To see what will happen to DDEQ, take a look at BANY/ANYI early next week.
BANY spun-off ANYI shares to its shareholders on a 1 for 45 shares basis in December. As it turned out, you had to own the shares on the dividend distribution date, not the date of record. Many people were upset because they sold after the date of record and did not receive the dividend. I am going to hold through both dates, just to be safe.
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ANYI is not doing an IPO, but will begin publicly trading Monday afternoon, hopefully. It took 8 months for ANYI to begin trading because of the new listing rules for the NASDAQ OTC Bulletin board and severe administrative backups at the SEC. ANYI was to start trading last week, but didn't open because of the NASDAQ computer snafu on Thursday and a SEVERE buy order imbalance. Of the 4 million ANYI shares outstanding, BANY owns 800,000 and gave 200,000 to its shareholders. People are buying BANY now at $1.12 as a surrogate to ANYI because of the 800,000 shares of ANYI that BANY owns. When ANYI starts trading and they buy ANYI shares, driving ANYI up into the mid $50's, their ANYI shares will benefit too.
I expect a similar chain of events for DDEQ, except the dividend spin-off ratio for DDEQ/GOPROFIT is much better than BANY and GOPROFIT will be IPOed by a well-known Wall Street investment banker on the NASDAQ.
There have bben many other "backdoor plays", but most of them occured in the Spring. Follow BANY/ANYI early next week to get a glimpse of the potential for DDEQ/GOPROFIT. |
