I have been out with the flu and just getting caught up at work too, so just now getting back to the board.
All this info on proppants and the need for continued supplies and drilling is well and good, but so far I do not see how it helps investors in DDCC one bit. DDCC has yet to generate a single dollar in revenue from operations. And this is after numerous PRs stating that barite is being contracted, the Translock is in development, etc. Not a single dollar from sales of supplies, or leases for this supposedly fantastic logistical game changer Translock. Selling supplies does not help DDCC if DDCC is not the one selling.
I have no intention of selling. I will either lose everything I invested or the company will eventually find success and take off. My complaint is that DDCC is supposed to be a fully reporting company, which means that they should report the bad as well as the good. These ideas that they CANNOT tell investors anything is total crap. They do not WANT to tell us anything because something bad happened. The barite may have failed quality specs or just vanished into thin air or something. The Translock, like the oilfield supplies side of DDCC seems to be in perpetual development, never really doing anything. DDCC can tell investors anything pertaining to operations at any time, they just do not want to. Projects get delayed in any business, but when no PR is issued stating that the project is delayed instead of a complete failure, it is very suspicious. It is starting to look like the barite is a complete failure, not a delay. And the barite contract was supposed to fund operations. Now what? How many shares can management return? And if I was management I would certainly rather return shares to the company to pay a lost lawsuit than have a judgement against me personally. Just a thought you know.
Every PR, 10Q and 10K that DDCC issues states that there are numerous projects in development. It has gone on for years. There is no possible way that it can take that long for projects to be developed. Skyscrapers can be built in less time. It cannot take that long for 200 metric tons of barite to be delivered, tested and either approved or rejected. There is something going on that management does not want investors to know about.
Everyone here can believe what they want, but personally I am losing all confidence in DDCC management.
