Jax- thanks for that read. Also thanks for that tip on that other security that you pm'd me. As far as DINIQ goes have you given any thought or done any research on taxes, tax refunds, and lastly NOL's for 2011? I know they received a 1.2M refund for 2009. Here is a quote from a PR from the 2009 year end "In addition, based on the recent change to net operating loss carryback rules we will be receiving a $1.2 million tax refund." I haven't looked to hard for 2010 yet, it may be a little harder to find as that was the year of the deregistering of their securities. I am not a great tax legal mind and definitely do not know what the implications / ramifications of the selling off of all of the assets will be pertaining to the tax situation. Maybe thats why they kept the Haleyville property in effect, I know there are some pretty strict regulations concerning NOL's and the utilization of them. 1)Being a ongoing concern? I havent really invested much time lately pertaining to DINIQ research but if they have a tax refund anything like 2009 that will help out immensely in PPS valuation. Heck if they got 1M refund x 3M shares, that .33 PPS alone! Heck even selling a clean shell company garners between 250k to 500k. Granted we dont really know the end game here yet, but I am confident that they are A) in the money B) maximizing shareholder value. I recently read some of Robotti's shareholder activist letters and with his guy Chris Sansone on the board I'd like to think that equity is protected pretty well concerning this.
Hopefully we will see what exactly will be happening here in a few short weeks. In the past I have seen companies that have liquidated do an initial disbursement to shareholders and then succeeding disbursements as things wind down, i.e. tax refunds etc...
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