Daniels Corporate Advisory Co Inc (DCAC)

[Power of Emouna]

Food for thoughts!

From the 10-Q:
We have never paid, and have no intentions in the foreseeable future to pay, any cash dividends on our common stock. Therefore an investor in our common stock, in all likelihood, will only realize a profit on his investment if the market price of our common stock increases in value.

The paragraph above refers to a payment of CASH dividend.

From Feb 18 PR:

NEW YORK, NY--(Marketwired - Feb 18, 2016) - Daniels Corporate Advisory Company, Inc. (OTC PINK: DCAC) ("the Company") is pleased to announce its inaugural convertible preferred stock dividend for the shareholders of record as of April 15, 2016. "One of the critical ingredients to being successful when building equity is to be able to quickly adjust where needed to take advantage of market conditions and opportunities," said Arthur D. Viola, CEO of the Company. "This is why we're issuing the Convertible Securities -- we're seeing a need and moving swiftly to fill it. Stockholders will receive one (1) Restricted Preferred share of Daniels Corporate Advisory Co. Inc. for every 100,000 shares held as of Record Date April 15, 2016. The Company will also issue fractional shares to our investors as we realize that some may have purchased less than 100,000 shares during this period." The pay date for this dividend is May 15, 2016.

This paragraph refers to the issuance of preferred STOCK dividend.

Perhaps we are confusing CASH dividend VS STOCK dividend and after all everyone will receive the STOCK dividend on May 15?

$$$DCAC