Family and tech, page-6

First 6 Last

Share
Profile

Follow
Anton Chigurh

13,097 Posts.

236

01/04/15

14:01

Post #: 15020021
Share

Originally posted by Wild Bill ↑

Yesterday I was doing some work in North Perth and an Italian lady said to me something like ‘its not so much where you live, it is where your family live.’ ie very family focused. Her brother in law was there and he agreed wholeheartedly.

Anyway Peter Del Fante was Italian and so to are the founding solicitors Steinepreis Paganin. In Peter DF previous company, they also used the same solicitors. Steinpresis family are well educated and play many roles in WA resources sector and they even have a multi lingual Rhodes Scholar in the family with one of her many languages being fluent Italian. Paganin family I am sure are a good upright family as well.

I think it is fair to say the solicitor and Peter DF may have been genuine friends. Maybe with the families know each other like Italians do.

Two days after Christmas 2014, Peter DF dies suddenly and it is definitely fair to say under substantial financial stress. I will not go in that side of things.
I assume the solicitor friends attended his funeral and probably thought to themselves, I wish I could have done something to help my friend and now his mourning family. Hence within a week Peter Wall (also an employee / junior partner of Steinepreis Paganin) becomes a director of DUO and totally changes the course of the company to being a shell company with a single mining tenement and massive tax loss (that they may or may not be able to utilize) and with the idea of introducing a tech company to the shell.

So I would suspect the tech company will be something good and good in the long term to restore the Del Fante families well-being. MTO I could be wrong.

I brought last week and today and have a bid in at 0.002

Expand

Cheers for the post Wild Bill, much of what you say could be true, however this part:

becomes a director of DUO and totally changes the course of the company to being a shell company with a single mining tenement

They were already at shell stage, raising capital and seeking a tech acquisition when PW came onboard.

However certainly not a bad development having PW join the board.

edit: cougar

Last edited by Anton Chigurh: 01/04/15

DUO Price at posting: 0.3¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Is the ASX getting its groove back? Here's 5 IPOs in September to watch

MYE

Metarock falls -10% as QLD regulator takes it to court over 2021 death of Graham Dawson – after raiding company offices

EIQ

Echo IQ tests show heart failure can be detected in 86% of cases with AI

PEN

Peninsula promises restart of Lance uranium project in Wyoming by the end of 2024

Centuria Capital tops Wealth Within's stock picks