DLAD a riddle solved. IMHO.
Before you judge the argument, read the Whole story.
As most of you know by now I have a great deal of money invested in this company. I want you to also know, these funds have not been easily acquired. I work very hard for most of my life for what I have and I’m not going to let some ignorant group of scammers take it away without a fight.
With that said, I am going to try and explain what I have found thru examining the events of the last six months concerning DLAD. Also, I want to make it perfectly clear that these are only assumptions made by me and they are not in any way, shape or form prearrangements or affiliations between me and the officers of the company other then owning shares purchased on the open market, period!
Let me start with a few assumptions that lead me to think there is something up with DLAD. The first piece of the puzzle was the sale of the sale of CRM software (press release 7/28/09) for $2.98M and CEO claimed debt reduction. When the financials finally made public, it appeared there had been not been a shred of debt being reduced. This really concerned me and I’m sure other share holders as well.
7/29/09 DLAD acquires Sports page weekly. No discloser on terms. (I assuming shares @ .0004 and cash)
11/14/09 DLAD acquires interest in Spectrum Broadcasting. (Shares @ .0004 and cash)
*All the rest of the announcements made in between have no effect to the balance sheet.
With this information so far, here’s my conclusions: $2.98M CASH back into the company. Not on the balance sheet, not as cash but as shares. This is how Humphries was able to protect the cash and company from take-over. Here’s how I calculate it…
As of
9/23/09 Authorized Shares= 3,000,000,000
12/23/09 Authorized Shares 20,000,000,000 = 1.7B @ Par. Value is $1.7M (2,98M-1.7M=1.28M Bal. (Cash / Acquisition Funds)
Issued and Outstanding=1,191,867,447 Increased to 8,706,260,766 Balance = 7,514,393,319 Shrs. In exchange for
companies / equity. (not dumped on market as by company as bashers lead you to believe.)
The key is the increase in Authorized shares. Many posters stated “How can CEO increase the amount of authorized shares without a vote authorization by shareholder?” Excellent question! This concerned me deeply as well. As I stated above, CEO is allowed legally (?) to increase A/S @ Par Value accordingly = to Cash infusion. By going this route opposed to entering it into the cash account, share value appears to by diluted, thus retail shareholders get shaky knees and dump. Shares traded for acquired companies dilute as well. (Shares appear to be a diluted 3M / 20M) The shares that had been traded for the acquired companies probably have a holding period of 90 days. I think those were the guys dumping share when we were seeing volumes in the Billion+ days. They need to sell for the tax loss as you and I needed to. Then Humphries was the buyer @ Par Value. (I’m guessing we will see a reduction in A/S next Q report.)
As for the name change…It will be approved. Humphries wasn’t expecting a delay, or maybe he was, it worked into his favor to repurchase Q par. (Humphries stated that he answered FINRA’s questions in transition update. I’m assuming they questioned A/S increase / dilution. This would delay approval another 4-6 weeks. That time frame would mean Any Day Now.)
Now did I Tell you this guy was sharp or what?!
The only people that lost are the one that sold for a loss. If you had held, you will be rewarded handsomely when the PPS go‘s back up when the approval is granted and the Q report comes out with much less A/S then last reported.
Chew on that Bashers!
Gooooo….CABAL COMMUNICATIONS !
