I sold DCC @ 0.04 in October and moved over to straight BTC.
For those still holding that means that they'd be up 28% since then, while BTC is up 96%...
Last year DCC had roughly $10M in expenses coming in at a loss before income taxes and "other comprehensive income" of $7.5M....
How much money does this ETF need to make to catch up with BTC earnings?
What additional costs are going to creep up in the next reports to account for the ETF?
Does anyone actually see the ETF pulling enough weight to stop the raisings and dilutions?
And before anyone mentions the "success" of Sell My Shares ... As far as i've seen, DCC has only ever touted rev increases for the unit. Costs always get muddled into the company's expenses as a whole. Who can say with certainty that SMS is even profitable? At this point I honestly believe that the business was purchased as nothing else but a bolt-on to put any kind of meaningful revs on the board... A distraction to shareholders to show that revs exist. And even worse, a distraction to management that should have been focused on the core offerings of the business.
DCC Price at posting:
5.1¢ Sentiment: Sell Disclosure: Not Held
