Of general interest: DAK was second-most active on the ASE for Monday, with 445K shares traded. (First-place winner was HEG/A at 1.2M.) At one point I saw a 100K block go across the board, although it was within one house.
I just re-read my previous post, and felt I should clarify what I had stated. I am not suggesting that DAK is being hyped up or promoted, in case that was the impression given. What I should have said is that I understand that coverage of DAK by the Small Caps Speculator (SCS) is not solicited or endorsed by the company, so I only hope that any coverage of a company like DAK is done for the right reasons, and not for personal gains or gratification of the writer.
Fortunately, I have noticed that SCS has taken a more conservative approach which basically says, "have a look -- here's a solid company which could yield some good returns in the next little while." It's quite a contrast from the SCS mailings back on Sept 16/96 (yes, 96!), which stated: "If you watched Cybersurf (CY ASE) take off last week you know what DAK is capable of. Don't chase this one over pennies, get in and get positioned!!" Or Sept 26/96, when SCS stated that "DAK will explode shortly!" Guess what? The value immediately reached new highs (~0.60) which it hasn't seen since. That's about where I naively got in! Hype (from many sources -- not just SCS) caused a rapid peak, followed by a rapid dive.
Time has passed, and we now have a whole new company. I think a steady and gradual climb would be welcomed by all, and is now conceivably achievable on sound fundamentals. Last year, I would've been looking for a good exit opportunity, but now I think I'll hold on since the company is genuinely seeking opportunities for growth and profitability.
My apologies if I was faulty in my implications regarding the value increase; I guess I found it peculiar that DAK suddenly peaked, coinciding with SCS's recent e-mail, which hadn't mentioned DAK since Aug 29/97. I failed to recognize the extra positive exposure which this "Buy Low Sell High" newsletter was providing.
Lastly, the January 22 release is worth a read (and re-read):
192.139.81.46
Recall the (revised) private placement to raise $1M. Making up units are a share at $0.25 (incidentally the current market price) and a warrant at $0.40, exercisable until end of June '98. $0.40 by June would be respectable, but as BLSH and other sources are indicating, higher values are not far from realistic.
Oh yeah, one more thing -- if you haven't already been there, visit Dakota's home page: telusplanet.com
Best regards,
Ben. |
