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Show me proof.
SOME DD
So this is a start up company that is risking itself to find oil and natural gas wells? Info will be shared from the latest report.
Liquidity and Capital Resources
As of May 31, 2011, we had cash of $3,322 and a working capital deficit of $363,263. Our accumulated deficit from inception to May 31, 2011 was $3,891,899. Our net loss of $77,822 for the six months ended May 31, 2011 was mostly funded by funds raised from equity financing since inception. However, for the six months ended May 31, 2011, we did not raise any funds through the sale of our equities nor did we raise any funds through equity financing during the same period in 2010. However, we did receive $59,825 in loans. During the six months ended May 31, 2011 our cash position decreased by $7,917.
Business plan?
We intend to build our business through the acquisition of producing and exploration stage oil and natural gas wells, interests and leases. Our strategy is to combine the secure and reliable revenue source of operated and non-operated interests from producing oil wells with the higher risk development of oil and gas exploration projects. For the next 12 months (beginning August 2011), we plan to purchase additional operated and non-operated interests in producing oil and natural gas properties, to acquire additional exploration stage properties and carry out an exploration program on the acquired properties. We are not involved in any bankruptcy, receivership or similar proceedings.
"We expect to require approximately $1,000,000 in financing to continue our planned operation and exploration over the next year plus another $1,000,000 to cover our other operational expenses."
How will they use that money?
Retain a full-time engineer and a full-time geologist, conduct preliminary evaluation of potential exploration stage oil and gas properties for acquisition, and Select and appoint a new Board member.
Guess what...the plan is to appoint a new Board member WITHIN 6 days from today!
A director of this company apparently owns a company that is working with MASS--he has financed this company $37,000.
Anything negative ?
"We generated revenues of $1,874 for the six months ended May 31, 2011 compared to $1,945 for the six months ended May 31, 2010."
"Our total expenses for the six months ended May 31, 2011 were $79,696 compared to $118,799, for the same period in 2010. The decrease in our expenses during 2011 was attributable to a decrease in our general and administrative expenses. Our general and administrative expenses decreased by $40,074 from $116,964 for the six months ended May 31, 2010 compared to $76,890 for the six months ended May 31, 2011. Our general and administrative expenses consist of professional fees, management and consulting fees, stock based compensation, bank charges, travel, meals and entertainment, rent, office maintenance, communications (cellular, internet, fax and telephone), courier, postage costs and office supplies."
Does this mean the managerial team is not performing well? Are they misusing the money being financed? Hmm...
This company has been skyrocketing since July 19, 2011.
Why the substantial increase in price recently?
-maybe they received a lot of financing?
-did we strike riches from interests in other wells?
-maybe this is an obvious scam?...or a longer term investment?
Apparently, this company owes a lot of money and its barely even investing that money into oil and gas properties.
What an attractive share structure though, huh?
After all, this is a start up company and it sort of seems like the managerial team is waking up from their vacations to only realize that they won't have any money if this company under performs.
Should we give them a second chance?...are they using paid promotions?...
New DD inside
...unless somebody already posted these links:
http://www.insider-monitor.com/trading/cik1431934.html
http://www.prnewswire.com/news-releases/dynamic-applications-additional-new-activity-62020097.html
http://www.prnewswire.com/news-releases/dynamic-applications-continues-development-of-carbon-credit-generating-projects-in-asia-90384584.html
That's what I'm thinking...
Looking forward to those answers. The site is still the same from what I see.
Chris should ask if Bill said those things for sure. But more importantly, Chris is gonna have to put all the questions he received in descending order (from most important to least important).
1-425-445-1497 Detto Technolog Bill Glynn
1-801-921-4052 WhiteCanyon Paul Katzoff, or Nathan Jones (shared by C.C.)
Official company number as listed on Detto.com:
801.224.8900
Questions:
Is WhiteCanyon basically the "parent company" of Detto?
Although Detto acquired WhiteCanyon, does WhiteCanyon still remain private?
Is there any expressed interest from WhiteCanyon to go public?
Would you suggest that WhiteCanyon's products can meet corporation needs?
Do you own stock in Detto or know co-workers or company affiliates that do?
Is WhiteCanyon expanding its operations by employing new people?
Is Bill Glynn currently the CEO of the company?
Who else holds managerial positions in the company?
Do you know where the company is located or has any plans of expanding into other territories?
Is a press release expected to be released this week?
Does the company believe a pump and dump scheme is being issued?
The company told me WhiteCanyon is going public. Period. That was probably confidential info but I somehow obtained it. Then, Common claims the complete opposite. I'm buying more shares especially since a PR is coming out. From what I heard with my own ears, this is a good investment. But don't listen to me if you don't believe that the company told me that. Do your own DD then.
I'm not impatient. After all, this is business.
Looking for more info on the acquiring company...
I don't mess with charts too much, mainly hard facts. But from what I understand, that's not a bad thing. We'll put it that way.
DNAD is shaping up to be a giant in its industry. I mean, this isn't MRNJ, a shitty company lol...
I'm patient for this one. Everyday I scan for stocks in these markets (I've seen almost every penny stock out there lol) and this one is a gem IMO.
It's far from being overbought so the price can continue to rise safely without the concern of sell orders accumulating.
Best chart I've seen thus far
I forgot his name like I said. I wasn't expecting to share it with the board but I did it anyways. And I do believe that you called, but I'm not buying into any of this BS because I heard something totally different. Sorry I didn't take pics of my phone or record my convo like you did. But what I said is what I heard. Nothing more, nothing less.
Owned by the same guy who owns Network Solutions and many other many private companies. It's just another shell play that'll go down in history.
You said that Bill didn't know this was trading around $.13 the other day. You say he's the CEO, right? What kinda CEO has no idea of what's going on with his public company's stock especially if he had the whole weekend to take a peek at it? I'm not buying into any of this. We'll see what kind of info we can get tomorrow.
Gonna be up at 6 in the mornin PST to gear up for DTTO.
I wanna see your notes.
Hey bud, I don't mean to burst your bubble but it's "common cents" that a public company can own a private entity in order to do a reverse merger.
Apparently, the company itself is the only entity that knows EXACTLY what is going on at the moment. Nobody other than the company is entitled to that information. I have emailed both companies in regards to what you have claimed on the board today (like how the company was forced to file a FORM 15 and how they claim that it's going to negatively affect its ongoing operations even though I think their business are booming more than ever).
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65547343
You also said that WhiteCanyon is a PUBLIC company when in fact it is not (it is owned by a public company). Detto may be a retailer of WhiteCanyon's products (http://www.thenerds.net/DETTO.Detto_WipeDrive_PRO.CS000WD40001NE01.html) but that does not mean WhiteCanyon is public.
Everything that went on today totally conflicts with what WhiteCanyon told me on the phone the other day. We'll see what answers I receive via email.
You also said to expect a PR soon. If the company is very serious about fixing this problem, they'll issue a PR ASAP (this week for sure). http://investorshub.advfn.com/boards/read_msg.aspx?message_id=65539605
Yeah what a call!
Yeah and that guy I talked to was the GM, he has a higher ranking position than Bill Glenn. He pays Bill Glenn! Glenn works for him! Lol.
I totally agree...
No because I honestly forgot his name and I'm not gonna make up a BS name. But he was the GM for SURE and it took me an hour to get connected to him.
I'm long and strong too. Not selling a single share until news hits.
I know you're talking about me. Call (801) 224-8900 to see if what I said was a lie because I'll tell ya right now, I'm NOT the type of person who likes for others to suffer. A lot of us here have families to feed. Do your DD and call the number bro. You'll be happy you did it.
Lol wow...apparently many people have been misinformed today. This R/M is still in the works. Call (801) 224-8900 and find out for yourself. I just know that I'm conjuring up all these cheap shares tomorrow. I did my DD and I recommend that each and every one of you do their own DD since there's misleading information on the board. You're responsible for your investment decisions so after you've done your DD and feel confident that this is a good buy, don't let a basher get in the way of your profits.
LMAO for real.
Will do. Thanks for sharing!
DTTO. Check out the latest updates on DTTO from today. I think it'll go $.50+ a pop.
DTTO MAJOR RM UPDATE ANNOUNCED!!! DTTO will have MILLIONS in revenue. Will go above and beyond the projected $.50 a pop.
DTTO major news announced regarding R/M!
Everybody on this board, check out DTTO literally right now. Hurry.
Ready to blow! These are cheapies...imagine what'll happen when news hits!!
How are you not gonna post a hot chicks pic? You better edit this message now boy!
Strong like bull!
MAJOR NEWS INSIDE!!!
Spoke with WhiteCanyon's management about 2 days ago (took me well over an hour to get in contact with management).
When they finally answered, the GM wanted to give me his email so he could get off the phone and go back to what he was doing (he seemed very busy).
I said no...I need answers now.
So I asked several questions that led me to ask whether or not Canyon intends to go public...he paused for a few seconds and said, "yes, we are going public soon" (it seemed as if he did not want me know this info by the sound of his voice).
He, then, started to talk about Detto and how that is their public "vehicle" for WhiteCanyon. However, other private companies owned by Detto will not be going public with WhiteCanyon. Last thing he mentioned was that we will see news in the near future. I didn't want to take up much of his time so I thanked him for sharing his knowledge with me and hung up.
I did not get any updates on the share structure to be honest, but with 20m outstanding, we're pretty much safe.
That's all I have to say. Here's a toast to DTTO!
Haha you're funny. Post DNAD on the pretty girl picks board. Sex sells ;)
There's gonna be another dip I bet. I'm gonna do my last serious loadin up when that comes around.