Data Call Technologies (DCLT)

[greatwhiteshark]

Let's also not forget about the first 10 years of this company and who was running it. In order to burn thru $10M, you have to have $10M. And where do you get $10M for a start-up with no business plan, no product and no customers? Thru an IPO and selling shares to little old rich men and women for 10 cents a share. Oh, and if you're so dirt poor/mis-managed/stupid that you can't hire or maintain good employees, what do you do? You pull of a bunch of stock from the DCLT toilet paper roll and give them that as "compensation" promising that they will be rich some day. And at 10 cents a share, a million or so shares looks pretty good until you realize that a) it's trading at sub-pennies and b) it's so bad that no broker (Ameritrade, E*Trade, et al) will not even let you open an account with your "compensation."

And as much as I hate to admit this, shajandr is correct. This company is now just an income stream and retirement plan to the CEO/COO and the CFO. They hold all the meaningful stock in the company and when they do decide it's been milked for all it can be, they P&D the hell out of it for one last "bonus."