Monday, December 10, 2018 9:59:15 AM
https://seekingalpha.com/news/3246691-trucept-names-norman-tipton-ceo
Bonar's Linkedin profile: https://www.linkedin.com/in/brian-bonar-a123136
Bonar also has made a big name for himself in the restaurant business and I've found countless articles singing his praise in that avenue.
https://www.google.com/search?safe=off&client=firefox-b-1&biw=1390&bih=634&ei=aVr_W6LRMKG7jwSxio3wAg&q=brian+bonar++restaurants&oq=brian+bonar++restaurants&gs_l=psy-ab.3...18729.18729..19125...0.0..0.66.66.1......0....1..gws-wiz.nWwhjS-w_8M
Now that Bonar has retired as CEO of Trucept, I think he's finally giving his attention to his once pet project over here. He's technically been CEO of Dalrada for nearly 20 years however I get the impression they went dark a while ago and it's sat on the back burner for years. Something is up though, now that Bonar has time on his hands. The move to get the company current was the first sign of something brewing here and that's not a move a company would make for no reason. I guaranty you that all the fees to get current after years of not filing were not cheap.
If you piece together the few press releases that have come out since the company has become SEC current, you'll see the puzzle start to come together. Probably the most interesting bit of information that I've come across is $DFCO's president. His name is David Pickett and he's the COO of a semi-conductor company which trades on the Nasdaq ($LASR). As of today (11/28/2018) the company trades with a market cap of over $700 million and not too long ago it was trading with a nearly $2 billion cap. To put it simply, an officer of a company with that sort of pedigree would never mess around acting as the president of an OTC company with a market cap currently well under $1 million dollars without a damn good reason. If he is on board along with Bonar, I have to strongly suspect good things are on the horizon.
The share structure here is absolutely pristine. The O/S is 47.3 million and the float is 38.8 million, with Bonar owning 5 million shares himself. You can reference the filings going back years and you'll see the o/s or float haven't changed a bit.
The most recent press release spelled out what sort of imminent upside the company is looking at.
https://www.otcmarkets.com/stock/dfco/news/Dalrada-Precision-Inks-100K-in-Purchase-Orders?id=209025
So according to that last PR the company is anticipating revenues of upwards of $10 million in 2019, and keep in mind who is making that claim. Of course any OTC CEO or president can and does make outlandish claims which often prove to be smoke being blown up our tail pipes, but Mr. Pickett is not your typical OTC president. His status as COO over at Nlight, which is essentially 1,000 DFCO's wrapped into one if comparing current market caps, adds a level of credibility rarely seen in the OTC world. When a guy with that sort of clout makes those sorts of statements and is on board with a tiny fledgling OTC company like this, I listen.
Between the company getting current, the management on board and the story being spelled out via their press releases, there's a lot going on here on the surface. The proof though is in the pudding, or in this case in the chart. With that much going on, you would suspect that smart money has been loading the boat. Right? If that were the case, the chart should reflect that sort of subtle underlying strength and should indicate accumulation has been taking place. Right? Well that's exactly what you'll see if you look at a 10 year chart for $DFCO.
The company going current in early 2018 sparked a huge rally which broke the price out of a 9 year trading range. Since then the stock has consolidated with textbook perfection above that old trading range. Now the stock has been building a new base above the old one and is only a modest move away from breaking it's current resistance in the upper .02s and from there it's on to a new 10 year high breakout. The beauty of this chart is that it's strong and bullish as it gets, yet in OTC terms it really hasn't even ran much yet. It had that one big spike and has since cooled off and settled down with nearly a year of consolidation. The big boys cleared out all of the shares under .01 a long time ago and now they're nearly finished taking all of the sub .02s as well. My opinion is that this chart below shows that the vast majority of the float is locked down and if you watch it trade and follow the L2s it will only confirm that theory.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=dfco&x=43&y=12&time=13&startdate=1%2F4%2F1999&enddate=12%2F16%2F2013&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=50&uf=0&lf=1&lf2=0&lf3=0&type=4&style=350&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=15
Recent DFCO News
- Form 8-K - Current report • Edgar (US Regulatory) • 02/26/2024 07:39:08 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/20/2024 01:18:05 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/14/2024 10:19:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/08/2024 11:25:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 02:51:49 AM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 10/19/2023 07:57:47 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/12/2023 09:06:37 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/06/2023 12:01:32 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 09/29/2023 11:53:53 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/22/2023 09:23:22 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/05/2023 06:45:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2023 08:15:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/08/2023 08:13:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/13/2023 11:59:05 AM
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