DSS Inc (DSS)

[Chas1961]

A little updated DD...

When I am bored I like to rummage through the prospectus for little nuggets that might be worth adding to your DD that may have been missed on first go around. There also seems to be some question as to those $5 shares in escrow by new board members. I will try and break the numbers down to the best of my ability. Once that Quarterly is out it will be much easier. I will base it on my numbers from 8K filed post merger. (FinViz has a higher float number 40,300,000)

On 7/2 per the 8K there were a total of 45,367,875 shares post merger.

7.1M were escrowed:

My total float would be 38,266,942 Shares.

Lets look at the major owners of that 7.1M shares:(approx 5M)

Hudson Bay =2.4M ($12M)
IPNAV=1.87M ($9.3M)
Honig=827K ($4.1M)

Now I am not the smartest guy but I do not see any of these 3 passing on this amount of money.

In case you want to know who the placement agent was for the merger: Dawson James (LOL)

Two items of note in what Lexington saw would need to take place post merger was:

1. Capital raise to purchase IP acquisitions.
2. Joint venture agreement in place with Linkspace for opportunities in the healthcare market.

Not to drive my fellow longs nuts but I just don't expect the company to give us any details on the Novell litigation other than it was settled. This is not a bad thing and we will be able to figure it out after 3Q.

If the loss for legacy DSS is $1m or less I consider that a win and a great jump off for the rest of the year. Like I said, these guys couldn't manage the shoes in their closet and we finally have a solid mgmt team in place.

As trader said, this CC is key for the remainder.

GL