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.
I would imagine we will see them shortly. GLTA.
Agreed. My thought is that they are busy with other activity in the company and they may have overlooked the fact that these things are important to PR as well. JMHO. GLTA.
Have a good night. Hope the info was helpful. Everything I posted is my personal opinion and understanding of my conversation with the CEO today. It is always best to do your own DD and confirm everything yourself and make your own investment decisions. GLTA.
I did not ask specifically as to when they will become a GM-certified vendor this evening. From my previous conversation, he did say that they were in the final stages of becoming a GM-certified vendor. Thanks.
More to come, let me collect my thoughts and notes.
By the way, I encourage everyone to verify all that I've said. Like I said before, I was very pleased with the 10Q and the PRs and my emails and confirmation with the CEO have made me even more excited about the company. This is just the beginning in my opinion. Stay tuned. Give me a few minutes please. Thanks.
More info from the CEO:
As an aside, all is sorted now so, let me continue to post. Of course any personal attacks and off topic posts will have to be removed. Let's keep it clean and civil folks we're moving in the right direction in a major way.
One thing to remember is that the dilution they made this month (half restricted) was partially made to enter the european market. If this is not smart, I don't know what is.
So, ok, we know that in about a week or two, we will be at 115 million o/s (35% restricted), the added 15 million shares used 50% for employee bonuses (restricted shares), and 50% for consultants assisting them enter the european market.
I did post to the CEO that I was a little confused about what was going on based on tonight's post, etc. Here's his response:
I'm sorry if you are getting confused. If I didn't believe the company had a fantastic future, I would not be wasting my time, as I have another very successful privately held company and other interest as well. DealerAdvance is an important company to me, as I love turnarounds ( I spent 30 years in broadcasting doing nothing but turnarounds with great success).
We will continue release news on a consistent basis over the next several months as part of our IR campaign.
Ok, I hope that's clear. Please let me know if you have any questions and of course email the CEO as well for verification.
I will talk a bit more about dilution and how they are very concerned about dilution and have no plans whatsoever for any major dilution and I will also talk about a few very good items.
I hope you guys are appreciating this. What moderator would do all this :) Well, I'm glad its all getting cleared up. It's best to have all the info out in the open. See, its all good. Just got a little convoluted between emails and posts. I should be getting paid for this :)
By the way, please don't fight with each other. It's actually a good thing to get this out in the open and to clarify everything for everyone. I want to run a clean and honest board.
Ok, give me a minute and I will continue to post more info. All very good imo.
Just to recap, he did erroneously add the 10 million from the s8 in september that was already included in the 10Q 100 mil count. He did agree that he said 130 million cause he thought 100 million plus the september s8 (10 million restricted stock options), 15 million s8 (stock bonuses 7.5 mil restricted shares, and 7.5 million for consultants who they are working with to enter the european market). This came to approximately 125 million and he just rounded to 130 million. So, yes he did tell a couple of people 130 million. But it is, in fact 115 million, of which approximately 18 million of those are restricted of the recently issued shares in september and novemember S8s. The percentage of total restricted is around 35%.
I will post more about this shortly, but they are extremely concerned about dilution and they don't envision any large dilution ever. I will continue in a couple of minutes.
Ok, let me just get a couple items out quickly since I'm sure you are all waiting.
I asked some very tough questions in emails to the CEO this evening and just received a couple of replies which I'm very excited about, but I will get to those in a minute.
I just spoke with him to clarify this o/s issue which was confusing me as well. I did exchange a few emails with him today and told him I was the moderator of the board and trying to keep everything as clean and honest as possible. I emailed him asking him to call me because there was such confusion (including me) about the o/s, etc. He just called me, so let me address this first and then I will continue to post the other info.
I asked him about the supposed 130 million o/s and to confirm. Remember folks, he is not the CFO and was doing his best to respond as well as he knew. The o/s was 100 million as of this month.
They issued an S-8 of 10 million shares in September which he erroneously added into his responses today. These are employee incentive shares (stock options) that are restricted. But they have been already added into the 100 million as of Nov. 1.
They did issue an S-8 recently for approximately 14 million shares. Half of that is for employee bonuses at the end of the year (which are also restricted). The other half was paid to consultants who they are working with to enter the european market with their product. So, the current o/s between now and the next week or so will be approximately 115 million.
So the additional 15 million, half is employee bonuses which are restricted stock and the other is being used to pay consultants for their entry into the european market. More info to come in a few minutes. Let me take a breather and continue to collect the info from my notes and emails. (Man, you guys are wearing me out! LOL.)
Folks, can you please hold on for a few moments. Let me get my emails and notes together and I will post all the info in a few moments. Just as a beginning, the o/s is not 130 million. I will explain everything from the emails I received a little while ago and my conversation I had with the CEO just a few moments ago.
Received emails from CEO and just spoke with him now. The current o/s is Not 130 million. Let me get my notes together now and post all the info.
I'm not concerned at this point. I would imagine if they are going to increase, it'll be during this quarter as they continue to ramp up sales. They've been extremely careful and wise about diluting and using the money wisely during this year, so I'm comfortable with management's decisions.
The last check I recently made with the CEO, the o/s stood at around 100 million. As mentioned a while back by others, I imagine the o/s will increase to some extent as they ramp up sales, but they've been very careful over the last year regarding dilution and have used that money very wisely. If they were gonig to dilute big time, I believe they would've done it much earlier this year when they needed the funds when they were developing the software and creating the pipeline for sales. Now that they are in full swing, I would imagine there will be some dilution until they are profitable in 08 (as they've stated in the last PR) but it will continue to be controlled as they've done in the past. Hope thats helpful. JMHO. GLTA.
Yes, all of their software is proprietary.
Thanks. It looks like the CEO took some time out of his schedule today to reply to investor questions via email. If you have any questions, I suggest you send him an email. GLTA.
DLAV company quick overview:
- otcbb fully reporting
- proprietary software products recently released that are revolutionizing the car dealership industry
- Exponentially growing sales and market traction
- Rapidly growing opportunities
- 100mil o/s; 35% held by insiders (all restricted) per CEO on 11/25/07
- More PRs to come as they close deals, etc
- Great deal of activity and major company turnaround
- Handheld wireless product being released in February
- Strong management concerned with increasing shareholder value
- Recently engaged IR firm for cash, not shares, so no dilution
- Consistent IR effort moving forward confirmed with CEO on 11/25/07
Lots of great info on the board, ibox, 10Q and the 2 recent PRs. GLTA.
Of course, but they'll be trained. Thousands of customer service reps are trained on this type of software everyday, and they have very little tech skills as well going into it. It's a very simple, streamlined software tool.
Folks, am I the only person delighted with this info? :)
Posted by: investor99
In reply to: None Date:11/25/2007 5:58:42 PM
Post #of 5953
Email from CEO regarding insider holdings.
I received an email reply from the CEO today regarding my question regarding insider holdings. My emailed question:
Can you tell me if insiders are shareholders in the company. If so, are they restricted shares and could you give me an idea of what percentage insiders hold.
Steven Humphries, DLAV ceo, email reply today:
"I would estimate approximatley 35 percent of the company is held by insiders and yes its all restricted."
It's done in practically every industry now, from theatre tickets, to placing orders in restaurants, on and on. They even use hand helds to swipe credit cards, etc. It's been going on for years. Nothing new. Ultimately, every customer service type of industry will use this technology.
I think he was joking.
Exactly, they are the dealerships that DLAV will be targeting I would imagine. The good thing is, the ramp up is seamless as it is all web-based and the initial output in cost to the dealership is very low. A very attractive product imo for dealerships that need to become more tech/internet based in order to grow sales and retain customers. GLTA.
I agree with some of your post (the part listed below), but my opinion is that niche markets are usually the ones the have the most success if targeted properly and have a large underserved clientele.
However, the good news is, DLAV's niche segment is huge and DLAV needs to capture only a small portion of this segment to be in good shape as mentioned in correspondence between the CEO and other board members as mention in previous posts.
Email from CEO regarding insider holdings.
I received an email reply from the CEO today regarding my question regarding insider holdings. My emailed question:
Can you tell me if insiders are shareholders in the company. If so, are they restricted shares and could you give me an idea of what percentage insiders hold.
Steven Humphries, DLAV ceo, email reply today:
"I would estimate approximatley 35 percent of the company is held by insiders and yes its all restricted."
DLAV quick company overview:
- otcbb fully reporting
- proprietary software products recently released that are revolutionizing the car dealership industry
- Exponentially growing sales and market traction
- Rapidly growing opportunities
- 100mil o/s
- More PRs to come as they close deals, etc
- Great deal of activity and major company turnaround
- Handheld wireless product being released in February
- Strong management concerned with increasing shareholder value
- Recently engaged IR firm for cash, not shares, so no dilution
- Consistent IR effort moving forward confirmed with CEO
Lots of great info on the board, ibox, 10Q and the 2 recent PRs. GLTA.
I also received a response regarding my question about PRs and disseminating information in the short and long term to the investment community. The CEOs response is as follows:
there will a consistent ir effort over the next several months as we roll out our new product and have relevant announcements. Thanks!
Thanks for posting that and confirming my conversation with the CEO. GLTA.
One thing is for sure, they have recently engaged an IR firm in order to release information to the investment community. I can't imagine they would do this unless they had a lot of great information to release in the short and long term. I believe last week's PR was just the beginning.
"...we pay our highly reputable IR firm in CASH - and it's quite expensive, but you can see the job they have done the past week."
According to my conversation with the CEO (see ibox for details), there is a lot of activity at the company and they are very excited about their software products and their market traction and exponentially growing sales. It sounds like they will be releasing quite a bit of information shortly. JMHO. Good luck to all.
Didn't trade afterhours, but the ask gapped up to .0194 a few seconds after the close, so may gap up from where we closed on Friday. We shall see. Anyway, I'm watching closely to add to my position. I think the CEO has a lot in store for investors in the short term. GLTA.
Will be watching closely on Monday am as well hoping to add to my position. However, it did gap up after the close, so not sure where this will open on Monday. We shall see. GLTA.
Good question. It sounds like it was very recent and I would imagine they have tons going on with deals and they are probably more interested in releasing information that has a major material effect on the company. Hiring the IR firm may seem like a small thing to the company with all the other activity going on. The good thing is, they've engaged them and that they have only just begun to release some great news.
Sounds like a lot more is coming shortly. Thanks. GLTA.
lorper, the information came to me in an email directly from the CEO, Steven Humphries. He had mentioned to me on the phone that they had recently hired an IR firm. I followed up with an email to him and one of my questions was regarding the IR firm and how they were being paid and had a concern whether it was in shares or not. His email reply regarding the IR firm was as follows:
"Thanks for your concern - we pay our highly reputable IR firm in CASH - and it's quite expensive, but you can see the job they have done the past week."
Hope that's helpful. Thanks. GLTA.
Posted by: lorper
In reply to: fringe_remnant who wrote msg# 5849 Date:11/24/2007 6:41:36 PM
Post #of 5871
where did this info come from, Letter,pr,email,phone call????please advise thank you
this is huge if true
DLAV o/s is 100 million, in the latest 10Q and confirmed with the CEO this past week.
There's a lot of good info out there, you may want to do some DD. Thanks.
Americanbulls.com? LOL. Sorry, but that site is a joke. No offense intended :)
You may want to email the CEO. They may have chosen the nokia770 because it is optimum for their software or the size of the screen. I would imagine they have a licensing deal with Nokia to provide these to car dealerships with the software. So, the dealership is probably provided with the handheld devices when they sign up for a 12, 24, 36 month contract and use it for the purpose of using WebDA on it. Like I said, the CEO would know better than me :) GLTA.
DLAV quick company overview:
- otcbb fully reporting
- proprietary software products recently released that are revolutionizing the car dealership industry
- Exponentially growing sales and market traction
- Rapidly growing opportunities
- 100mil o/s
- More PRs to come as they close deals, etc
- Great deal of activity and major company turnaround
- Handheld wireless product being released in February
- Strong management concerned with increasing shareholder value
- Recently engaged IR firm for cash, not shares, so no dilution
Lots of great info on the board, ibox, 10Q and the 2 recent PRs. GLTA.
Currently the o/s is still 100 million, confirmed with CEO earlier this week. GLTA.
If you look at that chart, it looks like every rising candle is followed by consolidation and then the next rising candle is at a higher base. It'll be interesting to see where next week takes us. GLTA.
Nice. I didn't notice they were right next to Motorola. Nice find. GLTA.
Here's the link to their booth at NADA:
http://expo.nada.org/nada2008/Public/booth.aspx?BoothID=108413
Just a few booths away from the MSFT booth.
If you look at the past several days of trading. We normally have a big run, then consolidation the next day, then another big run, then consolidation the next day. Consolidation is a very healthy thing, especially for a stock rising over weeks and months. Creates higher and stronger bases on the move up. GLTA.