Digital Power Corp (DPW)

[hobowilly]

WOW!!!!!!!!!

DPW Holdings: Debt Resolution to Be Funded by Sale of Assets, Possible Spinoffs

I don't remember who it was here, but they predicted this move months ago.




They've had a $70m back log for months. So, they haven't done a thing for months. That certainly include the delivery of the MLSE Textile Processing machines.

Six were due (but still undelivered) to be delivered on Aug 31, 2018.
Eighteen more are due on August 31, 2019.

No chance these machines are even being built. They have no money to fund their daily operations. I would love to know who, besides the BOD Toadies, shows up in the offices and factory floors everyday.

BRIEF-DPW Holdings Says Its Current Order Backlog Is About $70.8 Million
BY Reuters — 8:00 AM ET 04/22/2019 April 22 (Reuters) - DPW Holdings Inc

* DPW HOLDINGS ISSUES CORPORATE UPDATE

* DPW HOLDINGS INC ( DPW ) - STATED THAT ITS CURRENT ORDER BACKLOG IS APPROXIMATELY $70.8 MILLION Source text for Eikon: Further company coverage: