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Bullboard - Stock Discussion Forum Diamond Estates Wines & Spirit Inc V.DWS

Alternate Symbol(s):  DWWEF

Diamond Estates Wines & Spirits Inc. is a Canada-based producer of wines and ciders as well as a sales agent for over 120 beverage alcohol brands across Canada. Its principal business activities include the production, marketing and sale of wine, and through its agency division, operating as Trajectory Beverage Partners (TBP), distribution and marketing activities for various beverage alcohol... see more

TSXV:DWS - Post Discussion

Diamond Estates Wines & Spirit Inc > Signs management does not care about shareholders.
View:
Post by TheCount11 on Sep 16, 2024 12:50pm

Signs management does not care about shareholders.

That might not be totally accurate. 

Its probably better to say "signs management does not care about small shareholders" because a large shareholder like Lassonde can evenutally replace exec management. 

"Diamond is purchasing the agency and supplier contracts, the intellectual property of Perigon, and other intangible assets associated with Perigon and its agency business, such as its website, customer lists, business names and inventory.
 
The purchase price is estimated to be approximately $1.755 million and will be finalized on closing based on Perigon's latest financial results."

Issuance of common shares of Diamond in four tranches as follows: on closing, 5 million common shares at $0.26 per share, and thereafter an additional amount of shares having a value of approximately $455,000 issuable in three (3) equal installments (each representing one third (33.3%) of the balance owing) payable every six (6) months over the eighteen (18) month period following closing, subject to certain adjustments based upon the achievement of gross margin targets.

This will strenghten the bench.  I would not be surprised if some DWS execs got their walking papers in 2026.

With all the new shares there will be even more pressure on the stock price over next 18 months which will likely depress it.
Comment by habsfan on Sep 17, 2024 8:33am
I don't know if DWS can wait until 2026 to make Mgmt changes.  This company is a disaster that needs attention now.  I would like nothing more than Lassonde to get involved however, keep in mind it's the retired father who owns most of the Lassonde shares. He probably influences the other shares owned by the Lassonde Group as well.   Consider that we don't know what ...more  
Comment by diamondlessnono on Sep 19, 2024 10:49pm
I'm not waiting. Sold my .022 shares yesterday and today. Time to move on. Slowly they will all be gone.
Comment by habsfan on Sep 23, 2024 11:40am
I think you are right to move on from this mess.  The latest purchase (Perigon) makes no sence.  Howard failed with this company before and now feels he can turn things around all while overpaying for the purchase.  Here is a novel idea, why doesn't he focus on his core business and actually turn a profitable quarter for once!!!   I am right behind you if something ...more