Replies to post #104453 on DD Support Board and Research Team

[integral]

That is a Nevada corporation. I don't think you can do a distribution to a select portion of a class of securities.

DCAC will issue one (1) Restricted Anti-Dilutive Convertible Preferred Share of the Company for every 100,000 shares held as of Record Date April 15th, 2016, to stockholders who are on the NOBO list.

Upon maturity, the Company will ask preferred stockholders to convert 1 or 2 preferred shares into 100,000 / 200,000 common shares, through a Transfer Agent.

Through "a" Transfer Agent? Not "the" transfer agent? Notice I did not capitalize "Transfer Agent".

Each shareholder keeps their present common shares and will be required to show proof of purchase, which can include a processed cheque, bank statement, wire receipt or other verifiable evidence of each purchase.

If you are issued stock by the issuer, why do you need to show a "processed cheque"?

CEO Arthur D. Viola states, "We are removing the compounding convertible debt off our balance sheet because it is a derivative liability that would have hampered DCAC's future growth prospects. We knew that signing off on these issuance resolutions might create fluctuation in shareholder value, but it was a necessary step forward, in order to attract new equity to our balance sheet, and start meeting the objectives of our New Agenda. We have thus come up with a solution to protect our stockholders from the losses they incurred in the open market."

How are they "removing" the debt? Just erasing it? Did they call the creditor and let them know? Secondly, if the issuer is effectuating a distribution that is dilutive, how can it protect shareholders from losses they "incurred"?

Further, if this anti-dilutive stock distribution protects shareholders from future dilution, how could this possibly "attract new equity"?

Who is the idiot that comes up with this junk?

First thing is, I would look into NRS 78 and see if they in fact can actually do a distribution to a select group of the same class of securities. Because I dont think you can.

[janice shell]

Yes, that's got King's fingerprints all over it. Here's another one, CHIT:

https://www.morningstar.com/news/access-wire/ASW_Accesswire_435867MSN/cherubim-interests-inc-announces-finra-approval-of-convertible-preferred-stock-dividend.html