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tutankhamuns

05/28/19 10:12 PM

#32837 RE: janum #32835

That’s not what it says... Smh.

Update On The Reverse Split:

We have retained Counsel to File an S-1 Registration Statement so we can raise equity funding with the use of shares that are free trading. It is our experience that in order for any broker-dealer (and clearing firm) to accept shares for deposit today, the share price must be above one penny. That being said, we see no other option but to do a reverse split. Based on the potential success of whatever funding option is finally chosen for the Payless rent-to own program; we may consider a smaller reverse. However, this statement is solely for "update purposes" there is no guarantee at this point in time that a smaller reverse will happen. We are considering it.



Viola’s endgame is to secure funding in order to expand. One method is to sell shares via an S-1. A share price at or above $.01 allows brokers and clearing firms to deposit those shares.

If DCAC can trade at $.01+, there will be no need to reverse split the stock.

The other funding option proves that Viola is considering shareholder value. How many CEOs would even entertain an alternative?

The stock is clearly undervalued. And as long as the PPS trades at or above a penny, the share structure can remain intact and the company can get funded. Win-win situation for everyone.

By the way, $3.3M in 10 months is something any investor should be upbeat for... Just saying.

$DCAC
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DD-214

05/28/19 10:27 PM

#32838 RE: janum #32835

lmao, 1:1000 from .0001 = .10
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dummypigeon

06/02/19 1:33 PM

#32985 RE: janum #32835

Nor should you. Been in this dump of a stock for years and Viola has done nothing but pay himself and tank the PPS due to inconsistent communications, late or non-existent actions on promises, and sketchy practices to pump his stock.

Predicating potential value on this stock if it magically jumps 100x to .01 is silly. If Viola wanted to actually grow his company, and not try to trick investors into regular paydays, he would stop dicking around with the R/S and let the actual value of Payless grow the PPS. Like Tut said, the value is actually there. The PPS didn't move this week because noone trusts Viola, and he has yet to give anyone a reason to change that. Of course I hope that Viola gets his head out of his butt and realizes he doesn't need to play games anymore as he somehow found value in Payless, but I imagine all he will see are dollar signs by dumping post R/S. And he hasn't given me a reason to think otherwise.