Delphax Technologies Inc (DLPX)

[MaddAussi]

They own 35% of the shell of DLPX not 100%. DLPX has lots of NOL's and is its only asset. Anyone taking more than 5% of DLPX will kill section 382 of the IRS and cram down the NOLS. It will be very hard and very long process for something to happen here.

Also, I've never had a reverse split work out have you? That always happens on reverse mergers- why would a new company share much with the old?

Not saying something won't happen here, just not seeing why this one is different the others... my main concern was the confusion with this DLPX and the real one which are not related and haven't been for 7-years or more.

Being 35% owned by AirT was to acquire "control" and add the assets to it's balance sheet. There was no other reason, you could buy their 35% anytime you want.

Message Nick on LinkedIn he will respond and likely take your offer...

They made their money when DLPX went Bankrupt in Canada long ago and they were the DIP financing...

Just saying... I see no reason this one will do much anytime soon...not saying it won't just won't be fast