I am impressed that he answered pretty quick. Here is my question and then his reply:
Question:
Mr. Livak,
I know you are busy. There has been some questions on the status of DMXC. The main question concerns around the shareholders of record before the SEC came in and revoked us. What are the current plans for the shareholders of record when the new stock is released? Do you foresee them getting their shares back on a 1 to 1 stock split? Also, the other concern is in relation to financing for the audits and still doing work on the properties. Do you have a good estimate of when all of this would be complete? Any words that you can provide so I can pass it on, I would appreciate. Is Delta trying to preserve the same DMXC ticker or have a new ticker?
Also, can you then update deltamine.com to reflect the current status. Also, I enjoyed seeing the President’s Message left last year. It would be nice to have this be an annual update to the shareholders.
Thanks,
Anthony
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Answer:
Anthony,
Thank you for the email. We are still working everything out. Unfortunately this is not as simple as we had hoped it would be. Once the audit is complete we will file a registration statement with the SEC, our current plan is for everything to be the same as it was prior to the revocation. So our intention is for shareholders to get the same amount of shares as they previously had. That being said, once we get to the registration statement and filing with the SEC that may change, but as of right now I do not foresee that happening. I am not being concrete with my answers because this is a first for all of us are going through this process and we are not sure what other hiccups we will face down the line.
Initially I thought we would be trading by now, but because of the accounting process and getting an auditor on board and then having to wait for our turn really took us off schedule. Plus the SEC keeps making it more and more difficult to relist which added more time to the whole process. So as I stated, our intention is to make everyone whole but because of the uncertainty of the process things may change.
As for funding, we are not concerned right now with future exploration. Our number one concern is to be public whatever the cost maybe. Once that is done we will see what needs to be done with the exploration work and the funding issue will follow. We still don’t know the total cost of refilling so it’s difficult to say what we will have or what we will need. I hope this help and please stay in touch.
I agree with you about a message on our website and we will have something up soon. I see you are part of the military and would like to thank you for your service to our Country.
Thank You
Alex Livak
