You would think if they had anything on this well, the share price would be more positive. (Not to mention that they said that they would update us)
At every turn, management has improved their position.
A large holder buys 5%, they come out with a poison pill
Another large holder sells their ~10% stake for a fraction of a penny, company management buys out that stake for a few thousand dollars - for themselves, not for the company. What a deal for them, while at the same time entrenching themseles!
Last year, they tried to come out with a sweetened option package, on top of their free 100,000 shares they give each of their executives each year let alone option awards.
The president of DLTA also ran TVOG (Turner Valley Oil & Gas), a company that reverse split itself to micro penny levels. So not a good track record. There are other relationships that cross in and out of public companies and private ones that are of interest here.
Anyone's DD would have to include the above. I hope all the fine outside shareholders make a killing here, but I just hate it when management of any company puts headwinds to shareholders' value.
Good luck.
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