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Could very well be the case. I think a lot of folks here weren't really banking on them making their due date. We are getting closer each day...
Looks like Bonar's buddies want more shares. 500k on the bid now.
Exactly. Companies stretch out any sort of deadline, and often times go over their stated timeframes. Try to stay patient here, even as the interest here has gone completely dormant.
added another 100k here at 2. Fire sale, get 'em while they're cheap.
Very well said, sir. Even playing devil's advocate, it's hard to justify any reasoning that this thing isn't the real deal. It's a shocker that so many are still sleeping on this. When it wakes back up with a PR or nice Q numbers, we likely will be having Christmas early this year.
That's the plan here. Hoping to ride out a big chunk for as long as possible.
This is just noise at this point. I could hit the bid with 100k shares, and it would destroy the pps. But the overall picture here is still exactly the same as it was when we were trading in the 3s and 4s. There has been zero distribution except 1 or 2 impatient holders that needed some freed up funds. That's totally fine and even healthier for the future run.
And how "Lord Bonar" is benefiting from this is just beyond me? Makes no sense for a CEO that is compensated on a high share price.
Incredible value down here. Market cap of a million is silly... Just wait til dumb money starts piling into this stock. It will be a substantial correction move. Good luck to all trying to get fills down here... just means stronger hands of an already locked up float.
Just read the filings, control F is your friend...
https://backend.otcmarkets.com/otcapi/company/financial-report/229019/content
Certain moderators are deleting lots here.
No one knows, but that is the speculation here. Uplisting would certainly do wonders for the pps... Bonar and his gang seem to be getting all their ducks in a row for something of large scale.
From the PR Aug 1st:
"Within the next 60 days, Dalrada plans to file its audited financial statements for the year ending June 30, 2019, and has called upon dbbmckennon to perform an extensive review."
https://www.otcmarkets.com/stock/DFCO/news/Dalrada-Financial-Corp-Enlists-dbbmckennon?id=235954
We should see audited fins by OCT 1st. Now, we just sit back and wait.
What a great day here! Total rejection of yesterday's seller that wanted out. Slim pickens on the way back up.
There’s no merger here. Bonar has nothing to do with APR0 any more.
https://www.otcmarkets.com/filing/html?id=7586054&guid=NfhIUq34plU2G3h
Slowly but surely we are recovering from yesterdays's long bailing. Think this action is great to get things shaken up and moving. Great buying opp... Looks very thin on the way back up. Great start so far, and exactly what you want to see after a big down day.
Some smart money saw a great opportunity to buy a bunch of cheap shares. News is coming before Oct 1...
This is a great time to add to positions if you wants shares in the 3's...
Patience mi amigo. It's day is coming. Until then, just sit back and relax. Something this mispriced for this long typically snaps up pretty hard. Just remember the big picture at hand...
You do realize it is $36 thousand, right? Next Qs should be substantially greater.
Getting more qualified folks in this implies something big is in the works. A little more patience...
Today's news is probably the most encouraging news we're received so far. Give us a few more hints regarding revenues, we inch higher in the meantime. Then sometime in Sept, we get hit with AUDITED financials displaying revenues, and we are off to the races. This gives me more time to add to my nice collection.
Bonar sure is doing things right. Laying out all the pieces to this puzzle very systematically. A little buying pressure, and this thing erupts in magnificent fashion.
The price tag on some of these extraction machines is substantial. Having a machine that processes 10x of any of these would be pretty incredible!
https://www.analyticalcannabis.com/articles/a-guide-to-cannabis-extraction-equipment-and-machines-311552
Solid day today. I think we will start seeing bids grow as our visibility increases through various avenues.
I agree that a PR with some indication of revenue stream, ie POs or pre-orders would be great. I don't think we see pre-orders for this machine for a while, but I certainly could be wrong. I think news pertaining to something other than the CBD side seems more likely. I personally would love to see some updates on early PRs of purchase orders.
It's very exciting seeing this company awaken on all fronts. So, now we have an active FB/Twitter going. A little more patience here... I know it's rough waiting as we all know the potential here in this play. But keep holding tight. It will be well worth your patience.
I believe last night the address listed was in San Diego, but they did some last minute editing of a few other things that needed fixing.
You have to take a step back and realize what all has happened here over the past year plus. The fact that Dalrada has gotten to the point where it's at right now is pretty incredible. They have revenues. Yes, the numbers are not amazing, but they are numbers. The websites are new and updated. We have PRs showing potential for much higher numbers, which likely won't show up until Q4 numbers are released. Our market cap is still tiny, and now we have THREE arms that will bring in $.
I honestly am baffled why this is still so under the radar. I don't get it.
In case you missed this, it is helpful to glance at it for reference (need to add a new arm):
https://chartdiligence.com/wp-content/uploads/2019/06/DFCO-as-PDF.pdf
One of the nicest charts in the OTC, and it's completely under the radar. Watch out above, we appear to be lifting off...
The float is so locked up it's scary!
The site does look great. Doubt the news will be enough to get us there today, but it should help maintain the support. I'd love to be wrong though!
That's exactly right; we need a new, fresh batch of buyers to step in and take us into the 5s. Not sure what it'll take. Maybe a couple people read up on some DD or there's a PR that gets us rolling. Who knows, but the volume has died off almost completely, likely signalling the end of this consolidation phase.
I added a few more today from an impatient holder. Guys and gals, this is going to be massive. There have been basically 130 million shares traded since the original breakout. The float remains a measly 38 million, so we have rotated that float almost 3.5 times. Judging from the price action, we have some very strong and patient holders that aren't going to bail at this point in the game. It's rare to see a stock hold this strong for this long with as little volume as it's seen recently. Typically, when stocks lose volume they drift down into an area that is enticing for buyers to grab shares. But this isn't happening here. It's truly incredible.
There is a lot going on behind the scenes. Bonar and team have been working to get this ready in a very systematic way. He is also doing it correctly. We have 2 websites that appear to be done very professionally. And it appears there is a 3rd arm to the business as shown here: https://www.dalrada.com/our-business
I'd expect a PR with announcement of any of these things. And the association with the IR firm as SFR pointed out... Good things are coming for the patient longs.
I'm not expecting you to be impressed with anything this co does. I was just responding to your saying you didn't know what CYN does. I think it's fairly straightforward.
Straight from the PR: "CYN Precision Enterprise, owns five sophisticated computerized milling machines and expert operators. In business for 10 years, it has traditionally sold to a local Malaysian market, and the sale will allow it to reach customers worldwide."
"We predict this will increase revenues by $5 million to $7 million per annum,"
I'm ok with that. What else?
Thanks for posting SPM. Yes, please share anywhere/ with anyone!
Has anyone noticed DFCO is now Pink Current? Yield sign is gone:
https://www.otcmarkets.com/stock/DFCO/profile
Whoever is painting the stock with these tiny bid hits is going to be very disappointed when their brilliant tactics don't work for a stock this strong.
You're digging deep aren't you? It's nice to see some bears here, but the info you are providing is ridiculous. Go back through the PRs over the past year, and I bet you can figure out what the business plan is. I'm sorry if you cannot.
Have you read page 3 of the latest quarterly report? Look under “Total Current Assets.” You’ll find that it says “Advance to Solid Precision.” So I would disagree with your comment on having nothing to do with the business.
https://backend.otcmarkets.com/otcapi/company/financial-report/222994/content
3rd Q results PR'd today, but I don't think they are posted yet. Not on OTC.com yet.
Link to PR:
https://www.prnewswire.com/news-releases/dalrada-financial-corp-posts-third-quarter-results-300864140.html