Thanks my friend - perhaps it was the wine. I think my previous post was a bit inappropriate and obviously you've done DD on DIAAF. It may be a bit of crap shoot on my part to continue accumulating but my position actually shows a tiny gain at least for now (most of my buying from .0004 - .0008).
So do you think the last quarterly report was a fabrication along with the attorney letter? After the last quarterly report of $1.5 MM in profits, when the volume and price surged, a DTC Chill was placed ultimately cutting off some brokers and drying up buy side liquidity. That's the big risk in the pink sheets. Who knows if or when the chill will be removed but it still appears to me to be one of those rare value finds at this pps.
I pulled these numbers out of DIAAF's last 3 quarters:
Net Income per Common Share (Canadian Dollars): Qtr Ending...Common Shares...Net Inc...Net Inc/Sh 2/28/2011.... 102,068,870....... 724,387.... 0.0071 5/31/2011.... 124,014,843.... 1,054,732.... 0.0085 8/31/2011.... 304,015,000.... 1,506,909.... 0.005
Balance Sheet: 8/31/2011 Assets 8,861,651 Liabilities 6,471,420 Net Assets 2,390,231
Market cap is now around $250K and a pps of .0007 it just makes sense to me to buy here: - Net Earnings over .02 per share - total of the last 3 quarters - Net Assets around .0078 per share (actually a positive number.)
Pretty rare for a pink sheet and I think way out of line, but who knows? I do screw up now and then and may bail out too but for now I am inclined to let this ride out through 2012.
My apologies for being a bit cocky last night. Best wishes in your endeavors.
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