By Invsestor request....Welcome to the MATRIX folks. If you are here, i assume you seek meaning & purpose or at least something that compels you, that drives you to be here. So as promised to you all and due to overwhelming investor demand, and approval of course, here lies below my commentary posted on the Yahoo BB last week. An exact copy, intact, unaltered and in the same condition & context it was before being promprtly REMOVED & DELETED by Yahoo moderators. A post i assume was deemed either inappropriate, outlandish, unjustifiably critical or possibly dangerous......maybe even all of the above. An action or a censorship i deemed ridiculous (as the PP) unfair & unjust. A censorship so extreme that the "HUMAN" mods (not bots) acting at the behest of an unknown entity, proceeded to take down EVEN a simple, relatively benign post on a polling call of the invetors on that board with NO mention of ANYONE or ANYTHING. And talking about that poll, the last time i checked those numbers BEFORE it was taken down in the same fashion as its predessor, pole numbers were about 30ish in favor and a mere single soul against me re-posting this commentary.
So the decision is completely yours folks, i offer nothing but my truth, my perpspective, my opinions.....no more no less. So think deeply & decide. I offer you two choices here, the BLUE pill or the RED one. By taking the former, you need not go any further and you can promptly close your webbrowser and leave this website immediately. The story ends here and you can go back to your normal world with the same perspective, attitude and information you had regarding this stock without being influenced by anyone or anything. IF by chance you choose the RED pill, then my friends, i offer you the chance and opportunity to be enlightened by a totally different perspective and some thought provoking ideas which may explain some of the recent events we've witnessed with our dear company. The choice is yours.
"Just a few brief words before the week-end folks. Taking a look around most of comments on this board in the last 24hres, i do not think the majority of investors are quite cognisant why this PP was done. Aside from the fact it was a complete slap in the face of DMG's faithful long term retail holders, its had some other unwanted consequences which will play a big part going forward. Imo, what DMG mgmt did here was both disgracefull & underhanded and let a known serial shorter off the hook including letting them massively profit at the cost fleeing DMG s/h. This should have never happened folks and i will not get into the muddy details of why i believe it so strongly. Let's just say DMG mgmt should have known better here, especially if they had their dedicated longterm s/h interest's at heart.
What i want folks to realize is WHY DMG let this happen? If one looks at the trading yesterday, you will notice two very important things. One is the volume and two is pattern/trading during the whole day. I usually tell people NOT to look at the daily noise when investing or taking a long term position in a stock BUT in this case i think it's warranted that DMG investors do if you want to know the whole story. Just look at the volume for starters, a total of ~50M shares were trading on all exchanges. Really? For a small PP of $28M it recorded one if its highest trading days if not the ATH ever? Even higher than when they did the intital $70M PP on the Canadian side. Then there was the manner on how those shares were traded. If that wasn't a big ole net catching every single share given away as investors panicked & sold, then i don't know what is. What you saw there my friends were tutes, hedgies and especially HCW covering their entire short position that they've been clobbering the stock over for the past two months. And DMG with that ridiculous financing gave them the opportunity, the tools to break the stock's support and the perfect backdoor to do it.
Am i upset? Yes, am i....as anyone who've been a long term believer in the company should be. Upset enough to sell my entire position? No, a resounding NO. Because even though i don't agree with these despicable actions the company's mgmt has undertaken with regards to their financings & dealings, i know full well what i'm invested in and where this company stock will go/could go when Bitcoin blasts off to over 100K in the next 6 months. And i would STRONGLY rec'd anyone who's invested here for the long haul or who's followed my advice to do the same, pinch & hold your nose to temper the smell of deceit and HODL. But mark my words though, these actions by the company will not be easily forgotten or forgiven. Not for me personally anyway. Besides the fact that they've lost all their brownie points with me and my trust, faith & confidence in them have been greatly diminished, i have re-ajusted my investment strategies accorrdinlgy or will do so in the immediate future to reflect this new situation. In other words back to square one. It's a complete shame DMG has falied to prevail on this front and it has come to this. What should have been shining light, a true leader and a example of total transparency in a corrupt market place has instead turned into a fiasco questionable decisions which has been marred down in complete mud of suspicion of their own making.
For all intense & purposes, i really hope someone at the DMG reads these boards. Because my intent is NOT to bring down the company OR bash BUT to point out clearly when they have erred. So they may recognize this fact, whether intentional or not and make sure it's either rectified in some manner OR never repeated again. Removing HC Wainwright as potential fiananciere and not dealing with them or anyone similar ever again is a start imo. As stated in my previous post, i hope DMG officials see the error of their ways and/or the impact of their decisions have, as it was in this unfortunate case, and i hope (but not holding my breath) that they address it at some point in the future. It's the least, the VERY bare minimum they can do for their dedicated s/h base for the harm they've caused. In the end, whatever justification, reasoning or purpose they had to have made this decision and embark on this path, it better be made clear or make sense at some point down the road. For all our sakes. This is my rant for the week folks, i hope it serves you all well to make more informed or better investment decisions."
After reading this commentary, i STRONGLY urge posters, investors or anyone else that's interested to copy&paste this post. Why? For the simple reason of i'm not exactly sure how long Stockhouse mods will let this remain here IF they are also requested, demanded or "encouraged" by this entity to remove & delete the above commentary as it was done with the folks at Yahoo. Though Stockhouse is more open, free and less stringent than Yahoo it does not mean it will not get taken down at some point if they get pressured sufficiently. It may also be a good idea that if anyone has an active account on Reddit, for the link to be posted there on the sub reddit /dmgi. I would do it myself BUT if you folks want be informed in the best way possible regarding your investments and for it to remain that way, some minor legwork is needed/required by some of you. I think it's important that as many investors or people should be exposed to all the information possible and that they should make up their own minds in anything they absorb.......not for others to decide whether certain things are ok and for other less desirable things to be censored, surpressed or hidden away.....never to be seen.
"Do not go gentle into that good night"
DT