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Wednesday, January 02, 2019 12:53:46 PM
Covington, Louisiana
https://www.truckpaper.com/listings/trucks/for-sale/list/?PCID=2001884889&dlr=1
Long Beach, Mississippi
https://www.commercialtrucktrader.com/dealers/Pay-Less+North+Shore+Wholesale/5000001295?dealerid=5000001295#
There are just under 70 trucks between both listings, at about an average of $50,000 per truck. 70 trucks x $50K/truck = $3.5M
DCAC reported $40K in PROFIT.
https://investorshub.advfn.com/boards/m_read_msg.aspx?message_id=145729149
Per the TA updates and company filings, there has been no dilution since July-August 2018.
As per the most recent 10-Q, the current cash flow levels cover the company’s working capital needs.
https://investorshub.advfn.com/boards/m_read_msg.aspx?message_id=145678076
It also specifies where the financing is coming from.
Since its formation during 2018, an operating principal of the Company’s wholly-owned subsidiary Payless Truckers, Inc. has loaned $70,000 to fund the subsidiary’s operations.
The operating principal of Payless Truckers, Inc. is Pay-Less North Shore Wholesale. David Paysse’s company, EZ Finance, LLC, is the lender for several of the financing incentives listed online at both locations.
https://investorshub.advfn.com/boards/m_read_msg.aspx?message_id=145758895
And as per the filings, DCAC’s total liabilities are approx. $1.7M, not $10M.
Additional DD
DCAC $36M I-12 Widening Project and DRIVE-Safe Act
https://investorshub.advfn.com/boards/m_read_msg.aspx?message_id=145785890
DCAC Payless Truckers, Inc. NAPA Deal and NYSE:GPC Connection
https://investorshub.advfn.com/boards/m_read_msg.aspx?message_id=145821449
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