Friday, March 11, 2011 11:51:17 AM
We represent the preferred shareholder and the secured creditor. This company recapitalized by going from one billion to six billion shares without the preferred shareholder's approval or knowledge. The plan is to now do a split-off of the operating company and leave the current DTSL shareholders holding the bag. In order to pacify the current shareholders and avoid future class action lawsuits, a 30% split-off is being planned as a "payout" to DTSL shareholders. As the operating company won't be a reporting issuer, that 30% becomes useless wallpaper. Following the split-off, a reverse split of 10,000 to one is planned by the master of dilution, Ryan F. Coblin. A Florida lawsuit is being filed to prevent this reverse split and have the management replaced. The transfer agent has been placed on notice of the previous fraudulent transaction. Our research shows that DTSL's Roger Mouallem, the company's top executive, has resigned. Others are expected to follow shortly. Our letters to the company and its solicitors were unanswered.
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