DAC Technologies Group International, Inc (DAAT)

[littlefish]

I'm not sold on it being shorting necessarily, I'm sure you meant it is one possibility only. I'm just saying that some rather unusual volume came in for this little thing last couple weeks December and personally think it seems more like selling than shorting.
Could be some close to the fund that held shares in the company got out ahead of knowing the fund was in trouble? Hard to know (well, more like impossible unless you were one of the sellers that potentially got out knowing the fund was gonna do something like this).

If with 47% of the funds distributed from Prae. Offshore (PO) and 53% transfering to the parent Prae Cap Mngmnt (PCM) and 59% of the parent apparently being liquidated in kind PRIOR to the addition of the 53% of shares, then it seems the parent fund now becomes something to watch as far as health. Those are some hefty distribution calls they had.
But 47% of the total is just a bit over 500K shares.

A little semantics, they mentioned 'choose' and not 'chose' in note 6 of the form 4 but likely just a typo.

I think what you and Gilead mentioned is close to the most plausible point- that the volume in late December was possibly some of those getting ditributions a bit ahead of Dec 31. The last 2 trading days with very little volume seems to lean to that with Gilead bringing up the volume #s. But again who knows for sure and we'll see as you say. Not a big position for me but enough to try to figure things out.

There are other funds that have filed 13Gs in the past so it isn't like absolutely no one with $ is aware of the company. And a call of 5 cents for a potential entry point (Hank's post) is like calling for below a BK price IMO with the assets the comapny has. Doesn't seem even remotely possible IMO only even if every share went out as a market order at the open. Not sure what the point was.

"DAAT..

This is where a stupid low ball bid might work.. 500,000 @$0.05 is $25,000.. Food for thought.. hank "


And I thought I made some odd comments at times LOL...
Guess I'll put it with his thoughts on RHDC Friday from this:

"RHDC... GONE..

Sold the entire position,, 78,440 shares @ $0.2462 Ave.... I'm whole again on this one.. Volume is far in excess of Cap and RHDC might just look too good to be true.. Jeffries seems to now have an AXE in the stock and I would not be surprised if RHDC trades above $0.26 at the close.. hank"

that posted 10 minutes before the close to this after the close and no published news between the comments:

"RHDC.....

2,112,278 was for sale on the close option..$0.17 was the cross price and expect more tomorrow because there are many funds that must sell now that RHDC is delisted from NYSE.. Sub $0.10 could be an entry point that gives enough odds to own..hank"


Guess I'll be headed for a timeout but someone has to push back on these comments IMO.

I'm just reposting his own posts. Not sure why more don't challenge some of those posts that seem out of whack at least to me. Maybe I'm out of whack LOL.

Sheesh.