Daniels Corporate Advisory Co Inc (DCAC)

[tutankhamuns]

The 10-Q shows preliminary results for the first 4 months of operations. And the entire Mississippi location is not reflected in Q3.
https://investorshub.advfn.com/boards/m_read_msg.aspx?message_id=145737308

Each individual location has roughly ~$1.5M in assets. Since they reported just under $1M in sales and had at least $300K worth of assets by the end of the quarter, the numbers are still accurate in terms of the total value produced by the subsidiary (while also accounting for growth). Keep in mind the conservative methodology behind appraising inventory.

Inventory consists of well maintained, commercial freight vehicles primarily acquired at auction. Inventory is valued at the lower of cost (first in, first out) or replacement value. An allowance for potential non-saleable inventory due to movement, current conditions or obsolescence is based upon a review of inventory quantities, past history and expected future usage. The Company believes that no write-down for slow moving or obsolete inventory is necessary as of August 31, 2018.

Viola has already indicated that it does not require a lot of start-up capital. Just one of the perks of buying rigs wholesale at auction prices, I suppose.

We concentrated on identifying projects that had the potential to produce significant earnings while utilizing limited capital within an expedited time period. We are prioritizing businesses that require heavy capital expenditures and intend to leverage our financing structure in order to produce the potential for accelerated earnings.

$DCAC