA is coming to Nevada, USA?"
http://www.offshorebusiness.com/message_...
So assuming this post contains the real story, I found more info on Kamaz, JSC...
KAMAZ is originaly a Truck manufacturer, maybe that's where they made their money to afford this $60M deal:
http://www.kamaz.net/en
The following link is proof that KAMAZ and OKA are connected:
http://www.kamaz.net/en/news/2004/03/10/
Here is the OKA Car:
(Looks like an ugly Yugo IMO.. but here it is anyway..)
http://www.okaauto.com/
I can't find a Russian Investment company named Lesko, but did find one in New York. Gut feeling says its not the same company, but here is the link in case someone knows more (being
in NY does sync up with the comments above about Lesko not being Russian):
http://www.leskofinancial.com/
What strike me odd is, why would OKA need Capital Equipment (or buyout) from DMTN if the car is already available in Nevada? My only guess is that they are going redesign and create a
new hybrid version of this car.
Anyway take from this what you want. Just wanted to pass it on. This is not meant to influcence your trading, just passing on what I found.
Good luck all.
adat2pod@yahoo.com
Disclosure: I do own shares in DMTN (that's why I bothered to research)
Sentiment : Strong Buy
Pathetic level of volume here. Would have expected a few gamblers to jump in previous to the end of month. Guess everyone is cautiously taking a wait and see position. As no advance information has been posted by DMTN management, I would doubt we will see anything happening for some time.
LesKo clients??? If I'm not mistaken, the proxy materials indicated that LesKo was negotiating (and/or working in concert) on behalf of its clients. Who exactly are these clients? Is LesKo involved with any other automotive supply/technology suppliers. Obviously auto manufacturing is being ramped up in Russia (as well as other countries such as Korea and China). I'm disturbed that such little information about LesKo has been released. I would hope LesKo itself would want to provide its credentials to legitimize its offer. Certainly, DMTN would want to show that LesKo is a genuine player here.
Hope everyone had a happy & healthy new year. Why are we all going nuts over what might or might not happen here. Until and unless an agreement is signed sealed and delivered, its just conversation. So let's all not drive ourselves crazy and just wait and see what happens.
Burb,
Nice beer mug. Why do think trading will be halted. Nothing difinitive has been determined, its business as usual. No reason to halt trading. Also, the Dino stock is probably restricted where they can't realize a monetization of their holdings unless the company is acquired or the stock goes way up and they are allowed to sell shares after a defined period of time. I never saw any information with regard to their owning shares thru options, so I'm not sure an options program exists that would allow Dino to profit.
I for one purchased shares before a take over Press Release was ever issued. I bought in because the company's operations were intriguing. Build stuff that helps others build other stuff. Also, I liked that DMTN was developing technology to deliver efficiency to the auto industry in core things required to build a car. These applications were common to all manufacturers so not dependent on any one customer. Also, liked that auto and vehicular manufacturing was expanding to Eastern Europe and Asia to fill the gap of diminshed sales of domestic manufacturers and that DMTN was expanding its presence in these areas. All good reasons I believe. Its not like I own shares in a worthless company. I don't, not even close. Granted, the share price is just pennies, but that's OK. I don't beleive anyone in their right mind invested there house, kids and future in this stock. It's a flyer with the hope of capital appreciation. With that said, I'm glad to hear there is interest in the company by outside investment. I just would like a clearer understanding of how they come up with a value and who exactly the investors are. All in all, I'm happy to wait and see what happens here.
So were there any questions regarding LesKo? Who they were, who they represent, why they want to purchase the company, why they view DMNT as value proposition to their portfolio? Anything of substance? Would love to hear.
This tells me the process now first starts. Due diligence on LesKo and the client it represents for the acquisition. Does the .49 hold up, can the buyer actually pay for it, how does DMTN fit into the buyer's portfolio and what value does it represent? Management buyouts and/or contracts (golden parachutes), terms, etc. This ain't happening by Jan. 31. No way, no how.
It's 8:51AM EST. No press release that should have been forthcoming before the market opens. Disappointing not to see anything from DMTN. Acquistions fall apart all the time and come back again. Is what it is. What pisses me off is the lack of communication to shareholders. That should be an obligation by management. If it happens, good. If it doesn't, that's business. Just keep us informed in a genuine fashion.
When and if LesKo's bona fides are examined, as well as, those of the client they are representing, this entire episode is nothing for nothing.
On September 17, 2007, the Company's Vice President and Director received a written preliminary proposal from Investment Group "LesKo," a Russian investment company representing the interests of an undisclosed client (hereafter "LesKo") expressing interest in the Company's "potential interest in selling the assets which also include experience, all the patents, technologies and equipment" of the Company.
This board cannot by the only ones asking these questions and making these observations. Someone with inside access has had to have posed these concerns/discrepancies to management.
Well it's Noon and they should have figured it out by now. No activity and low, out of the money share price. Not too promising, but no news is, in this case, good news.
I emailed Dino 3 times in the last week asking for disclosure on LesKo. Who they are, why they are making a bid (what synergies are expected to be created with DMTN's inclusion into their portfolio), and what due diligence was employed to determine their actual ability to purchase the company (financial overview). No response. No response. No response.
My hope for today's meeting is that it is covered by the financial press and that questions regarding forward looking published releases about acquistion approvals versus discrepencies in how the deal is being viewed ("potential" buy-out of all or some of the shares) in the proxy materials is asked. This is all public record. I don't know how DMTN managment will spin answers on this. We are selling. We are maybe selling. They are buying all outstanding shares. They are maybe thinking about buying all or some of the shares.
Maybe they should just list the place on ebay and have a real auction. Hope all of this works out for all of us in a positive way. Good Luck gang.
Proxy Rules.
My understanding, if I read the materials correctly, is that this is actually a pre-proxy; a straw poll to determine shareholder interest. As such it may not be subject to the Delaware corporate governace you noted. The actual proxy to vote on the sale is slated for a later date and would certainly be subject to the guidelines set forth.
LesKo's trading activity???
Price does not make sense. We all know that. I would think at this level, LesKo would be buying every share possible in the open market to mitigate its .49 cent buyout bid. They would be nuts not to. Based on the daily volume it appears this is not the case. I for one would like to know how much stock LesKo actually owns at this point in time. It would indicate to me how solid (or not) this agreement in principle is. Again, I am concerned with the lack of disclosure available to shareholders on the Lesko side.
New to board. Shareholder in DMTN. Believe this is a real company with a growing business proposition. Activities are confirmed in automotive press with new contracts and ongoing business. Totally makes sense that this is an acquistion target. My issue is the buyer. Who exactly is LesKo? Can't get any information on this investment group on the internet. I have written Dino on 3 occassions asking for disclosure on LesKo and to find out what kind of due diligence was conducted on DMTN's part to confirm Lesko's ability to make such a purchase.
No response. I purchased this stock for its growth potential and basically like companies that build things that help others build things. Always thought a larger technology or capital equipment company would find DMTN an attractive target. Was suprised a Russian investment group would step up. How does DMTN add value to LesKo? Wish DMTN would comment on this. LesKo has not to my knowledge posted any press releases for their reasons for the offer. Comments.