Post by
bailey2 on Apr 20, 2017 4:07pm
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Hello fellow shareholders. I received a response from Patrick Houston early this morning. I have been out all day and just read my emails. He said that they" reached out to Nasdaq about the listing. We are waiting for them to respond. When they do we will issue a press release." I am happy that they finally answered. As far as a buyout goes, I personally believe that they will not fetch a big premium for their shares. Declining revenues, for the past few years, and a train wreck as far as financials go. I do feel sorry for the company however, as their competitors also sold their stuff way too cheap and it was a race to see who could snag contracts with unrealistic low profit margins. Pretty much a race to the bottom. Interesting to see how this plays out. Certainly not buying any at these prices, until there is a ray of light, from the deep hole , that I find myself in.
Comment by
barneyj44 on Apr 20, 2017 5:20pm
Thanks Bailey2, I'm in the same boat, what a train wreck indeed....
Comment by
jollynik6 on Apr 21, 2017 7:36am
Hi Bailey2 Perhaps you know the answer to this,Why did they change from DRI to DRWI on the TSX and why would anyone give them all the contracts they have been getting if they thought they were going out of business, Really would like to know about the symbol change Thanks
Comment by
jollynik6 on Apr 21, 2017 12:26pm
Bailey2 Would this not be reason enough for a Shareholder Lawsuit if they sell on the cheap. Thanks
Comment by
barneyj44 on Apr 21, 2017 2:57pm
I would think a lawsuit would be in order if they sold on the cheap, they have a fiduciary duty to get the highest price possible for there share holders, Insiders don't hold many shares so there big concern would be to keep there cushy overpriced salaries.....
Comment by
bailey2 on Apr 21, 2017 5:00pm
I don't understand what "on the cheap is". Quite possibly, an alternative to a cheap buy-out , is the doors closing, if they fail to keep the Titanic from sinking.