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Thanks for reminding me but hear me out -
It's hard to focus on the long term when you have:
1. Compensation/Expenses being paid out with no receipts to the tune of more than $250,000 and the company has no sales. So the only other place for the money to come from are the investors, right?
2. The company issued a letter to shareholders stating that they intend to do a reverse split and also authorize more shares.
3. The company stated that the stock price will rise when they authorize more shares when we all know the opposite to be true.
4. ProfitScout posted this reply from Tricia Oakley -
Thank you for your e-mail today regarding the current proxy notice for Double Crown Resources. In response to your question, this proxy does not contain a reverse stock split. The mention of this issue in the proxy was unintentionally included as part of standardized language commonly used in the preparation of proxy statements by many companies. Now that this issue has been brought to our attention by you and other shareholders we will take action to issue an amended filing removing any mention of reverse stock splits. Hopefully, this should clear up any shareholder concerns. We do apologize for any confusion on this matter.
Thank you again for contacting us.
Sincerely,
Tricia Oakley
Corporate Secretary
She stated that the mention of a reverse split "was unintentionally included as part of standardized language commonly used in the preparation of proxy statements by many companies. Now that this issue has been brought to our attention by you and other shareholders..."
And so, what are they doing?:
5. Copying and pasting verbiage from the proxy statements of other companies,
6. filing and posting them as legal documents without proof reading them first,
7. giving us misinformation after 4-5 months of no information,
8. Claiming that the shareholders brought this so-called misinformation (that happened to be buried on the last page of the document) to their attention and it was a surprise to them.
9. This so-called misinformation should have been caught by the Secretary, the CEO before he signed it, the other board members who voted to issue the proxy before it was issued, and the Adviser that they claimed they are consulting.
10. this company has gone from Gold to Barite Ore to Transport containers all within two and a half years.
11. Double Crown Resources Becomes Authorized Dealer for American International Sealing, New Contracts for Fracking Products Already in Development March 26, 2013, Double Crown Resources Signs 5 Year Agreement for High Grade Barite Ore to Supply Petroleum Drillers (Marketwire, Tuesday, Apr. 16, 2013), Double Crown Resources Announces Master Purchase Agreement for Large Scale Mineral Shipments, Lease of Strategic Mineral Processing Plant and Commercial Launch of New Aggregate Material Transport System (Businesswire, Wednesday, October 23, 2013), all of these agreements never netted a dime and was never mentioned again. They all disappeared into the BLACK HOLE in a galaxy far, far away.
12. And Lastly, We got more video coming from a Retired Quarter Back but we are not quite sure how it benefits the non-existent sales.
So forgive me, forgive me, please forgive me if my faith was shaken, common sense kicked in and I got nervous.
Dang. They didn't read it before they signed it, filed it and posted it? Wow...what's that about?
I spent the last several months systematically selling all of my shares. Once I discovered how much the top board members were being compensated without any sales, I knew that sooner than later, they would continue their thievery, do a reverse split and authorize more shares.
A reverse split followed by authorizing more shares takes all of the shares Double Crown exchanged for capital from private investors and makes them worthless. It takes the shares won by Synergy and makes them worthless. Lastly, it dilutes your shares and makes them worthless. They will reverse split first, then authorize 1.1 Billion shares which will turn every $10,000 into $500 thus restructuring their debt and their balance sheet.
What happens to your money? Simple. A reverse split followed by authorizing more shares takes all of the money and transfers it from the owner of the stock into the hands of the company. That is how they will raise capital to the tune of $4 Million...ALL WITH THE STROKE OF THEIR PEN.
...and no one can sue them because the shareholders voted for it. All "Proxies that are not received are counted as a Yes."
Read Page 25 and get out while the getting is good. At least it won't be a total loss.
It looks like Synergy Natural Resources got $540 million in December 2014 to fund the leasing and building of their Pass Box containers http://passboxglobal.com/ while Double Crown Resources - after copying the Pass Box design from Synergy during their brief relationship in 2013 - have secured no financing that they were supposedly negotiating on July 2014's announcement. If they were the only game in town, I would understand. But synergy is already fully funded and has $50 million worth of their Pass Box containers already floating around.
So all of the news about Oil, Natural Gas, and Re-fracking that everyone keeps posting, seems to be great news for Synergy who is positioned to capitalize on the demand while Double Crown Resources is not even in the game. In fact, Tricia Oakley just sold 13 million shares to raise $65,000 on 2/24/2015 for what I can only speculate was to keep the lights on and the answering service working in Houston, while Synergy in all of their glory is making sales, manufacturing containers, filling contracts and has a presence on three continents.
No announcements from Double Crown Resources in 5 months means two things...No Money and No Sales.
I guess the black Double Crown shirts on the website are not raising enough money either.
Any real information they give would be insider trading. Either you have the stomach for it or you don't. If you don't, sell your shares. If you do, then please stop whining like a sore tail cat.
I'll take $32 per share.
LOL! I hear ya.
I sincerely hope this stock doesn't pop until March or so. It will allow me to accumulate more shares.
Investments are seeds, planted with the hopes of multiplying your assets at a later time. You almost have to plant it and forget about it for a period of time...more or less.
We have to consider what we're dealing with - Large companies with processes and systems.
Say if they like the Transport Demo. 1. They have to go back and report to a board or CEO. 2. if approved, then A budget has to be allotted for it. 3. The budget has to then be approved. 4. The delivery has to be planned and then approved. 5. A test order is usually done before a contract is signed. and after all of that 6. after the order is fulfilled, it usually sits on the account receivables for 30-60 days before a check is received to clear the balance.
Patience is in order...unless Double Crown moves to steal our money by diluting shares. If that happens, I'll be jumping overboard like the opening scene of Saving Private Ryan.
I had a dream that this stock will take off. I also prayed about this whole thing with DDCC - I didn't get an answer but I got peace about it. After thinking long and hard about it - I concluded that we walk by faith and not by sight. I just can't be moved by what I see or the fear of the past repeating itself. I decided yesterday to buy back some of the shares I sold and will do my best to put every extra dollar into it.
I learned a long time ago that in order to succeed with investing I have to be capable of thinking independently. After the news of late, most people would sell or wait to see what happens. I'm not going to follow the crowd, I'm an independent thinker...I'm going to buy......and trust that what I saw in my dream was a heads up from The Lord.
The SEC is a joke. We contacted them regarding John Antonio - CEO of Wellstar International (WLSI) who did a reverse split twice, diluted shares and made off with $16 million of shareholder value. I was left with 23 million shares worth .0001 that I couldn't sell because the Ask and Bid never moved above 0.0000. We gave them the address and ...Nothing. The SEC just went away into a black that no one could find. I believe they don't have the budget to pursue matters below a certain dollar amount.
Nevertheless, the idea that I can buy so many shares into a company I believe in is what continues to attract me. But when they hint that they will dilute shares to raise money - I get nervous because they take the investor's money and give us nothing in return, no interest, no debt security, corporate bond...nothing.
I think the statement that they need to take our money to raise capital is what spooked me. See page 17 under Liquidity and Capital Resources.
Also, whatever became of the two barite orders that were on the August 19, 2014 announcement? According to the announcement both shipments were planned for the month of September. Well,--- September came and went.
Double Crown Misappropriated the PassBox design and technology. In other words, they stole it. They have no facility in New Orleans or Slidell. I've been through this before with WLSI - Wellstar International. Showing pictures and making promises that were not true. At the end of the day, they did a reverse split and stole our money. My $23,458 became $100 and the company, website with its sketchy owners disappeared into the Cosmos.
go ahead and thank me.
http://finance.yahoo.com/news/double-crown-agrees-pay-synergy-130000011.html
I think they just blew up. I dumped my shares this morning.