Bullboard - Stock Discussion Forum Data Deposit Box Inc DDBXF

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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 > Really Too Bad

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Post by Hammertime45 on Jan 09, 2020 2:48pm

Really Too Bad

It's really too bad things didn't go better with DDB but I think after hanging in for 2 years its pretty clear that DDB is dead. I am also a personal user of their backup software at my office so hopefully that still will exist in the coming months but as far as an investment - the end is here. Ah well .... win some and lose most!

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Comment by moneynorthbound on Jan 13, 2020 9:19am

MNB has a question Hammer??? You are a DDB customer, IS your company not deeply CONCERNED about the future FOR your business data storage??? CONCERNED about the possibility..........that one day your storage company has NO money to keep the lights on??? I am scratching my head with your post. You clearly state that you know your money is dead here.......YET, you sit on a beach ...more

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Comment by Hammertime45 on Jan 13, 2020 3:01pm

Hey MNB ... good questions. So, DDB is the system back up 3rd party integrated system with the principle software being used. It was the recommended company to use by the principle software company and they have thousands of user - many of which I also assume ue DDB as the back up. The priciple software company calls the shots on this and if they choose to affiliate with another ...more

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Comment by emiliolargo on Jan 14, 2020 11:56pm

Hammer, you dont need to assume anything. Check the articles I posted earlier on DDB and check their SEDAR fianancials. There are LOSING 25% of their customer base every year and now they happen to be unprofitable and burning a lot of cash. unless something changes drastically, this is headed for a collapse.

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Comment by emiliolargo on Jan 14, 2020 11:51pm

MNB, and Hammer: This is the comapny DDB did not bother to deal with: https://ca.proactiveinvestors.com/companies/news/910218/globex-data-sees-strong-interest-for-cyber-security-amid-rising-tension-with-iran-910218.html watch his interview. You will understand my fristration. Hammer, you better contact the guys at SWIS if you want your data to be around once DDB runds out of cash ...more

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