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Why would someone buy $30,000 in a no bid stock that just went up, then back down in a few days? Last few times I saw that it was because of a buy back. The RS was canceled.
A buy back fits. I might be wrong. But it does fit.
380M Vol!!! 2s on the bid!!! It has to be a buy back!!!! I've seen it before. My opinion, but it has to be!! 350M vol in 15 minutes!!
263M vol?!!
148M vol?
That's what I feel. No RS implies something else and this company needs share reduction. I think buy-back personally.
Last time I was in a 0001 stock that cancelled a RS, they announced a buy back in about 2 weeks and stock went up 1300% in days. Not saying that's gonna happen here, but when you got a few billion OS, it's the only way to drive up PPS. Just throwing it out there.
I know someone's gonna come back with "how can you buy shares if the companies broke with xx dollars?!"
Not like there's new leadership experiences in raising capital taking more active rolls in the background or anything...
It's gonna be fun
There is a lot of info from a lot of sources that describe Orfanos as "appointed" CEO. Maybe there is shifting of authority happening now between "current" CEO Viola and "appointed" CEO Orfanos...
Here's what Morning Star said about Bruce Blechman
Bruce Blechman, Chief Financial Officer
Biography
On February 21, 2017, Daniels Corporate Advisory Co Inc announced that Mr. Bruce Blechman appointed as Chief Financial Officer of the Company. He is the author of The Secret to Getting Money in Northern California and co-author of the best-selling book. Guerrilla Financing, published by Houghton Mifflin in a number of languages and used in college courses nationwide. He has been a national columnist, author of the monthly column, Creative Financing in Entrepreneur Magazine and host of the New Venture Money Show' on the Business Radio Network, as well as a guest on numerous radio and TV programs. Articles about him have appeared in USA Today, The Los Angeles Times and other national publications. He graduated in the top quarter of his class at the Wharton School of Business at The University of Pennsylvania and has taught courses on Entrepreneurial Finance as an Adjunct Professor, was a mentor in the Wharton Business Plan Program.
I thought Viola was CEO. Its not. Its Harry Orfanos. I bet he has much to do with decision to not RS and get current. I also bet more great news is coming. This was copied from Reuters under the header:
Daniels Corporate Advisory Company Inc (DCAC.PK)
Orfanos, Harry
Mr. Harry J. Orfanos serves as Chief Executive Officer of the Company. Co-founded Magellan Global Fund, a multimillion dollar global hedge fund investing in BRIC private companies and taking them public. Prior to MGF, he served as Vice President of Capital Markets with Cornell Capital Partners, a $1 billion New Jersey-based PIPE fund which focused on investing in micro-cap publicly listed companies. Prior to working at Cornell, he worked at Sepulveda & Smith Securities as the Director of Private Placements. At Sepulveda & Smith, my responsibilities included originating, structuring and brokering private transactions. Prior to Sepulveda, he was a Vice President of Corporate Finance with Zanett Securities, a $250 million New York-based PIPE fund which focused on investing in small to mid-cap public companies. Prior to Zanett Securities, he was an Institutional Equity Sales Trader with Santander Investment Securities in New York. He received his B.S. in Finance from New York University.
You are right. I didn't catch that. This is what Bloomberg says on the man.
Harry J. Orfanos
Chief Executive Officer, Daniels Corporate Advisory Company, Inc.
Background
Mr. Harry J. Orfanos serves as Chief Executive Officer at Daniels Corporate Advisory Company, Inc. Mr. Orfanos is a Co-Founder of Magellan Global Fund, LP at Orinda Advisors, LLC. Mr. Orfanos serves as the President, Chief Financial Officer and Secretary of Spectrum Acquisition Corp. He co-founded Magellan Global. Mr. Orfanos served as the Chief Executive Officer and President of China ShouGuan Mining Corporation until May 27, 2010. He served as Vice President of Capital Markets with Cornell Capital Partners. Prior to Cornell, Mr. Orfanos served as Vice President of Corporate Finance with Zanett Securities. Prior to Zanett Securities, he was an Institutional Equity Sales Trader with Santander Investment Securities in New York. He serves as a Director of Meridian Acquisition Corp. Mr. Orfanos served as a Director at Union Pacific Resource Group, Inc. since April 2007 and Crater Mountain Resources, Inc. since April 20, 2007. He served as a Director of China ShouGuan Mining Corporation until May 27, 2010. Mr. Orfanos received a B.S. in Finance from the New York University, Stern Scholl of Bus.
Where was it stated that he resigned? I have not seen any information that even suggests that.
If they were smart they'd do it very soon while there are a lot of eyes on this stock
I bet we start seeing the stair stepper next week
And we're on most of the other boards too!!
Viola has a subdivision of Daniels. See below from Linked in
CEO - Senior Creative Strategist - Start-Up Development
Company Name
The Daniels Companies of New York.
Dates Employed
Nov 2013 – Present
Employment Duration
•3 yrs 10 mos
Daniels Logistics, Inc.
Structured and Managed the launch of a new start-up subsidiary of Daniels in the Logistics and Supply Chain Management Business Services sectors of the Economy. Brokering in Ocean Freight Containers, Rail, Trucking and Warehouse with computerized Inventory Control for the small domestic shipping. Client is offered cost-effective outsourced opportunities for expansion of client product Sales in NYC Tri-State Area Markets through a very specialized in-house sales managment team. Logistics Subsidiary operating at a profit level rate since inception November 1, 2013 that equates its fair market capitalization value to $6 Million. Entering next phase of development; active review has commenced of partnership inquiries from Logistics Brokers in Regional Hubs, of Miami, Gulf Coast, and Los Angeles, with more additions sought. Deal Structure includes free trading public stock in the parent company available; each working partner can continue to grow his/her business and benefit from the arbitrage value between a public company (valued at 2 1/2 X) versus a private company in same size/industry segment, (valued at 1 X).
Senior Executive Oversight Management on all subsidiary investments. Consulting Operations Director, for Creative, Market-Planning/Expansion /Capital Formation Corporate Strategy Projects. Review of all client projects and co-investment opportunities in the future development of the most promising clients. Our client base consists of predominately mini-micro-cap public companies.
Daniels Corporate Financial Advisory Co. Inc.
Senior Executive - Deal Structure & Execution
Company Name
Daniels Corporate Financial Advisory Co. Inc.
Dates Employed
Mar 1998 – Present
Employment Duration
•19 yrs 6 mos
Partner in Charge of specialties attained through 20 years of experience in Corporate - Large and small - enterprises and entrepreneurial ventures. Fundraising - Venture Capital/Private Equity added to help implement advisory suggestions. Hands on approach, - consultancy includes - study, due diligence, determination of best growth path and the implementation of findings through interim senior management positions and presentations to institutional funding sources. LBO/MBO for accelerated growth. Accomplished in all phases.
Arthur D. Viola is chairman, chief executive officer and a director of Daniels Corporate Advisory Company, Inc. since September, 2002. In 1981, Mr. Viola founded The Viola Group, Inc., a New York based public company which acquired, and managed private companies. During 1999 – 2000, Mr. Viola sold off the manufacturing assets of The Viola Group, Inc. to merge the publicly-traded entity with a telecommunications concept company called DataMeg Corp. The timing of this transaction came at the height of the IPO boom in the Telecommunications Industry. Mr. Viola structured, negotiated and helped finance the transaction which included a forward stock split for original shareholders (of four years) that resulted in a 900% ROI. From 1990 to the present, Mr. Viola has served as senior partner of Daniels Corporate Advisory Co., a New York based private company that advised and helped grow small public companies.
The 8K on 2/22/17 lists these guys joining the company:
Mr. Harry Orfanos will become Chief Executive Officer and Mr. Bruce Blechman. the Chief Financial Officer.
But www.danielscorperateadvisoryco.com/team lists:
Dr Avl Hauser and Andrew Cossen
Can someone fill me in?
If they're busy, I doubt they go on Twitter much. Maybe email or call...
1/4 of a billion shares so far this morning
Basically 10:1
193M vol so far this morning!!
We're on Most Posts and Most Active boards. I bet we hit the break out board tomorrow morning.
Just a thought, but last time I was in a stock that cancelled an RS, they started a buy back and it went up 1300% in 2 1/2 weeks.
Said no one else ever...
We're on the Active Board. Bet we hit the other boards tomorrow.
Today's volume will attract a lot of attention. Especially so close to EOD. I bet we touch 4s tomorrow close.
Look how big those buys are at 2!!
I've never seen that!! 1B+ in a day? Yes, but never that fast!! That's a record
36M bid 2s: 118M ask 3s
Wow. Looking great now!
What the F###?! Almost a billion volume?!!
No this thing fell hard. Today didn't fix it...
Wow. Really kicking myself in the ass for buying this thing...
I got some money stuck in this turd. How's she looking these days?
Well I've taken enough of a beating from this thing. I'm throwing in the towel. They need to rename this ticker DETH...
Well easy come easy go...
What RS?
More 2s than 1s today. That says more than any post I've seen in weeks!!