I Will Not Forgive Any Company Who Did What Dya Did!
not too long ago I held shares in dya. Management had ran their mouths saying they would get $180 million dollars in what was understood up to including this year! Investors were waiting until Q2 to see some huge quarterly revenue to support the claim. But before q2 and without having proper dollar values disclosed it was around $4.2 or so million to date as we were holding I thought this is getting ridiculous. I sold my shares at a heavy loss .55. As it had when q2 rolled around and within the filings the company disclosed that it had problems with one of its suppliers that impacted their outcome. Such material fact should have been given to shareholders right away when the problem had been noted. The company should have stated well in advance that we have come to learn beyond our control one of our suppliers is having difficulties with our production run. We are in talks with them right now and will keep shareholders posted as to what the circumstances are. Something to that effect. But no, they chose to inform shareholders at the q2 filing--big no no as to what I expect. I guess the company thought it would be good enough to say they will take legal actions against the supplier but this misses the point on what was their responsibility to shareholders and like I said a very big no-no. If companies are having problems and that too which can have a huge material impact on projected values that you had given than they have the right to know as early as possible--when the company more or less encounters the problem. I will not ever go back and give any company a second chance if this should happen unless they immediately come out and claim responsibility in my words damage control but they should not be hiding material facts--so that is almost a no reinvesting with them--I will be fussy here! A strong, responsible and ethical management and companies are the ones I am looking to be invested in and I will be evaluating all of the companies on this basis as well as all the share structure revenue to outstanding that I have previously stated. In any case, we are getting close to commercializing and I am being very stern, and up front about this--you just don't do this, cook the books, or lack transparency big no-nos and I will dump shares and not even bother coming back success or not because that is a huge violation of trust! I am expecting great things from this company but regardless of dollar amounts be honest!!!! It is to me more important than trying to be something you are not to potentially save face.