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Ann: Results of Meeting, page-17

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InformedButDumb

143 Posts.

21

02/12/22

09:12

Post #: 65111694
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Originally posted by ilikethestock: ↑

haha calm down pikachu.. it was only 3m shares.. worth 6k on market and under 6k after tax in pocket for dean... after he made like a bandit with over 1m profit on his whole 'scheme'.

Post mortem of agm- you will be disappointed to hear, that no inside/market critical information was able to be extracted... surprise surprise for a public forum... first question was direct to the point on bankruptcy.. response was delivered in typical PR fashion-- seeking funding.. Ran out of time supposedly after that- and requested that your questions be sent over via email- which was done. Hopefully a response is returned.

Other than that, there was literally nothing to be garnered from the meeting- conducted professionally and to the fact. A person would not have known if the SP was going to $1 or $0 tomorrow. Which is better than the erratic master actor Dean I guess.

Thats pretty much it... hell was not raised.. since those present weren't to be blamed.. I think at this point its been accepted but not spoken of directly that Dean was a con artist/ looking for quick performance shares. His plan was very short sighted though- assuming rates would stay at 0 (pumping SP of the, HIGH REVENUE cash burner he was creating). But as seen, with everyone down 99% from ath, he not only screwed all SH but himself also. "why didn't management stop dean? shouldn't they also be culpable??" No- he could literally outvote the entire management on any motion until very recently..

This is a very interesting story- the concept is great, but the business is operationally in a very very weak position at best right now.

SP wise- post consolidation will likely see the SP fall (very probably) by greater than 0% but no more than 50%.

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i've got my head in the sand a little / deer in headlight / in denial so not been studying this one too carefully. but since you've been taking the effort to dig a little deepers, can you comment / share views on...

current revenue runrate (at zero growth) and if they cut costs significantly... there's a legit logistics and warehousing business sitting in there somewhere right? it's the marketplace that's been oversold. but at say $20M annual revenue, $1M profit, surely a $14M markcap which would see the price move back up....

DW8 Price at posting: 0.2¢ Sentiment: Hold Disclosure: Held
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