The "update" before that was even more entertaining.
Daniels Corporate Advisory Company, Inc - Update To Shareholders.
May 16 2016.
New York, New York:
Daniels Corporate Advisory Company Inc. (OTC:QB "DCAC") is pleased to announce to those shareholders that have weathered our storms with us that the Convertible Preferred Stock Anti-Dilutive dividend is still on the boards. We are in the formal filing cycle for capitalization additions/changes needing approval from FINRA. We filed our application on March 7, 2016 and correspond regularly with their representative that is handling our request. We have fulfilled all their requests and do not believe it will be much longer. This dividend will be honored in some fashion. There are no problems or hold-ups on our part, the filing cycle with FINRA has been extended, in general, because of all the applicants. We have to wait our turn.
Current Deals:
We are working on several significant deals/projects that will mean the fold-in of a material amount of assets and their corresponding earnings in the near future. Preliminary agreement stage has been reached and a due diligence process is being conducted prior to formal contract signing. These two potential deals/expansion projects have the potential to give DCAC the critical mass to be considered for uplifting and listing on a Major Stock Exchange. Because of the need for one year of certified statements as a collective unit is necessary to meet the filing requirements of a Major Exchange it is going to take 18 - 24 months for all these events to occur and for DCAC to uplift
The listing on a major exchange will give DCAC the credibility necessary to attract long term investors, those institutions interested in developing companies and not in just trading common stock. Venture Capital and Private Equity Firm want to see a liquid exit strategy from the start of their investment and will see it in DCAC with our major exchange listing.
The DCAC major exchange listing will allow each incubated subsidiary deal to raise initial capital on its parent's common stock and to eventually be an independent public company on its own. The shareholder base of DCAC will be receiving value in each one of these IPO or Alternate Public Offerings.
These two potential projects will be merger/acquisitions into two separate subsidiaries of DCAC, incubated and then brought public as independent companies within a two year period. DCAC is their Corporate Strategy Advisory and will remain the parent company with all merger/acquisition deals, being developed/expanded by Daniels, conducted in subsidiaries. While projects may be changed or be altered because of due diligence findings, the model is intact and will be proven with the best candidates possible.
We will be keeping shareholders up to date on a regular basis. We hope you have the patience to continue with us
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