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Re: greatwhiteshark post# 12911

Saturday, 10/20/2018 11:11:54 PM

Saturday, October 20, 2018 11:11:54 PM

Post# of 14986

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."



Thank you. I bear no malice towards those who have this fetid, spoiled DCLT trash in their accounts or in cert form. Indeed, they are the victims in this pennyscam.

The miscreants and crooks very deserving of the derision I direct at them are the two 'management' (mismanagement) clowns in the DCLT scam, ReclinerTimmy and GibberishGary (a/k/a GobbledygookGary) and the director, FlushDaJohnSchafer.

Indeed, the scurrilous vermin who appear to have spearheaded the 2013 pump & dump of DCLT seems to include FlushDaJohnSchafer, who still remains as a director along with ReclinerTimmy - the only two directors of the DCLT pennyscam.



As stated previously, DCLT is nott suitable to be a public company, it ought to be a private close corp held by ReclinerTimmy, GibberishGary, FlushDaJohnSchafer, and two others from Waterfront Ventures, LLC/JLS Holdings, LLC.

In effect, DCLT is THEIR private elderly and fading cash cow that serves to bridge ReclinerTimmy to Social Security eligibility age (he hopes!).

When that's done, these guys control the majority vote and they can then do whatever they want with the dead carcass of DCLT. One route I've seen just recently in another 1 or 2-man income shop is to quit filing financials and in 2-3 years the SEC will send them a notice of revocation, they can chose nott to respond or send a letter acquiescing to the revocation and voila, the company is taken private just by that. This happened just this month in another pennyscam turd, MYEC, that is controlled by a dude, much like ReclinerTimmy, just using the biz as a source of salary, benefits, retirement plan, and travel/vacation munny. The heat gott badd when a court case showed that he used company funds to buy four expensive properties, including the house he lives in, with company money butt titled the properties to his personal trusts. Then he decided going private by SEC revocation was the way to close the curtain and still keep his munny coming from any revenue the corporation getts, if any, without inciting the shareholders to sue him as they still kept shares, now in a private company with no reporting obligations to anyone, as a reason nott to rock DaBoat, ever hoping for the hopeless that their shares wood someday be worth something (they won't).

Whilst I don't know if anything similar to the real estate embezzlement in MYEC has occurred in DCLT, I wood note that FlushDaJohnSchafer's background and LLCs have strong real estate backgrounds, so who really can say where the munny all winds up? With all the accountancies that recently have been sanctioned and banned by the PCOAB, I woodn't trust any audit nott done by a Big Four firm.

In any case, real estate or nott, DCLT is just a home-based part-time biz to tide ReclinerTimmy over to Social Security and as a source of side-income for GobbledygookGary, and as a future shell/playtoy for FlushDaJohn when ReclinerTimmy is eligible for his MediScare and Social Security.

ReclinerTimmy's anti-scorbutic pizza - today's fare at DCLT HQ - a/k/a Casa de ReclinerTimmy