DCAC - Shareholder Update Daniels Corporate Adv
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Posted On: 12/11/2019 9:36:11 AM
DCAC - Shareholder Update
Daniels Corporate Advisory Company, Inc.
Shareholder Update
New York, New York - June 7, 2016.
Daniels Corporate Advisory Co. Inc (OTC:QB "DCAC"
is pleased to announce it is continuing to move forward with some of the most promising previously announced deals as well as some promising new ones that will be announced as they move from development to operational stage. The most promising of these will be groomed for public offering by means of spin-off or through some form of alternate public offering. In any event, the current shareholder base will benefit if they persevere.
The above being said, in order to move the company forward the Company was advised to make several moves that on the surface may appear problematic but in actuality will, in the long run, produce a much stronger company.
The Anti Dilutive Convertible Preferred Dividend that was originally filed with FINRA on March 7, 2016 has been postponed. The Corporate Action that needs to be addressed first is the reverse split so activity in the DCAC common stock can resume. Once the reverse split is cleared and implemented, the Company will re-file with FINRA so that the shareholders as of record on April 15, 2016 will receive the promised Preferred Shares.
In the near future a post office box address will be supplied to the shareholders to which they are to mail copies of their initial confirmations for purchase of DCAC shares prior to the record date. Also, the brokerage statement for April, 2016 evidencing that ownership took place on or prior to April 15, 2016 must be provided.
A new formula will be developed for the issuance of the Preferred Stock to the April 15, 2016 record date holders that will give them greater participation in the future of the Company. This is necessary because of the need to change the Company's position on the size of the reverse split, which is now 2,500 for one and no longer 500 for one.
More details will be forthcoming in the near future.
Daniels Corporate Advisory Company, Inc.
Shareholder Update
New York, New York - June 7, 2016.
Daniels Corporate Advisory Co. Inc (OTC:QB "DCAC"
is pleased to announce it is continuing to move forward with some of the most promising previously announced deals as well as some promising new ones that will be announced as they move from development to operational stage. The most promising of these will be groomed for public offering by means of spin-off or through some form of alternate public offering. In any event, the current shareholder base will benefit if they persevere. The above being said, in order to move the company forward the Company was advised to make several moves that on the surface may appear problematic but in actuality will, in the long run, produce a much stronger company.
The Anti Dilutive Convertible Preferred Dividend that was originally filed with FINRA on March 7, 2016 has been postponed. The Corporate Action that needs to be addressed first is the reverse split so activity in the DCAC common stock can resume. Once the reverse split is cleared and implemented, the Company will re-file with FINRA so that the shareholders as of record on April 15, 2016 will receive the promised Preferred Shares.
In the near future a post office box address will be supplied to the shareholders to which they are to mail copies of their initial confirmations for purchase of DCAC shares prior to the record date. Also, the brokerage statement for April, 2016 evidencing that ownership took place on or prior to April 15, 2016 must be provided.
A new formula will be developed for the issuance of the Preferred Stock to the April 15, 2016 record date holders that will give them greater participation in the future of the Company. This is necessary because of the need to change the Company's position on the size of the reverse split, which is now 2,500 for one and no longer 500 for one.
More details will be forthcoming in the near future.
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