Home > Boards > US OTC > Delisted > Double Crown Resources Inc. (fka DDCC)

I still think with the hundreds of

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bearspread   Wednesday, 01/09/19 09:09:44 AM
Re: Investwisely123 post# 15323
Post # of 15384 
I still think with the hundreds of millions of shares that DDCC management owned at the time of the delisting it would appear to me that DDCC lost quite a bit of money from the stock being delisted.

DDCC itself didn't lose any money by the insiders not having enough time to dump everything. And it is correct to assume the insiders didn't have time to dump everything they had. There is the one yr holding period. That's why my previous post was framed in discussing stock handed out to the insiders prior to Jun 2016, or 1 yr before the delisting. What they awarded themselves afterwards they are stuck with. How much did they award themselves in stock compensation? Answer: We don't know, because they went delinquent in their filings. For the last 1.5 yrs prior to delisting they were the equivalent of a Pinky - no accountability to the market. The stoopid award goes to the SEC for not coming down on em sooner.

Quote:
Thus, in my opinion, it is not only in the best interest of the shareholders for DDCC DDCC stock to come back to trading but I also believe that DDCC also really wants to get the stock back to trading as well to recoup their sizable losses.



DDCC insiders can want all they wish. All they had to do to prevent delisting was to cure the delinquency. But they did not do so. They boxed themselves into a corner, where they could no longer reconcile a 10K with past PR material events, without revealing they had violated securities law. Else they would've cured the delinquency! In order to come back they would have to cure the delinquency! Something they refused to do before delisting.

Note also DDCC as a corporate entity lost nothing, because it had nothing to lose. SHs lost the value of a pumped up microcrap scam. As discussed above insiders lost the value of the pumped up stock they had awarded themselves, which didn't have time to vest. The Pres probably went back to Mexico, with his patent for the triple lock whammy container. Maybe he can try the same scam in the India stock market. Or take the money he made off of DDCC to live comfortably in Mexico.



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