Diversified Royalty Corp T.DIV

Alternate Symbol(s): BEVFF | T.DIV.DB.A

Consumer Cyclical Auto & Truck Dealerships

Diversified Royalty Corp. is a multi-royalty company. The Company is engaged in acquiring royalties from multi-location businesses and franchisors in North America. It owns Mr. Lube + Tires, AIR MILES, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions and BarBurrito trademarks. Mr. Lube + Tires is the quick lube service business in Canada, with locations across Canada. AIR MILES is a coalition loyalty program. Sutton is a residential real estate brokerage franchisor business in Canada. Mr. Mikes operates casual steakhouse restaurants in western Canadian communities. Nurse Next Door is a home care provider. Oxford Learning Centres is a franchisee supplemental education service. Stratus Building Solutions is a commercial cleaning service franchise company providing comprehensive environmentally friendly janitorial, building cleaning, and office cleaning services in the United States. BarBurrito is a quick-service Mexican restaurant food chain.

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Diversified Royalty Corp

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Comment by goldsternpon Nov 02, 2010 4:47pm

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Post# 17647399

RE: RE: A Ray of Sunshine

In that case I will try and will wait to be corrected in case there is still someone following this company.

I was off by $900,000. As the company has already received $100,000, cash should increase by $2.6 million.

Liabilities are $541,117 for accumulated property taxes where I am not sure whether they have been expensed yet. If they have then the company might have to repay something like 30% or $160,000 but that would leave an increase of $2.4 million of cash without conducting any business so there is some cash to help pay the bills until the next contract. Hopefully soon.

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