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So a promotion is the key here...
Without quite a few promoters lined up to get the word out and bring investors in, we will remain dead in the water and at the MM's mercy. We have all been told the promoters are in fact lined up and just waiting for the green light. What we don't know is how many and how good they are. (or when in the hell they will be given the green light) But the promotion remains the big KEY here!
I hope they have a similar plan in place as last summer before the bottom fell out. 5 or 6 promoters all lined up with email/fax/phone lists to hit and get the word out there for us. We need the world to see that Delta has gotten their act together and this reverse split wasn't as bad as everyone thought originally. Let people see there is a plan in place and Delta is working diligently to increase shareholder value. We need to seperate ourselves from the rest of the OTCBB's that have done R/S's to screw investors. The proof is in the pudding and Delta needs to get the pudding out on the table for all to see.
And the promoters, tied together with all the news releases they are sitting on, could move this thing to the levels we all need to make money (or in many of our cases...just to get even!)
They also need to be working on getting big investors up to the table and buy some of this pudding. We need some larger investors to come in, that believe in Delta and their plan, and buy large blocks of shares and sit on them until all off Deltas plans come to fruition. And it is up to Delta to find these people, convince them of their vision and their ability to pull it off, and get them to start buying. This will reduce the "float" and make it much easier for Delta and its promoters to get this price up to a respectable level and hold it.
More thoughts...
We have all been told the Security deal is closed and should be announced very soon. We have also been led to believe it is already a profitable company. If we assume they have a net profit of only $100k then that would translate to .14 per share ($100k divided by O/S of 693,000 shares = .14) And using a conservative P/E of 10 it translates to share value of $1.40.
I don't know much about the financial stability of this company, its revenues, or what its expenses are, but I can't believe they have that much overhead. So they should be very profitable and probably make more than $100k a year. ($200k would take us to value of $2.80 a share)
So this alone leads me to think that this deal will bring quite a bit of value to this company right away. Then you consider the rumors we have heard that they are looking to branch this company out with "satelite" offices all over the US and Canada and the potential here is pretty big.
But will announcing this acquisition completed be enough to get the share price up? I have no idea. I do hope the company has enough sense to include some financial information on the Security company in the release. Good hard numbers from last year would certainly help our cause!
But it is still the OTCBB where the MM's rule. Without buying, and lots of it, the MM's will probably put the screws to us. It is going to take alot more than news of this deal to get us where we want to be IMO.
Which brings us to the promotion.....
I was just thinking....
which is usually pretty dangerous.
Last summer, when things were really expected to happen, we were all confident this thing would go to .25. That would be the same as going to $25 now after the split. Does anyone really expect it to hit that now....lol!
Now, just a buck would seem big with this thing and many of us are hoping it might go to $3. (which would have been .03 last year). How sad is that? You think back at how easy it did move to .03 to .035 (or even when it ran to .055 when a lot of us bought) and it is easy to think it could run to $3 to $3.50 on decent buying. But that was before the bottom fell out last fall. With the float at only 693,000 shares it really could fly but I just don't see that happening. Thanks to Delta everything has changed now and the realism is $1-2 is more likely where we will go when they get off their butts and start releasing news. (which was only .01-.02 last year) I guess sad is putting it pretty mildly!
Crap...look at it now
.20/.21
Finally got the spread to close up nice and tight but the price sucks!!!!!
I hope you can get us some answers here Mark.
We really need to know when we can expect something to happen. If the security deal is done, would be nice to know when they plan to announce it. I hope they aren't planning on waiting until April to file and then start things moving. Pass the Rolaids please!
Good luck pushing for answers.
I agree. It appears the year end isn't due until April. So it is no surprise that they believe they can get them in on time without filing an extension (if they really are already working on them).
But I cant understand why everything is on hold right now. Yes it would be nice to see filings on time and no "dreaded E". But if they have truely gotten started on them early then that should be enough to satisfy everyone they will be done on time. So why hold up news of the Security deal being closed? Why hold up any promotion? Why the hold up on announcing the funding? Why, why, why? This is what I dont understand.
Does anyone see any logic to this?
Just called Judy...
looks like financials will be completed next week sometime and forwarded to the auditors. If I understood her correctly, they should be filed within 2 weeks. Not sure why it is taking so long since they have nothing substantial to report. Considering they have been telling us for 2 weeks now they were working on them, I really thought they would be done now.
She also said there would be no need for them to file for an extension this time around.
Awful quiet here....
Anybody hearing anything worth sharing?
Could somebody please keep trying to reach Judy about financials.
I am pretty busy right now so dont have the time.
Thanks.
Does anybody have an update on the filings?
Any word if they will actually get them in on time and when?
Hopefully they will get in soon and they will light this candle.
It is my belief that the oil/gas deal is not going into DCTN but into another company that the principles of DCTN are involved in.
There is a company on the pink sheets called Stafford Ventures, Inc (SFDV). This is where I believe the oil/gas deal is being put when it happens. This is not a bad thing because everything is tied together with the same people involved in both. I believe their success depends on all of their ventures and Stafford is one. This company rarely trades and the shares are held very tightly by the principles. It is my belief that the oil/gas deal will go there to add value to that company which will benefit the principles who are providing the necessary funding for DCTN as well. I see nothing wrong with them making that company more solid if it increases the chances/opportunities for them to place cash in Delta.
Things are beginning to look pretty good for us gang. I am encouraged that Delta has no plans to further dilute the shares on us. I like the fact they are putting deals in both companies that only strengthens them overall. I like the fact they are being more cautious in coming out of this "restructuring" and making sure everything is in place before they announce things. I think all of this sets the stage for us to see some significant growth very soon in DCTN.
The latest "rumors" indicate there are more deals on the table for us right now. I think this only shows that Delta has a solid plan in place and those involved are very confident in Deltas ability to bring these plans to fruition. Yes, things are looking very good here.
All my opinion here but I feel very good about things right now.
Good luck to us all.
Not exactly setting the world on fire yet.....
and not exactly trading like a stock expecting news real soon either!
We have some activity today.
Buying...selling?
Still it is a sign of life here and earlier than usual.
Anybody here anything new?
I hope you are right about news George.
I am so tired of waiting here. I do believe we are finally close to seeing are patience rewarded. I believe all the internal restructuring from the split should be completed by now. Lets not forget this is a whole new company now. I think all the i's are dotted and all the t's are crossed. I also think the financials are completed and in the hands of the auditors.
So it is only a matter of time before we should start seeing everything fall into place. The Security deal is there and with all the restructuring behind Delta it should be on the forefront now. The funding should also be moving forward now that this is all done as well.
I think it bodes well for us that the company is making sure everything is in place and not "rushing" to do things for the sake of a "quick" bump in share price. Maybe they DID learn fromall those mistakes in the past. With this new/smaller float things should get really exciting when the green light is given.
But I really hope your source is right and our first news release is days away. Even believing all of this it still is hard to just keep waiting.
And waiting, and waiting, and waiting....
I want to see big buying.
These freaking Market Makers are still having a field day with this one do to the low volume. Man...what a spread. Reminds me of the red light district in Germany. Anybody got $40.
I hope next week is the end of this waiting game. Any word on how the filings are coming? Nothing here.
So far.....
this company hasn't shown us squat!!!!!
There are so many conflicting things being said it is tough to figure out what to expect. I do believe the Security deal is done. I do believe there is other acquisitions being negotiated. I do believe the funding/private placement is going to happen and should be close to done. And I do believe they really are trying to get the filing in on time for a change.
But what in the hell is taking them so long? This crap that everything is waiting on the filing doesn't hold water IMO. The Security Deal, for all practical purposes was signed with an LOI in November. It was even scheduled, reportedly, for closing on 12/21/01. Remember the infamous news release IR posted on RB? Remember it was written and confirmed by Judy? So if it was so close to closing then, what in the hell is the hold up now? The filings? BS!!!! The filings won't show anything detrimental to this deal because there isn't really anything to report new. Its a freaking shell. The Security deal is supposed to be the first step in fulfilling the companys new direction.
Then the private placement was supposedly held up because share price wasn't where it was negotiated on this placement. They claimed they were waiting for it to drop back down then it would be done and announced. Well folks, its been down for almost a month now so wheres the news?
Beginning to see a pattern here gang. Doesn't this all sound familiar? Remember last summer with all the high hopes and toutings of a promotion that was to kick in. Then came the excuses and delays. Company started saying this has to happen before that can happen and then that has to happen before this can happen. I am not referring to 9/11 here but the period prior to it. All the excuses we heard then. This is REALLY getting old.
Don't get me wrong, I think they have all of these things going. But for the life of me I can't figure out why it takes this company so long to complete something. What makes it even worse this time around is there is no where to really go for answers. Nobody to talk to. Nobody with any information. Nobody with anything.
So we sit and we wait..
and wait, and wait, and wait....
IR doesn't expect to hear anything until the end of the week.
Bet we don't get news at all this week.
I hope it is soon, am so sick of waiting.
Wait, wait, wait.....
Now the claim is....
everything is on hold until the filings get done. Apparently the companies they are acquiring want to see the year end audited financials before they sign the dotted line on being acquired. I dont recon we can blame them as Delta has been late filing almost everytime. As I understand it, the LOI's are all signed and everything is in place once the filings are done. Would be a nice change of pace if they can "actually" get them done on time and not get the "E".
The question remains....WHEN.
Wait, wait, wait.....
Its always something!
Wait, wait, wait....
I get so tired of this company making us wait. Can't help but wonder if they have anybody there that knows the first thing about running a business.
Geesh!
Enough already. Get some freaking news out here and light this candle!
Was glad to finally see some kind of trading...
Not exactly the mad rush for shares, but a start. The trades all happened pretty much at the same time which makes me think it was one buy order filled (with the exception of that 1200 share sell at .40) So its nice to know there is at least one person out there who thought this was a good enough buy to pay up to .45 for. Plus we cant forget the buys of 10k at .40 that went through twice in the past.
Still, I had hoped for more action after this long period of no trades. This crappy spread doesn't exactly entice buying from your every day investors but those close to the company, that know good things are coming, should be buying IMO. Where are they. And we know the promoters on board are going to start working it anyday now. If the private placement is completed as we have been told, we should start seeing action again real soon.
So come on Delta....give the green light to the promoters and get some freaking news out here to let people know you are real and not the typical scam.
We have buying!!!!
Woowoo!
Well damn...
2k @.20 and 2k @.18
Not exactly the kind of volume I was hoping for.
Anybody get any answers today? Any kind of information?
Still trying here.
I was told there was a private placement for 450K shares at .25 taking place. This was delayed when those shares went through at .40. They had to wait for price to settle back down. I would assume this private placement is to get the necessary cash to finalize the Security Deal and others. (450k X .25 = $112,500)
According to Merle they are now reviewing financials and then will close???????????????????????
Sure wish we would see some buying to let us know the green light is on.
Wonder where that news is announcing the private placement? Supposed to come out and signal the beginning.
Anybody else hear this?
Can you try Judy please.
For some reason she hasn't been returning my calls.
Thanks
Hey Mark:
Maybe we need to get on the phone and see if something is up with that one.
I just wish DCTN would start getting volume. I will be glad when they finalize this private placement and give the green light for buying, promoting, and releasing news.
Hey there.
Good to see you found this board. Am hoping to get some answers today and will try to post an update later.
I will make sure you know what I hear.
Anyone still follow this one?
If there is any truth to what is being said, things might be picking up for Delta real soon.
Supposedly the R/S was done as a last ditch resort to save the company and secure funding that was available at a specific share price. Once split was done there was some buying, small but with this new "reduced" float the price jumped. Company had to wait until it settled back down to finish a private placement of 450K shares at .25. Word is news of this placement is forthcoming anyday now.
The acquisition of the security company is also all but completed. Again, share price played a factor here and now that it has settled where they wanted it the deal is being closed. Expecting news on this soon as well. It is supposedly going to include some good hard numbers on this security firm in the release which is a profitable company.
Numerous rumors were floating around about them acquiring interest in an oil/gas company. It appears there may be some truth to these rumors as well. I hope so!!!
Company also claims to have a number of promoters on board as soon as this private placement is completed. If true, watch for some buying once news is out. According to IR the R/S was also done to make it easier for the share price to move with a promotion.
I wish I knew for sure that all of this was true. With this company and their history the past year it is hard to trust anything anymore.
Just thought I would post here and see if anyone is still here.
Good luck everyone.
Matt. Here's a link to a nice site with some info on HVST for you. Hope this helps.
http://www.stockco-op.com/
HVST R/M could be close. Read this!
1) Increased volume and price. (over 17M shares traded recently)
2) JHPC, Mr Murphy's other company, intends to buy back some of its shares (200,000 shares).
3) Company now calling itself "New" Harvest Capitol instead of Harvest Capitol. (Was reported on yesterdays filing for extension). Why change name of shell that you intend to sell...Hmmmmmmmmm.....
4) News hit Wednesday was Mr. Murphy reporting 90,000 shares transfered to his account for selling. (A meager amount that surely isn't planned for sell at these prices IMO) Hmmmmmmmm....
5) Company continues to keep this shell fully reporting and clean.
An awful lot of "coincidents" that appear to show R/M is falling into place IMO.
HVST. Another day of over 1M shares traded. Looking better and better here. Any idea why mm's are working so hard to hold this one down. Not seeing many huge blocks going through, but lots of small ones. Accumulation by someone it would appear.
Would love to see/hear confirmation of R/M about now.