Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Here is the current share stucture
Authorized: 25,000,000
Issued: 2,323,129
Float: 640,000
All new shares issued were restricted for at least 1 year and in some cases 2 years.
The last SEC filing is is where I got the new authorized shares:
"The board of directors, in reliance on shareholder action, then amended the Company's articles of incorporation to reflect an increase in the authorized share capital from seven hundred and fifty thousand (750,000) common shares to twenty five million (25,000,000) common shares."
I've got a boat load of tickets for her.
LMAO
I guarantee I won't miss the dance..haha!
Got my dance card ready.
So lets ROCK!
We are supposed to be grateful that DCTN is still in business. Afterall, it is better to have a company that is still trading than the alternative, a company that folded its tent and moved on. The R/S was a needed to give them a chance. Who can argue with this?
But none of us would have invested in this company if we hadn't believed in what they were saying last year. We understand that without cash, they just couldn't get anything done. We understand the R/S gave them a fighting chance. We understand this allowed them to get the funding. We understand the necessity of restructuring and cleaning the company up. And we are expected to be grateful because our investments are worth something compared to nothing. We are expected to be grateful they are still trying to complete their new business plan.
But what they fail to realize is we bought all of our shares from a nickel down based upon information they were giving us. From the company and its representatives, a bright picture was painted and we believed. And while they were reassuring everyone that R/S wasn't going to happen, we continued to buy. And when it happened, we stayed with them because we continued to believe what they were saying. We believed they could pull this off even knowing that an R/S in the world of pennies is usually the kiss of death.
So it is insulting for the copmpany to show no respect to us believers. It is disrespectful to ignore us while they create a company that makes them lots of money.
They need to step up to the plate, bring in the necessary buying, and get this price up where we can quit worrying about it. They need to re-assure those of us that they appreciate our loyalty. For pete-sakes, even though they don't care about us, it is to their benefit to get the share price up over a buck now and not later.
I am really pissed at their lack of interest towards the shareholders who stuck with them. Its high time they recognize our contributions, our loyalties, and our support.
Bring in the buying and move this share price now not next month. We all win. There is no logical reason for them to keep it this low.
LOYALTY. This is something the folks at Delta could use a lesson in.
They said they had to do R/S if they wanted to have a chance. And we believed them.
They said it had to be a back-breaking 1 for 100 split to get price where it needed to be for funding. And we believed them.
Yes, we believed them. They took almost all of our shares and the ones we got to keep were worth a fraction of what we paid. But we chose to keep the faith and not sell. Because we believed. For those of us who chose to average our positons down, we are still very much in the red.
But we believed in them. We believed in their vision. We stuck by them and held our shares. And yet there is absolutely no concern at the company for us.
Thanks to the split, the float is so small, and our average prices so high, no shares are available. The MM's maintain a huge spread which prevents anyone from coming onboard now. And yet they wonder why we dont average down more. They cant seem to understand that most of us bought in at a nickel. We averaged down in the .03's. Then we averaged down again in the .01's. Then news of the split and the bottom fell out. And yet when everyone else was bailing, we averaged down somemore. And we held. We believed.
And we still believe. Even though the company is going to use shares to secure funding. And even though the issued shares is going to increase from 600k to 4M further diluting our already reduced share prices from the split. We hold. We believe.
Even though they dont seem to care at all about us, we remain loyal. It would be so easy to throw us loyal investors a bone. Reward us for standing by them. We know they wont consider a small forward split to make the float more liquid. Why should they when we are the minority interest here and they have control over the shares. But why not bring in some buying with these funding deals and get the share price to a "respectable" level. Instead of securing $100k at .25, why not work it so person providing funding agrees to $125k. $100k to company and and they agree to buy $25k of shares on open market. We all win. We get a higher share price and the 250k shares they secured funding with at .25 is already worth 2 to 3 times that in value. But no, they dont seem to care about share price right now.
Sadly, this is so obviously true. They just dont care. We all know this wont take much to move it to a buck. Get it there and they will see some selling which will help keep this thing trading with respectable spreads. At a buck they need to issue less shares for future funding.
But this would show they care about shareholders right now and they dont.
LOYALTY. This is something the folks at Delta could use a lesson in.
I expect numbers in next PR.
I think todays release was to see how the market reacts to the news of the closing. I am betting they are holding news about Interglobes projected revenues for promotion.
I hope the promotion starts soon and they do release the projections then.
We need this promotion to start now! We need the news to keep coming! We need to see some positive things with this company now!
UNREAL, no trades today is UNREAL!!!
Such promise Friday then the big donut today. This has got to be one of the most unpredictable stocks I have ever seen. Heavy trading days followed by no trading days.
Go figure.
One thing is certain. It sure doesn't trade like a stock that has a huge acquisition in the bag, funding in place, a nice business plan for rapid growth this year, and news coming.
I really thought we would see signs of accumulation today.
Until the financials are done?
Thats not for at least 2-3 more weeks!
(If we are lucky)
Anybody confirm the Interglobe acquisition closed yesterday?
Nice trading yesterday. Hate the price but am glad the spread has narrowed. Wasn't watching it much yesterday so can anybody tell me if most were buys?
Thanks.
Hmmm...
I like the talk of a small forward split to create more liquidity for this one. There certainly doesn't seem to be many shares available for anyone to buy right now. And the price will have to move substantially for any shares to become available. Even just a 3 to 1 split would put us long term holders, and the companies principles, in a better position after that massacre of 1 for 100. And it would put more shares out there creating liquidity. I am somewhat concerned that with the tightness of this float, and the majority of shares avaiable at averages over $2, the MM's will keep this spread wide indefinately.
What a great way to solve this problem and reward exisiting shareholders for sticking with them through the restructuring. The original funding is done, and the company is much cleaner now then ever, so the R/S did what it was supposed to. So why not a small forward split?
To bad Delta isn't even considering this.
Yes, and why would DCTN discourage their buying at this time. It is in everyones best interest to increase share value. I just cant see any logical reason for them to want to keep it down.
And it really has me upset right now.
I am upset.
Why in the hell is the company holding people back from buying? Makes absolutely no sense. This only screws us investors one more time. There is a bunch of us who have stuck with this company through thick and thin. Through all the broken promises, false information, missed filing dates, and the R/S. The R/S wiped out almost all the value of our shares. And yet we held.
And now they are discouraging people from coming in and accumulating or buying this stock. WHY? I see absolutely no logic in this. Is it because funding deals were at a specific price? Is it because shares used to pay debt are set at a specific price? How about shares for acquisition? Whatever they think is the reason, it is Bull.
Everybody wins with a higher share price now. Especially before the promotion. So what if the price is higher the day they closed the funding deals. The funding people will be more interested in working with us if the value of their shares is already up when they gave Delta the cash. The promotion would also be much easier if people could see the company already has shown growth in share price.
But here is what really pisses me off right now. We are trading lower now than we did last year with that piece of crap UMDN. Actually, aside from that last sell off when Delta surprised everyone with the announcement of R/S, we are trading at our all time low. (.0023/.0044 would be price pre-split). And seeing this and then hearing Delta is discouraging anyone from buying really upsets me. It is beginning to seem rather obvious that they dont give a rats ass about us investors. And I see no logic in discouraging buying.
We all win if the share price moves up. We all win if the share price is up when the Interglobe acquisition is announced. We all win if the share price is up when the promotion begins.
WE ALL LOSE WITH THIS DUMB ASS DECISION TO DISCOURAGE BUYING!
There is talk that we will see $1-1.50 pretty quick. Not bad from this current price but to us long term investors thats .01-.015 and way below break even. But it should actually do much better. Stop this crap and encourage people to buy. We could break a buck easily before any news of closing or promotion. Then there would be no reason we couldn't go to $3-5 on closing of Interglobe and promotion. Here is why I believe this.
This float is extremely small. Plus there just arent any shares available for buyers. And no significant shares will become available until we break a buck. (to many shares are in the hands of people with much higher break evens points). And with small float, buying resulting from the promotion willl move us fast. And when you look at Interglobe and the fast track for growth they are on, you know this thing will be worth $5 anyway.
So could someone please explain to me the logic in discouraging buying!
Not sure.
They brought it down to fill it at .44 and didn't raise bid or ask when filled. Could have been a sell cause they know they will be able to find a buyer at a higher price soon. Its really to hard to tell for sure what it was.
But it wasn't squat for volume.
I am watching for accumulation today.
At some point the promoters and others have got to start picking up shares. And they need to realize they wont get many, if any at all, below the ask. I am hopeful we will see this accumulation begin today.
This could easily move over a buck with accumulation before news of closing on the Interglobe deal IMO. But they got to step up to the plate and get them at the ask.
What people have to realize is that most of the shares are in hands from before the split. Alot of these shares are averaged at $1.50 to $2.50 and none of us is selling at break even. So shares will be very scarce until we get into the dollar $1-$2 range IMO.
Any thoughts?
I hope buyers realize that until someone sells they aren't going to be able to get filled below the ask anymore. And no one is going to be selling until the MM's move the bid up a lot more. Shares are not available and the MM's have made it apparent they won't fill buys lower than ask. Get some buying in on the ask and the bid and ask will both raise. Then weaker hands will sell and the shares will be in more secure hands IMO. A win/win for us. But they will have to start buying at the ask if they want filled IMO.
Our day has come.
We have a new IR that is a definate upgrade there. News this morning, not exactly what I had hoped for but good news anyway. Now lets watch as the buying is forthcoming.
Yepper, our day is fnally at hand here gang.
YIPPEE!
Not much today but will take that 2k buy at open
Not sure what that 200 shares at .45 right after it was.
Guess no news tomorrow either if trading is any sign.
I wish you guys would post more. I look like an idiot with all my postings here.
One more day and we will know.
If we see volume tomorrow then I will take that as a sign that Delta is finally going to release news. No volume..more delays.
I pray it is finally going to start this week. I am hopeful you guys are right about that 200 share trade at ask Friday. Hopefully that was a signal to start moving this thing.
Good luck to us all.
Anybody have an update on the financial filings?
Sorry but I have to disagree.
I am a firm believer that MM's rarely, if ever, accumulate OTCBB stocks. Why should they. The current rules allow them to short up to the amount of shares in the float. And the current rules do not prevent them from shorting more than this amount and going "naked". Until the rules change, and the MM's are held to a "fairer" standard, then there is no reason for them to accumulate any of these stocks, including DCTN.
Consider this, these stocks are for the most part, speculative. The risks for OTCBB companies is to great for the MM's to want to be "caught" holding shares in them if they go belly up, file for bankruptcy, or miss a filing deadline and go pink. So there is nothing to justify them "accumulating" these issues. And as long as they can "legally" short them until the cows come home, there is no reason for them to put themselves at risk and be caught holding shares.
No, for the most part, I believe the MM's are always short on OTCBB stocks. This is also why I believe this smaller float is to our advantage with this thinking. The MM's aren't stupid. They are here for one thing and one thing only...to make money. Without news, I think the MM's will sit back and not sell to many shares and go extremely short. I think they will do as we saw Thursday and mainly match up buys with sells and try to keep the spread wide. Once the news hits and the volume appears, then they will start playing their games. I see this moving really fast out the gate. The MM's will take all the buying on the ask, continually raising the ask with the buying. They will then pick off the sells as we go to cover themselves and try to keep a handle on things. I think the buying will be much more than any selling and we will see huge gains right away because of the new float. And then they will really start getting short to keep up with the buying frenzy.
Then it will be up to the company IMO (and the promoters). The key is to keep the buying pressure on and force the MM's to keep moving the price up. As long as the MM's see a demand for shares at increasing prices, they won't mind covering at higher prices. The problem will be if the buying subsides. Then we see the notorious "shakes" and criminal games they employ to cover. And it will get ugly.
Personally, I am betting the company has a good plan in place with news and promotion to keep it moving and keep the MM's honest. I am praying they do anyway.
FWIW, I also am expecting the share price to break $2 pretty quick. My only concern at the moment is another delay. Not sure I can take anymore of them.
So lets hope all the delays to date were because the company was getting everything in place. And lets hope it is now in place so nothing comes up and bites us n the butt. It has been a long road for al of us and time we were rewarded for our patience and faith.
Good luck to all of us here.
Also....
I keep thinking of the historical trading activity for this stock. We broke .01 last December a few times just on rumours and expectations from false information. Thats the equivelant of breaking $1 now.
And this thing had no problems trading between .025 to .035 last fall when we thought things were in place. All they had then was that POS UMDN deal. We are in a similar position now except the deal is the Security company which is 10 times the UMDN deal. They reportedly are already a profitable company with huge growth plans on the table for 2002. So this would indicate we shouldn't have any problem trading between $2.50 to $3.50 this time. (Actually, the much smaller float should mean it will trade even better.) And lets not forget the ever present rumors of other deals they have been working on.
So I am actually pretty optimistic about things here. Things are looking pretty good finally. Now if they would just light this candle and get it going. PLEASE, no more delays!
Good luck gang.
IMO there won't be a lot of shares available for sale at .40. Most investors who have stood by this company through thick and thin are looking at a share price between $1.00 and $1.50 just to get even. (Some even higher) Those who didn't want to ride it out sold before the split and that is why the price dropped to where it did. Those of us who held, I am sure, will not be selling for losses at this point. Especially with the extremely small float we have now. So where does that leave us.
I think they will get minimal shares on a .40 bid and slowly keep moving it up to the $1 range. They will "shake" some shares at .60 to .80. But I dont see many shares coming free under a buck. And any shares that are shaken loose will be bought up quickly IMO.
I believe this thing will trade very tightly and no significant selling will occur until it moves past $1. Depending on the interest generated from the acquisition news, and any other news they have in the pipeline, we should be off to the races finally.
The unkown here is the promotion and the promoters on board. I have seen no significant accumulation going on since split. At some point these guys are going to be grabbing shares and I would venture a very strong guess they will be the ones gobbling up shares from .40 to .80. We have already seen someone is willing to buy shares over .40 already this year. If what is being said is true, news next week, promotion kicks in and so on, then we should see this buying starting Monday on the ask with the bid moving to .40 pretty quick. I would love to see the bid over .50 before any news hits.
I also still believe in my "fence sitter" theory. I think once the news of Security deal is out there will be a mad rush of buying right out the gate. These "fence sitters" had their interest in Delta peeked last year then backed off with the R/S. Now they are staying away from it because they see this as your typical OTCBB POS scam. News will show them the R/S wasn't a scam and their confidence in Delta will be restored. And they will buy. We cant forget how many rooms were aware of Delta last fall. I believe this thing will get legs of its own after news is out.
So if all we are hearing is true, this week will be the one we have waited over a year for. I hope so!
Good luck everyone.
I hope it is a sign.
But why send a signal at the close?
Not much noise today, more like a whisper
Better than nothing.
HAHA... 200 shares at .48
Hope they didn't use all their milk money. At least there was some activity after my whining..lol.
Just doesn't make sense...
We had that flurry of activity near close yesterday after days of no trading. And now it is dead in the water again. I was really hoping to see some volume today.
Go figure.
Tell us how you really feel..lol
Let me check my crystal ball....news Tuesday.
hahahahahahahahaha
Only problem is my balls aren't crystal...
but thats a good thing...lol
I would be very surprised to see news today, or this weekend. If there truely is a promotion planned behind the news, they will want to wait until early next week to put it out and start the promotion....IMO.
Have to admit it was nice seeing volume finally. And to see buys going through at .45 and .48 was sweet. The fools selling at .40 will be regretting it next week....haha.
Our day could finally be hre.
Good luck everyone.
Looks like another donut today.
I am sick of donuts!!!!!!!
Man this thing has the worst spreads.
Nobody is going to buy like this and until we see some news we're screwed here. Anybody hearing anymore about news? Promotion?
I still say the lack of trading this week pretty much tells us news isn't coming soon. I hope I am wrong and it does come tomorrow.
I am still sick with the waiting on them. It is sooooooooooooooo old!
Also, if a promotion is planned immediately after news, why aren't there any signs of accumulation going on. Promoters always grab cheap shares and work the stock before they "promote". Not here though.
This kind of makes one think this week will go by with no news AGAIN!
I pray I am wrong. I am so sick of this waiting game. And I am really pissed about the company going 3 months without any news of their activities. There is currently no IR in place to field investor calls and the company remains silent. This really SUCKS!!!!
So where is the buying?
For a company about to release news of an acquisition there sure isn't any "hint" of this in the trading.
As usual, I remain perplexed with Delta. No shares traded yesterday, and a measley sell of 2300 shares today. I also have no idea who would sell such a small amount right now. Especially if news is coming.
No wonder I am bald with all this head scrathin....
Will we see some buying with it to...lol
Man this thing sure doesn't trade like a stock with news coming and at least one acquisition in the bag!!!!!!
Where's the buying?
LOL...
We have heard so much noise with this one the past year, when the volume comes it should be huge..hahahaha!
Its been an extended year......
I hope you can find out when they will get off their ass and start acting like a company and not a shell. NEWS! NEWS! NEWS! That is what we need NOW! NOW! NOW!
Well, its another week...
is this the one?
Believe what you want about Stafford.
Doesn't have any relevance to the share price here anyway. Bottom line is this one needs to move no matter what happens at Stafford.
.20/.52 Geesh...
Why don't they just take it off the market!
I agree with your assesment that P/E's have no bearing to actual share price concerning the OTCBB (that wasn't my point at all). Like I said, the OTC is the MM's world and they rule the roost here. You must not have read all my posts....lol.
I believe the P/E and value of the stock "on the books" after the acquisition will lend "credibility" to this thing. It will show they are more than a shell and have a "profitable" acquisition already in the fold. This alone will help to bring in investors, especially these "fence sitters". Delta shows us they now have something of value and it is easier to convince people they can do the things they say. This is paramount if the promotion is going to be succesful. We need something that convinces people from the promotion that this is a worthwhile investment. And this is why I LIKE what the Security deal brings to the table for us. It adds significan "value" to this shell right out the gate.
And your assesment about bid support is right on the money. They have got to have someone to support this thing to keep the MM's honest, which is a tough job in itself. Otherwise we will just see huge runs and huge drops as the Mm's cover leaving tons of new investors in the dust with outrageous entry points (like my .055 last year, which is $5.50 today...lol) I believe they have this in place.
But I still think time is a KEY factor here. They have screwed the pooch enough and for this to really be as succesful as it can, they need to get moving on it soon.
On a more positive note....
I still believe there are lots of "fence sitters" out there. At one time Delta was one of the most watched stocks on the OTCBB and it wasn't that long ago. Almost every chat room was discussing it so there are tons of investors out their that have heard of them. Unfortunately, right now, they all have bad thoughts of DCTN and don't trust them at all. Cant say I blame them.
But when Delta gets off their butt and announces the closing of the acquisition of the Security company, you can bet these "fence sitters" will be looking at Delta again. It is very conceivable that we could see a large number of buyers stepping up when there is "proof" that Delta actually has some potential (plus the new investors from the promotion). This thing could really get legs of its own and fly. It is all up to Delta and the longer they wait the more likely we will lose this opportunity with these "fence sitters".
I honestly believe that time is running out for Delta as far as taking advantage of this unique situation and the current "awareness" out there about this company. It would be a heck of alot easier to take advantage of this NOW and use it to their advantage than to lose this one chance to really move this thing big!
So what is your thoughts gang?
I've pretty much nailed it here wouldn't you say? We can only hope they really do have their act together and see the logic in these things I have stated. Please respond folks. I want to know what my friends are thinking now. Whats the point in coming here if no one is going to discuss Delta. I might as well keep what I think to myself if you guys won't discuss it with me here.
Right now we are all in the dark. Delta has pretty much been silent for the past 4 or 5 months. Now we don't even have an IR so there is no where to go for answers or to ask questions. And the most difficult thing is for us to figure out just what in the hell they are planning without any lines of communication for investors. It is waaaaaaay past time for them to start putting news out. I can understand them wanting to get all the restructuring done internally after the R/S. I can understand their wanting to hold off announcing the Security deal until the funding is done and all the promoters are lined up.
But I can't understand this excuse that they are wanting the filings in first before they can do anything. The filings aren't due until April for pete sakes. And they only cover last year so there is nothing significant to file. It is hogwash to think we believe any of the acquisitions are on hold until they see these financials. Cripes....they should already know Delta had nothing to report last year...they were a shell!!!!
And there is ABSOLUTELY no excuse for them to not at least put out something to inform investors of the companies new direction and focus after the split. Geesh...this should have been put out last month when everyone was jittery about the split, especially after the way they handled announcing it! So irregardless of what is in the works, or the promotion, they should get news out NOW!!!!!!!!!!!!!!!!