Thursday, May 23, 2019 9:29:23 AM
Filings are absolutely necessary in order to move forward with the stock’s valuation. But as far as the subsidiary is concerned, it wouldn’t be accurate to state that Payless isn’t operating successfully just because DCAC hasn’t posted current financial data yet.
Case in point, you wouldn’t approach a local organization and ask, “Can I please see your financials?” before proceeding to engage in the purchase of their products and/or services. A collection of previous works and other examples of their internal processes would suffice as a method of identifying quality and value.
That’s what due diligence is for.
$DCAC
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