IIRC, the purchase price was $600K, it was previously owned by an "inner circle" employee who apparently lived there and continued to live there when it was owned by DDI.
Did anyone see ANY rent in the SEC filings? NOPE Did it show up as an asset in SEC filings? NOPE Did the title ever get transferred to DDI? NOPE
THEN, after getting caught and exposed (thanks for the assist Steve Jackson) they "sold" it back and held a IOU for $600K from presumably the same employee who continues living there
Is Deep Down in the sub prime jumbo mortgage business?? Did shareholders see any interest showing up on the SEC filings? NOPE
It appears that it was finally paid back based on their latest filing
I know some of the details of the DDI Ranch fiasco and it STINKS from top to bottom
Then there are a dozen other scandals that have surfaced that lend a lot of credence to the theory that shareholders have been getting SCREWED for YEARS
I'd also say they committed fraud (or at least misrepresented) in their conference calls claiming to be under strict spending controls and "lean and mean" during all of those events
SEC may be closing in
I've got my popcorn and I'm happy to assist the SEC with a road map if they ask