The signs & RED FLAGS.......Were all over the place for this investment. And it's been the case for a few years. My only hope here is that my MANY posts over that period, at least those that weren't censored & completely removed warning investors of this eventual outcome, were enough to save SOME of you folks feom this awfuly unfortunate predicament. These are the reasons WHY inexepeienced investors have to be VERY careful when navigating these markets and these investment forums. There are bad investors, bad actors & questionable abound on these platforms, who give bad info for ulterior motives or just plain ole bad cousel.
So now that the company & stock price has been nuked........for good...........what are s/h who are STILL "miraculously" holding onto this, able to look forward to? Is there ANY hope left? The first thing investors need to understand, as i aluded to in my previous posts, is that this is now undergoing a MASSIVE restructuring for it's survival. This isn't anything new to the Canadian speculative penny markets landscape, it's actually a normal, standard thing. Which occurs with more frequency that you think. Only less than 1% make it in the Venture exchnages in Canada, which is the equivalent of the OTC pinksheets in the US. Imho, these Canadian exchnages, except for the main TSX board, are more eisky than their American counterparts.......for many reasons.
So with this in mind, i FULLY expect DM to follow in the same footsteps as all those "now insolvent or BK" entities who trade on these exchnages, which have run into trouble, and undergo that massive re-organization. And i fully expect DM to also follow the same playbook as it's two sister companies ScreenPro & GBLC. Both of whom have also undrgone that same restructuring as well. So what does that imply? It means, for those that don't know, a consolidation of share capital or RS for the laymen AND staying low key under radar, in a comatose state UNTIL the people in charge figure out what to do next and how to raise more money. It was either this or file for Chapter 11 protection or CCAA equivalent in Canada.
But in the end, it does not matter, because in boh cases whether under Chpater 11 or internal restructuring.......99% of the time....ALL equity holders are eventually totally wiped out. This is the normal process of many of these failed penny stock up there in Canada, and the outcome is usually the same as well. Any birght side? At least the CEo is doing the intial steps to cut costs and divest all unprofitable assets, as i also aluded to in previous posts. There's still lots to be done before any turnaround can happen and for those still hanging on, your lookiing at a time line in terms of years not months. With a possible rebranding, name chnage & the whole works before anything significant happens.
Divesting the EV business was Step 1, so you guys are in the first inning of a VERY long adruous process which will be financially painfull. The company will eventually suvive in some form, one way or another, BUT most if not all current s/h are done for. Atl east the CEo is taking step for that to take place, because his only other option was to file for BK.
I hope this detailled explanation of current & future events HELP some of you and i DO hope things turn out for the best......for ALL of you.....i seriously do. Hopefully this a costly lesson learned which will not be repeated in the future.......
GLTA