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Whoa, everyone! Can someone confirm this with the company? If so, I'll buy it.
However, having previously worked as an external auditor for several years, I find it hard to believe that someone called up the accounting firm and the firm responded, "Oh yeah, we know those DC Brands guys. They won't give us any information!"
There is no way in heck anyone in my group would have given some unknown entity (that includes shareholders) any information about one of our clients. It would be completely out of line to do something like that. Try calling an accounting firm and ask how the audit for ABC Company (insert company name you're invested in here) is going and let us know what they tell you.
I'm not aware of any firm that would discuss confidential audit client information with unknown individuals over the phone (not if they want to keep their clients and stay in business). Very difficult to believe that one. No offense to whoever posted it, but it is highly unlikely.
Keep in mind that they are attempting to audit FOUR years worth of information (2004 through 2007). Also, in the past year, we acquired Hard Nutrition (very good stuff, by the way-for anyone that uses supplements) and added a foreign subsidiary, which involves a lot of work. DCBR's audit is no small undertaking IMO.
Just some food for thought. It seems that some just want to believe the accounting firm story, and that's fine. But if you're so certain, why not contact the company to confirm or even complain for that matter?
GLTA
I have been a faithful long (albeit frustrated as heck and prone to venting) here for a while and I couldn't agree with you more at this point in the game.
The lack of transparency here is UNBELIEVABLE, even by pink sheet standards. I must agree that it doesn't indicate prudence or caution at all. You said it best, it's secrecy. And for what? We don't know. In fact, I don't think anyone has a clue (some may think they do) except the key players.
Either way, I'm sticking around to see what happens.
GLTA
Unfortunately, people can think what they want. It appears that nobody knows what the heck is going on here.
It's really unbelievable. Actually, it's a cruel joke. What, are we going on three months without a PR? Unreal.
GBDX is just something in my portfolio that I glance at from time to time. And I kick myself for not selling everything when we hit .02 a while back.
GLTA
I have to agree with you on that one. We're officially in record territory for longest period of time without a PR. What a joke.....
I know a lot of people think that is what's happening here (i.e., Let the price dive so we can buy back shares!!!(insert evil laugh here)).
IMO that is a crock. Wishful thinking and highly unlikely. IMO it's one of two reasons this thing is taking too long:
(1) total incompetence or
(2) it's a scam.
Take your pick. I'm long, but I can't help but think that (2) is actually a possibility now.
GLTA
So, how are we doing here? Haven't checked in for about a week.
IMO things don't look good. People that at least appeared to have an "in" to the situation are now gone and we are fast approaching our record for the longest period without a PR from the company. In the meantime, we take a nosedive.
This is unreal. Come on, GBDX! Enough already! What a joke.
If I remember correctly (I believe it was in one of the recent radio interviews or one of the letters, I don't remember exactly), Dick said bid/ask should be back by end of this year.
Why all this talk about SEC, etc.? What is wrong with some of you on this board? It appears as if many of you want to destroy this company, not see it succeed. It is difficult for me to believe that many of you are actually shareholders. And if you were, you aren't anymore.
This has become the "Bash Dick Pearce" board. Have fun, children. And you wonder why DP eliminated the discussion board on the website and got so angry with so many of the posters?
What a joke. Good bye and good luck. What a shame and a waste.
You're preaching to the choir, Hunter. I too have reached the end of my rope on this one. We actually have less information available to us on GBDX than many pinks, which is darn scary. And the company Sib Almaz, does it exist or is it a pseudonym? That's the problem...no one knows anything.
But we've all waited this long.
GLTA
Actually, allow me to correct you on that one.
It's actually The Tenda in Novemba and then Decemba. For January, it's Januemba, etc.
LOL A new deadline. Do people actually think these guys are looking at the Nevada statutes?
GLTA
Your first question is a good one. But I know that potential placement at close to 2,000 Walgeens nationwide can't be a bad thing (assuming that the test is successful and they expand Turn Left nationwide).
Your second question is also a good one. That is where Jim Randall and the unique branding of Turn Left comes into play.
And as far as Dick pulling the wool over people's eyes. The burden of that one is on you. I haven't seen any evidence of Dick Pearce trying to scam anyone. It's a tough job getting a company off the ground, and IMO Dick has put together a crack team and has a real shot at making this work.
I'm not saying that criticism isn't warranted from time to time. But we have a company here with real products and real distribution agreements. I think we're off to a "Good" start and I can only hope that Jim Randall's rolodex puts us into the "Great" category.
Long and strong and watching closely.
GLTA
Keep in mind, Turn Left is currently being tested with WalGreens in Atlanta (I believe they said 100+ stores). I'm with DCBI. I think Dick is going to pull this off.
GLTA
A lot of people on this board are a lot more optimistic than me. I am done putting $$$ into this puppy. If the buyout comes through, great! If not (let's hope not), oh well. Take my lumps and move on.
After all the "updates," I just don't trust this thing enough to justify putting any more coin into it. We know absolutely nothing at this point. I have a high risk tolerance, but I have reached my limit with this one.
No info out there on GBDX, that "guy" Sib Almaz (LOL), company officers, locations, etc. If you think about it, not much about this company has actually been confirmed. It's strange, but when I sit back to think about it, we have less info. on GBDX than you can get on many pinkie stocks, which is scary. No more for me. I'll roll the dice with what I have.
GLTA
I know what you mean, but that guy has been caught in so many lies on that board that it really is ridiculous. IMO, for whatever reason, he/she just wants to burn Richard Pearce at the stake, and I'm not really sure it has anything to do with DC brands necessarily. It seems personal to me.
And as far the current stock price, I think people are panicking and selling, which makes no sense at this point. I wouldn't necessarily buy at this point either, but hey, I think we're in for some good news IMO. I'm holding for the long-term. I hope Pearce, Randall, and team pull it off.
GLTA
I took a look at it. Sounds like a bunch of unsubstantiated nonsense to me.
Whoever it is, he/she seems to have a real axe to grind with our CEO. And he keeps talking about Dick Pearce's "girls." Frankly, it's all very bizarre over at RB. That place is a zoo. If you think the boards at IHUB are crazy sometimes, go over to RB. That is where the bearded lady, the wolfboy, and the rest of the circus sideshow resides. And not just on the DCBI board.
GLTA
Investigations and regulatory actions are public record at www.sec.gov
Nothing like that exists with regard to GBDX....Not sure where all this talk is coming from.
Yeah, but that has been observed over the last 2 or 3 days, correct? If it's a sign for a pending news release, it certainly can't mean an immediate one. Maybe "911" is a sign for a pending news release in the the next 6 months?
Months of labor, my man. Hopefully, we spit this kid out "soon."
Hear, hear!
The Tenda in Novemba....then in Decemba.....then Januemba....you get the idea.
Soon....LOL...what a joke we have become.
Did anyone get WW's message today that "GBDX soon will tender.."?
Does anyone here really feel like we're going to get a PR this month?
Actually, I think we are approaching our record of longest amount of time without a PR? Wouldn't the end of next week be a record for us? Not a good sign...
I know E*Trade doesn't. I've tried, believe me.
Go JMCP! LOL
I'll believe it when I see it.
Personally, I doubt it. But let's hope you're right.
While there hasn't been any pumping, I must agree that the PRs can certainly be classified as "fluff." Ask yourselves, "Would we know any less about this transaction without the PRs?" Or maybe better yet, "Do we know any more about this transaction because of the PRs?" Unfortunately, the answer is "no" to both questions. Bottom line is we are in the dark here.
GLTA
Testify, KC, testify.
For those of us that didn't sell at .02, we're regretting it. I know I am.
It's ridiculous now.
A complete joke.
Is there a TO? Who knows? I'm beginning to doubt it.
I'm not 100% convinced, but I will take what I can get. Believe me, I want it to happen as much as you do. But I have been holding so long (as many of us have) that you just can't stop doubt from creeping in sometimes. What discourages me the most is all the cloak and dagger stuff about "due diligence" and "step one" and the goal being to "ultimately" exit from the markets, etc. IMO, the secrecy is absolutely unnecessary. If you're being bought out, just say it and keep us updated with some details, not with PRs written in code.
GLTA
Can you give us at least a hint as to why you're so certain?
Unless you're privy to the buyout negotiations, how can you and chucka be so darn confident?
I'm not being antagonistic here, it just perplexes me. I just don't see where you can be getting information that justifies such exuberance.
Either way, I sincerely hope you're both right.
GL
You raise a good point, chucka. How can yo be so confident about this? Do you have inside information? I have read and done a lot of DD on this puppy and the best I can say is "maybe."
But "no fear." WOW. That's a strong statement and I'm not sure how you can back it up.
GLTA
That is exactly what is so frustrating about this now. Even the people that may know a little more than us have to be questioning whether this thing is going to happen. I wonder how much can actually be confirmed by people that consider themsleves "in the know." Boy, if this comes through, I'll be as happy as a pig in slop. It just doesn't look good though.
GLTA
I am getting tired of the whole game as well. They need to put up or shut up here.
I just called 1st Global Stock Transfer and gave the O/S question a shot. The girl told me, "The company has asked us not to give out that information." Click.
So, no dice. Still gagged, which never bothered me before. But it does now because, frankly, I'm tired of waiting for this thing to finish. Patience is fine everybody, but these transactions don't take this long. They just don't.
And the potential ALROSA connection? Boy, I WANT to believe it but it is so darn hard to believe. What, because a financial institution that ALROSA uses might be the same one that GBDX uses, there is a connection? Sure. They use the same bank. Members of the DuPont family bank at my institution. So, I have a connection with them too, right? And we've seen excerpts of Annual Reports talking about the USA and other DD today, but nothing actually linking GBDX to ALROSA or even who Sib Almaz is. Could there be a connection? ABSOLUTELY. Have we seen proof of one today? IMHO Unfortunately, NO.
I'm a devoted long (just check my posting history), but this is insane. The kool-aid just doesn't taste that good to me anymore. I'll keep trying. I'll add some more sugar. That might help.
GLTA
Oh yeah. I have thought about that too. .02 is looking pretty darn to good to me right now.
Hopefully, we'll see it again. I'll sit tight until the next PR. But if it's the same old ambiguous "updates" on this and that.....well....I'll wait another month for the next PR. LOL
I have to agree with you there. If Sib Almaz is Alrosa, I'm Burt Reynolds.
And from day one, I have always had a hard time believing that we have "the" Elena Voloshina as our secretary. The PR said Elena VOUSHVA for heaven's sake.
I keep (I try to at least) believing that this buyout is real. If it's not, what can you do? That's life. But this "transaction" has been shrouded in so much secrecy that you can't help but question its validity from time to time (i.e., every day).
I assume I'm not the only one that finds it absolutely insane that some of the most basic "facts" about this company can't be verified? Sure, we have fragments of truth here and there, but no real answers, which should be coming from the company.
We'll see.
GLTA
LOL...Unfortunately, that has been the trend.
Right. I forgot about that prediction. I just don't see it happening IMO I would LOVE it, but I've lost most of my faith when it comes to GBDX.
I hope I'm wrong, because a PR would be nice.
Seven more minutes for what?
Did I miss something?
I am with you 100%. I have been saying that for months. The ambiguous (albeit articulate) PRs seem like stalling tactics to me. It makes the company look bad (I'm not sure how much they care about that, to tell you the truth) and makes it appear like a scam, which I sincerely hope it isn't.
Come on, GBDX!! Enough already, put out the details!
No more excuses.
GLTA
Have we given up hope for a PR this week? I'm getting there. It still surprises me because given the pattern of past PRs, this week seemed to be a no-brainer for at least an update.
Maybe tomorrow? We'll see, I guess.
GLTA
Thanks for the reply and info, doog.
I have been in since .65, I just haven't been following the board. There are other boards where I'm more active. I just wanted to check in and see if I missed something that wasn't stated in the PRs.
Thanks for the replies everybody.
Thanks for the insight. That is all I was getting at.
We're up over 225% in about 5 weeks. I thought my inquiry was a rational one. I guess not.
Sorry for trying to gauge other people's opinions on the sustainability and direction of DPDW. I guess this is a cheerleaders only board.
Anyway. GLTA
Has there been talk by the company about an uplisting? Or are you hoping?
Like I said, I already bought in @.65. And I have seen the clients and the last few PRs.
Just looking for some opinions is all. Believe me, I would want nothing more than an uplisting and a double digit share price. Just trying to get a feel for whether people see a $2+ share price as reasonable at this point in the game.
GLTA