Replies to post #7913 on Double Crown Resources Inc. (fka DDCC)

[bob4dollars]

The best way to generate revenue for the Translock is to get some signed leases that serve as collateral for a loan to finish its development. Issuing more shares to finish developing a product that has been in development for years now is nothing short of appalling. They have a prototype and a previous PR said they had done successful demonstrations. Once leases are signed, DDCC should be able to secure the proper financing without having to issue more shares. IMHO

Not a single thing this company has said was coming has actually come to pass. Just plans, plans, and more plans. And we the shareholders are left stuck with the loss when this time next year and the year after that not a single thing has come to fruition.

[magicman]

Here's an e-mail reply I got from the company today:

Thank you for your e-mail and interest in Double Crown Resources.
 
Regarding the authorized share increase proposed in our recent Schedule 14A shareholder proxy announcement, management has determined that this will allow the company to most quickly and efficiently bring our business plan to full development and meet all of our financial obligations. This plan intends to place primary emphasis on the marketing of the unique and cutting-edge TransLock² (TransLock Squared) aggregate material transport system.  Additionally, we are anticipating and planning for the start of multiple, long ranging commodity supply operations to begin in the near future.  These major projects are projected to generate monetary returns for the company which will benefit the shareholder value.   Without the authorized share increase at this time, we would be unable to proceed with our company mission to the best possible results.  We do feel the proposed increase is very appropriate to the interests of everyone and we request that all of our shareholders vote in favor of it when they receive their proxy statements.   
 
Sincerely,
Tricia Oakley
Corporate Secretary