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Gold/Mining/Energy : Dynamix Corp (DYX was Dakota Resources, DAK)

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To: bill718 who wrote (201)4/2/1997 5:55:00 PM
From: Benjamin Ng   of 587
 
Received the package yesterday. Comments, anyone? I am not encouraged by the financial statements. The company's assets are small, and they have little cash in the bank. Practically no revenues. No activity. How the heck are they acquiring properties? And what's the use?

Even after averaging down a couple times, I'm still down around 50% of my initial investment, and I can't afford to put anymore into this company. I guess I'll just wait it out. SCS says DAK is talking to another public company... any further insight on this?

It's mind-boggling that DAK shares are now lower than it has been for months. Even around Christmas, it dipped only down to about $0.28. I'm wondering what type of hype or activity will prop the value of the company...

Ben
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