Post by
Joseisok on Oct 27, 2021 8:29am
Yesterdays news was about Daymak
If anything, ACDC should have went down. Having Daymak give ACDC 1m dollars through the exercise of 5m warrants should have shown you a red flag how broke ACDC is.
Comment by
KerStockhouse on Oct 27, 2021 9:57am
You cant look at it in isolation. They wouldnt buy if there wasnt something there for them.
Comment by
Joseisok on Oct 27, 2021 10:11am
Of course there's something there for them. Daymak needs ACDC to survive, it's there ticket for the RTO. The warrant's exercise wasn't for investment that's for sure.
Comment by
KerStockhouse on Oct 27, 2021 10:59am
Finally we can agree on something. So why cant you agree that it will help ACDC as an entity?
Comment by
Joseisok on Oct 27, 2021 11:13am
ACDC as an entity will be history, There's no business plan, just a bunch of claims at a future date with no numbers. They're trying to create hype by promoting the stock not a business plan. It will end poorly.
Comment by
kalareta on Oct 27, 2021 11:17am
So someone just purchased 5 ml shares because they had money to give away.
Comment by
Joseisok on Oct 27, 2021 11:26am
It won't be a total lost of their 1m, ACDC will be the shell for their RTO and hence public listing of which Daymak will likely come out on top with about mmmm 50m cash give or take.