Morning FF ACST Have you done any DD on this one. I've been in contact with DAG their promoters & the story there is very interesting. I've verified some things & have more to verify still. I beleive the company is going to start putting out some PR's to get the story out. Here’s what I know. Spoke with Investor relations & got the following information. The shell was acquired recently by DAG Enterprises, is clean & has no debt. They are not affiliated with the badly thought of old shell ATEL owned by Mike Markow. There is a name change coming. Form 14 c was filled for a name change,the trading symbol will change. Available on Edgar online. Their product is very high end furniture sales, 20k plus for some pieces. The CEO & VP have very impressive resumes, at least in the areas of running their business. 20 some years of experience each & many European design awards. They plan a second store in “04” in the Atlanta area, one in the Golden Triangle area in Denver Colorado & to use their design experience to create their own lines. They have 3 patents, one of witch is still pending. They can be verified from the Patent Attorney. They are debt free, revenues are 1 million a year +, assets of 18 million (questionable). Only 35MIL O/S, 3.5MIL free traded shrs, 2 million in the float as 1.5 mil are reportedly locked up by insiders. There are no s-8’s & none planned. The company is expecting the PPS to be near 2.00 soon. I know, speculation right. IMHO the reason for the decline is in the DTC report. The large seller, Research started with 1.5 million shares, has hit the bid from the 1.70’s. Started last week with 859K & this Mondays DTC report showed seller with 60k left. With this weeks activity, one could guess he’s done selling. Somebody is still selling though. I have seen transaction statements from the guys at DAG for good size blocks in the dollar + range. I don’t think they are interested in dilution or selling as they want the PPS up. They need a website with some investor information but you can go to EUROOFFLINE.COM or walk in the store & see the products they represent. Quite impressive. As for me I’m still digging but I’m betting on the bounce & there’s lots of room up there. I have some information that I would be glad to fax you or you can contact Chris Stevenson from DAG 1-888-777-3320 Tell him Check sent you. Feel free to use my e-mail in the profile. My reputation is important so I will not lie to you guys. What I’ve posted is either what I’ve seen, heard or my honest or uneducated opinion. I still have some things to learn but I’m working on them. If you choose to look any further, have any questions or find any alarming information, let me know please.
Thanks John
PS Great board, one of my favorites & one of the few I know of that is full of credible posters. I've been here for awhile & own a few of the sucurities you talk about here.
