Friday, April 14, 2017 12:10:50 AM
The company has reported it's financials since (and including) the last 10-Q on the basis that the 1 for 30 reverse split was done in September, 2016.
So the RS is already done.
HOWEVER, Recliner Timmy has never gotten FINRA to process the RS, so no new CUSIP shares were ever issued and the quotes for the ticker do NOT account for the RS.
So, DCLT is in a strange netherworld where the company presents financials based on a done-deal 1 for 30 RS, yett the quotes for the ticker do NOTT account for the RS because FINRA hasn't processed it, even though the company asserts it was done in September 2016 before the quarter closed.
And the company CONtinues to lose munny and pay salary and bonus to do-nothing Recliner Timmy Vance as he watches The Golf Channel all day long.
DCLT has very possibly the WORST, LAZIEST, LEAST-COMPETENT CEO of any pennyscam ever - and that is saying a lott, since there are some really atrocious CEOs in pennyscamland.
The SEC ought to suspend this penyscam for nott having current CORRECT information in their posted financials, as the company has failed to disclose the discrepancy between the financials presented on the basis of the RS and the PPS and FINRA information which does NOTT account for the RS.
Many people are obviously confused by this and it is causing CONfusion in the market - a key reason for a trading suspension.
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