Replies to post #31175 on Daniels Corporate Advisory Co Inc (DCAC)

[LJ Silver]

Nope that's not what that means.....

The assets have INCREASE FROM Q1. That means they are having success BABY!
LJ

[tutankhamuns]

Let’s assume it is $238K for 1 location with 31 trucks.

A truck would be like 6-7k at historical cost.

https://www.auctiontime.com/listings/trucks/auction-results/list/category/226/heavy-duty-trucks-salvage-trucks?sortorder=537&SCF=False

And you’re absolutely right. :-)

Payless is a start-up trucking company whose principal business is to acquire, refurbish, add location electronics, advertise and sell commercial vehicles to drivers and transportation focused customers.

They invest about $15K-$16K into refurbishing the salvage trucks (new motors, transmissions, exhausts, turbos, injectors, fuel and water pumps, etc.) and make up to $35K-$40K profit per truck before expenses (advertising, rental costs, truck maintenance, etc.) Of course, the initial margins are low due to the heavy capital expenditures but the growth potential is incredible when you scale it out to 300 trucks instead of only 30.

I believe the current share structure is fine as long as the dilution can be controlled and the company maintains profitability. IMO

$DCAC