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.
Just saw PR on OTC Markets that DFCO has filed AUDITED financials for SEPT ‘19. Did not see them yet but that is another step in the right direction.
PR also stated DEC ‘19 will be filed within 4 weeks.
Keep ‘em coming!!!
Not surprised with the late filing notice. My guess is the December results will be unaudited. If that is the case I am guessing that we won’t see another audited set until year end financials are released in the fall.
I would agree with that statement for established companies who acquire other established companies with a strong track record. DFCO is not what I call an established with a strong track record nor were their acquisitions. All we have to work with is the PRs. Nothing concrete there
Personally, I don’t think this stock will have any significant movement until mid May 2020. The two acquisitions did not get formalized until after the first of the year. Therefore, the impact will not be recognized until 3rd quarter financials (Jan-mar ‘20) are released in May. I just want to see them post audited financials for Sept ‘19 and Dec ‘19 to show some consistency and that they are adhering to their plan.
So until then just be patient.
If something happens that makes this pop before then, it’s a bonus!
If they file on time, we should be seeing the audited sept ‘19 and Audited Dec ‘19 financials later this week.
Let’s see if those items are the spark we need to ignite this rocket.
One correction to my previous post. The March numbers should be out by May 15, not April 15.
I mentioned last week that the filing with the audited financials was missing the Prakat acquisition. Well there she is. Now need two more things; September quarterly audited financials and December quarterly audited financials with increased revenues. At that point, there should be nothing holding this back. By April 15, when March financials are released, we take off!
I’m ready.
Sounds good to me
Next step is audited 1st q (sept ‘19) financials and then the audited 2nd q (dec ‘19) results in Mid February (if they file on time).
Let go DFCO
Reading through the 10k I see mentioned Likido from the U.K. but nothing mentioned about the IT company on India. Guessing that arrangement did not materialize.
All I want for Christmas is DFCO = $1 pps
If you like P&D like this one, you should check out KALY
The are very similar. All their news releases are out of Dallas.
They are both being covered by Goldman Small Cap (Robbie Goldman) and they both have high current and future valuations with that firm.
I’m looking at the bids stacking up at .06 and higher. Almost 50,000 shares at that level.
Great day!
Liked seeing the high of .06 and a close in the upper .05s
Looking forward to tomorrow already.
Waiting for the shorts to cover and new blood to jump on the ride up
Good week for DFCO
Good week for us.
Nice open
Closing above .04 makes me happy. Looking forward to tomorrow.
Come on shorts. it’s time to cover and push this bad boy even higher
Now we are having some fun!
I was waiting for a press release about the financials for first quarter.
Very disappointed in the content. I was looking for some explanation as to the lack of revenues given the past press releases indicating huge potential for this time period including theirs sales queue and preorders for their new design.
Very disappointed with lack of facts and vagueness of future.
Still have hope but was looking for more than what was delivered.
I am seeing the ask at .038
Do I hear .04+?
Looks like they update the Dalrada precision website.
www.dalradaprecision.com
So...
Where does the next round of buyers come from to push the thing higher if all the genius, intelligent and smart money are already in? Many investors won’t look at OTC stocks.
Institutional investors?
I have never been in a good spot with OTC stocks. So this is all new to me.
Tnc
Go to Otcmarkets.com and look
You will get the answer to your question there
They look like a small software development company.
Dalrada is buying an IT department!
I have no guess as to what to expect.
I started following this stock again after it came back to life back in April 2018 and my old worthless holdings gained some value. I have just been following the PR and hope that what they are saying is true.
If it is true and they come out with good audited financials and grow to be a Nasdaq company someday,
I will make a lot. If not, I don’t have a lot of new money invested in this so it won’t hurt me.
I am just along for the ride and Praying for good audited results.
I would expect unaudited quarterly financials for quarter ended September 30 and hopefully restated Audited financials by year end.
News on OTC.
Trucking Industry. Interesting.
Need more popcorn
60 days worth......
To hold me over until audited financials come out
Still holding my breath on this one
Financial statements posted are UNAUDITED (see table of contents)
More of the same
At least they posted some revenue
Based on their past timeliness with late filing notices, I doubt we will see anything for a couple of weeks yet. The last time they filed a late notice if was for a quarterly report which granted them 5 additional days. 25 days later they posted the quarterly report. This one granted them 15 days for the annual report which should be Oct 12. I am guessing November some time.
I wonder if they will be restating past earnings with audited results at this time .
Once they post audited financials will they shed the pink sheet classification?
Interesting news this morning.
Expect “audited” financials for fiscal year end in the next 60 days.
So Q4/YE results in September sometime.
This is HUGE.
There are two things that I am looking for in the near term:
1) Some PR relating to the Pre orders of their new proprietary machine starting August 1st.
2) Timely financial press releases. If they do not delay, the fourth quarter and year end financials should be released by August 15th. (not holding my breath on this one)
The website is looks good but lacks true content.
A lot of inconsistency in the content. They cant seem to decide if their executive offices are in San Diego CA or Henderson NV. Main website does not link to their other websites.
The dalrada precision site states that they have numerous customers in all sorts of industries that I find hard to believe. Supposedly they have many customers in Communications, automotive, aerospace, medical, industrial and military industries.
Yet their financials show nothing to support it.
Not ready to get excited yet.
Need more than a website.
I hope they prove me wrong.
In March 2019 the company posted this statement:
"Additionally, the company is in final negotiations and qualification processes with five additional multinational companies. If successful, the sales backlog would exceed $10 million in fiscal year 2019."
Since the company's fiscal year runs from July 1 - June 30, what exactly is fiscal year 2019. The fiscal year that starts july 1, 2019 or the fiscal year that ends june 30, 2019?
Just trying to set my own expectations as to when to expect larger revenues being posted.
SPM555,
How many shares do you hold?
What was the final tally of those who disclosed?
I am assuming there were over 2 million held by members of this message board which represents nearly 5% of the total number of shares (47 million).
Bonar has at least 5 million shares himself which is another 10%
Back in the early 2000s. I held shares in a company called Imaging Technologies (ITEC) which traded on the Nasdaq exchange. The stock started trading at some high volumes and I got to the point where I thought I would just cash it all in and run with the profit. I typed in the sell order but never submitted it. That was on Feb 28. On March 1st, premarket, they were delisted from the NASDAQ exchange and I could not trade premarket and just watched the value plummet. As the it went down, i started buying some bigger volume to average down the cost in hopes of a long term turn around. This stock did NOTHING for years. At one point, I held over 80000 shares at a grand total value of $127.00. (.0015 per share)
I stopped using the account that this stock was in and forgot about it. In april 2018, I got a statement in the mail and noticed that this stock started trading again and reached a total value around $1600. I was shocked.
I've been accumulating since then and bought some blocks in the .01s, ,.02s and .03s. Total accumulation in excess of 300,000 shares. At this point, i have my seat belt fastened and am ready for take off.
No selling here.
Hoping this thing and grow and get over $1 and starting trading on the NASDAQ again and then who knows what would happen.
You’re killing me smalls.
Pre/post market bid and asks are irrelevant.