Replies to post #32218 on Daniels Corporate Advisory Co Inc (DCAC)

[tutankhamuns]

I don’t believe it will be canceled. I actually hope it’s effectuated...unless he plans on just buying back shares on the open market like he mentioned last year.

This realignment of Corporate Strategy has the potential to significantly reduce the float of the parent Company. The use of shares in subsidiaries with much smaller capitalization's is planned for the raising of cash for the parent as well as the subsidiary and for use in an exchange offer for "DCAC" shares. Over 12 - 18 months, there will be a number of subsidiary stocks participating in the reduction of the float. The use of newly-registered stock and cash from private placements will be used to accomplish this goal.

https://globenewswire.com/news-release/2018/07/17/1538414/0/en/Daniels-Corporate-Advisory-Co-Inc-DCAC-Files-Audited-Statements.html

$DCAC

[UnderR8D]

He’s not canceling it ; he never cancelled the last one , just left it sitting out there ; the latest filing just modified the ratio