DD Support Board and Research Team

[janice shell]

Bingo! Good work!

On September 12, 2012, the Company retained the services of Wellington Shields & Co., LLC (“Wellington”) for the acquisition financing related to the purchase of ACE Rent A Car. The proposed financing was to be used primarily to complete the proposed acquisition of ACE. The Engagement Letter dated September 12, 2012, provided for an initial fee of $25,000 fee for Wellington to represent the Company to lenders to secure financing for the purchase of ACE. In addition, the Company engaged Wellington to represent the Company in a $30,000,000 equity financing, which was contingent upon the completion of the ACE acquisition. Wellington has been unable to secure satisfactory financing for the acquisition of ACE, and the contingent equity financing, and the Company’s agreement with Wellington has been terminated. There are no further obligations between the Company and Wellington.

http://www.sec.gov/Archives/edgar/data/1379245/000137924513000011/egct2013063010qfinal.htm

So did Wellington make $25K a pop on each of these? Not exactly the bigtime, but...