Our group continues to load up on shares of DUSS. We are very excited that our DD has been right on the money in regards to a coming acquisitions or mergers.
The recent 10Q proves that our DD here is confirmed true. The confirmation comes in the following section of recent 2nd quarter form 10Q filing with the SEC:
Current Business of the Company
The Company moved operations to Vancouver in 2009. In the spring of 2011 its design and head office moved to Los Angeles California where it was designing apparel for its licensing partner, the Company continues to market over the internet a very limited line of apparel. Our samples are manufactured by our licensing partner in North America. The Company has transitioned from being a manufacturer–wholesaler to licensing of its trademark to other wholesalers in the primarily in the Canadian market, while promoting its marque. The Company also purchased the trademark of a cosmetics line. Currently no sales, production or sampling of the cosmetic line has occurred or is planned. The Company renegotiated its licensing agreement in early 2013 and is receiving royalty income only for its designs with one current manufacturer. In July, 2012, the Company had a further change in management and operations were moved to Florida. The Company is currently reviewing its business and is seeking other acquisitions, as sales have declined year over year.
AI
