Diamond Estates Wines & Spirit Inc V.DWS

What is the DELAY????

[88guy88]

Q3 was the end of December 31 2022 and was reported in February

Where are the Q4 results for the end of March 31 2023.....its already middle of July????????

Then the $750000 loan that needs to be paid back in 120 days from the issue....for general business purposes?

Is DWS going under ....something is definately going on and impossible to get any answers

[screamer99]

Annual reports in previous years were posted on Sedar at the end of July. As to what's going on with the company, who knows. They were very fortunate to receive the grant which would have covered a good portion of operational losses. This company is running on fumes - especially with the grocery stores reducing shelf space because of product not being profitable. 9 lives, 3 strikes, etc

[88guy88]

I agree with you....I think it goes a lot lower....people are holding on to their shares with a dream and a prayer..... I think a lot of holders of the stock will be blind sided.....no short or long for me either....I just don't see how the quarter is going to be anything but excuses and we are working on it plans.... Lassonde may not do a takeover and just sell their 30% as a block....or

[habsfan]

I too agree expectation is very low for next results.  Can't see any turnaround from past results and excuses. Lassonde is in the drivers seat and can do whatever is in their best interest. In my opinion just another company managed into the ground at the expense of shareholders that proped them up for several years.  Too bad but that's the market folks.  Good luck all !!!

[TheCount11]

Either can I see any turnaround from past results and excuses.  Mr Lassonde ran a great profitable juice company which he is chairman.  His daughter is CEO.   When the guys running Leucadia bought a winery shareholders "understood" profit wasn't the priority. What sucks with DWS?  Lassonde is worth over $750,000,000 and is not buying out small DWS

[screamer99]

And... BAM!!! Nearly 75% dilution. For what? to pay debt and ACCOUNTS PAYABLE??? Don't say you weren't warned - nearly two years ago! BB post The issuance price is a joke and is an attempt to put a floor in the SP.  Lassonde will be the eventual owner, but not because of an offer that is at a premium of the SP. They'll need to continue funding the company because the lenders

[holmian]

Management is a disgrace.