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Data Deposit Box Inc develops and operates off-site computer data storage facilities and other business computer applications for commercial business customers in Canada. It offers continuous cloud backup; mobile backup; and email archiving services.

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Data Deposit Box Inc > AGM

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Post by nickeliferous on Jan 02, 2020 8:47pm

AGM

Looks like we should hear something about an AGM sometime in January. The last one they had was Dec 2018 and they have 15 months maximum I believe. So that puts the AGM at end of March latest and they need to let shareholders know 60 days before the meeting. Hopefully we hear something in the next 2-3 weeks.

There was some earlier posting about management not entertaining an offer by another company. Can you please clarify? How do you know this? This sounds like some pretty private information you have there!

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Comment by emiliolargo on Jan 02, 2020 9:21pm

nickeliferous, the info was leaked from the finance company, the ones in charge of finding a buyer. Later on I found out from one of the company 's shareholders after the offer was refused. There are quite a few people involved inside and outside of DDB and I would say a dozen people were in the know directly or indirectly. DDB has been in the news as you can see from these articles I ...more

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Comment by nickeliferous on Jan 02, 2020 11:26pm

Emiliolargo, thank you for the update. I'ts quite infuriating to hear there was an offer on the table and it was shot down. Time is ticking here and Siva and the Board (however many are left) better get their sh!t together and figure this out. By far one of the worst investments I have made in my short investment life. By any chance did you hear any of the numbers being tossed around ...more

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Comment by emiliolargo on Jan 03, 2020 1:04am

nickel, all I know is that the numbers were far higher than today's share price. Incidentally it was at this price that the offer was made. Later, the company feels, the price was pumped up but it never was able to maintain. so ay half a penny we stand here. Not only the offer was for shares, it also was going to keep the brand and the legacy of the founder, in this case Tim. One publicly ...more

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Comment by emiliolargo on Jan 03, 2020 1:06am

nickel, how much ddb you have and whats your average cost basis?

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Comment by nickeliferous on Jan 03, 2020 1:03pm

I've managed to get down to an avg of .06 and holding 220k. I've taken a loss on some. How about you? I can't justify avg down any more especially when it looks like they are going t!ts up. So three directors total now that Scott Allen has left - Paul, Louisa and Siva. Was Louisa on Board when this deal was shot down? Baffles me...that may have been the saving grace ...more

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