Thanks for the posts Mac...you are right onto DDT and have followed the story well.
I've always glanced over them as never previously valued management’s ability to get the company fully commercial / profitable.
This post is all my opinion and would really like debate on it as personally....I think DDT may be on the verge of doing really well.
Cutting away all the blue sky glossy stuff and potential, you can see a small company which for years has not really done that well but may be turning.
Fluffy is correct on the turnover on Friday with respect to his theory's I reckon. maybe a big holder was selling or selling and rebuying or who knows....has to be imo....I personally don’t see it as a bad thing though...might be some other forces at play as the last few months shows someone has been trying to takeover the company for pittance and have been stopped so far.
Its interesting as looks like they almost did.
Here is some info from the government takeover panel:
Opportunistic of them as the datadot technology seems to have some excellent rapport already in its anti-theft applications on a lot of different platforms from cars and car parts, boats, down to liquids, cement powder....any other powder etc.
Essentially...the technology seems to be presented commercially as either a grain of sand sized dot which you can encode details on, and via thousands of them, very cheaply spray, swap or mix them onto or into a product which is naked to the eye, non-soluble in water after 24 hour curing and is giving around 80% less theft in certain industries as a result.
The other just talked about application sounds more nano (or greatly finer in size) and that it could be applied possibly at a molecular level for placing on seeds with the same owner information for track and trace.
The possibilities really are vast...but could go no-where without the right management getting the product out there.
Subaru for example does now not put out a car without them and sprays like 7000 dots via robot throughout its parts before hitting the retail market.
The recent management changes could see DDT come from scraping through year after year on the ASX to being something hugely adapted but we need to see them deliver.
Scrip wise, I found there to be 344,028,204 share in total listed but of that 181,123,264 shares are held by the Top 20 as of the annual report just out this September.
So 162.9 million shares are available for us to buy / sell etc and with 317 million changing hands the other day, you can see why Fluffy mentioned possible bigger holders changing their holding...we wont know till we see a change in major holding announcement if one comes.
Personally...I hope they are selling as I reckon this is going to move quickly back over the 20c area.
If there was closer to 1 billion shares which I would expect for a smaller company listed on the ASX for so many years....I would worry.
They seem to have done well to keep the amount of shares out there so low.
At Fridays close of 7.2c, the market cap of DDT is just 24 million bucks....tiny imo.
Over the last 2 months, their cash position has gone up a quarter of a million or to 1.01million so sales are occurring and I would expect this to be growing.
I quickly found no less than 50 sites, spanning 17 countries listing datadot's products for sale. So the product is out there.
On top of that, the feedback from those countries, company’s and organisations like police / government using the product is excellent and theft prevention rates also excellent. Being so tiny...the datadot and accompanying notice to thieves that microdots are in use seem to be more of a deterrent for the theft as they may be able to get rid of most of the dots. but they only need one to be found on a stolen good with a UV light and the thief is busted. so it seems they go somewhere they think the datadots are not in use.
That’s the datadots anyway...a business which it seems is starting to really get acceptance even down to insurance company's considering implementing them as mandatory as part of the policy.
The datadna trace thing just mentioned also has me excited. Its application in conjunction with the CSIRO has been worked on for quite a while as Fluffy said.
The collaboration for years seems to have now been slapped with patents and is being readied for commercialising / spruiking out there...the Asia Seed Congress 2009 meeting in just 5 weeks and datadot presenting it there for Seed Company’s for keeping an eye on their batches.
Being able to apply the datadna trace product to powders, liquids...almost anything opens DDT up for some massive potential and some crazy sales.
I personally think with the recent management change and the opportunistic sneaky takeover that was launched at those low prices means the company is positioned for a little explosion and management have come alive, changed and about to launch.
We need to see the company actually launch in a big way...more than patents with the CSIRO and Subaru putting it on every car...insurance company's considering making them mandatory and see it actually happen.
My theory is though...it seems it is and the market is also just realising it.
The jump the other day Friday putting DDT at 7.2c or $24 million worth as a company seems stupidly tiny still imo.
I am in...was not going to buy more but after reading heaps this weekend and removing the blue sky potential glossy stuff....looking at managements credibility now and where it seems they have their presence being felt, I reckon we will see DDT quickly back in the 20c area.
Some good sales / contracts / adoption of the CSIRO / DDT datadna trace technology could see DDT become a market darling quite soon.
One other thing....this CSIRO collaboration seems to also be delving into Australia’s national security system with the CSIRO adopting the Australian governments 2002 announced changes to it.
Terrorism, crime, infectious diseases and pests being the main priority, the CSIRO has linked off the datadot / CSIRO collaboration link on their website which could be some hint to datadotdna news to come down the track.
Here is some links for anyone interested in reading more
(20min delay)