This is Dexx's Pick, but I never seen these before.....
Dexx likes DDEQ, the company that owns GoProfit.com and will be spinning it off in an IPO..Excellent stock and one that I own a small amount of.
This was sent to me...I hope these are real..Dexx, can you confirm?
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EMAILS RECEIVED FROM THE CEO OF DDEQ-must read!!!!!!
(email Dave Westfere, CEO of DDEQ if you want to check the validity of these emails or if you have more questions-his email address is UPAY@aol.com)
Email received 4/23/99:
I am glad that you like DDEQ stock. The IR firm concerning
GOPROFIT was not hired by DDEQ. We have never contacted them nor paid them.
GOPROFIT does plan to spinout of DDEQ through an IPO but I don't know the
timing. DDEQ has 120 days from the signing of the purchase document (April
5) to help GOPROFIT to file the IPO with the SEC.
If you have any other questions please call me at 602 921 2760
Thanks
David Westfere
President
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Email received 4/30/99:
As I had said before, we are looking toward the IPO sometime this
summer and yes it would go NASDAQ. Any other information on GOPROFIT will be
on its web site. The site should be complete in mid june. When we have news
we will make a release. Most current news can not be released to the public
because of confidential contracts in place and that alone should tell you
that we are moving along with the project.
Thanks
David Westfere
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Email received 5/11/99:
Here was the email I sent Dave outlining my questions:
Mr. Westfere,
Just a couple of questions for you
1) When you have spoke of a spinout or spinoff of Goprofit from DDEQ are you also speaking of a spinoff dividend for DDEQ shareholders. Please clarify your definition of spinoff or spinout. When I think of the word spinoff like many of the other holders of DDEQ we think of the TNRG scenario. Where TNRG spinoffs TIPS. For every 4 shares of TNRG you have you recieve one share of TIPS. Now I am not saying this is the ratio you are thinking about, but I think it may be time to clarify DDEQ's position on this. I do not need to know the actual ratio, just if this is what you are thinking. Please clarify. The former IR firm led us to believe this was true. I don't think we want any misled DDEQ shareholders.
2) Have you made any headway on any other internet acquistions?
3) Rumors have been running rampant again on news coming. Is this true or are daytraders trying to manipulate this stock. If this is true about news coming, who are the insiders leaking this info. Just something to think about.
4) Concerning the former IR firm, I personally didn't have a problem with them. But let me give you an update on what is being said and going on. MIKE DOOLEY-I never talked to him and don't want to point fingers-but he is the one supposedly who may have misled investors-have seen several posts mentioning his name .
Also, the former IR firm has been hounding shareholders including myself about the number of shares of DDEQ we bought. I gave them the info. they requested, but today I was called again and now they want the actual trade confirmations from me on this. What is your take on this? First time around they told me they needed the share info. to get their bonuses, today I was told they need documented info. because they want to represent DDEQ again. To me they are pushing just a little too hard and it is becoming a real turnoff.
As you can see, I am a big fan of your company and see tremendous opportunties here. Please email me back with your thoughts and opinions and a clarification of what a spinoff means to you. My intentions here are sincere and for the best of DDEQ. Let me know if I can help you in any way.
Thanks for your time,
DAVES ANSWER DATED 5/11/99:
1. DDEQ is thinking of offering a ratio of shares to its stock holders and
then a possible rights offering. After these are done and the web site is
launched GOPROFIT will have an IPO. The IPO will spin GOPROFIT out of DDEQ.
2. There has been no other internet acquisitons to date.
3. Most news in GOPROFIT must stay within the company. Any news that can be
released to the public will be on business wire. I hope to have information
on the dividend shares soon.
4. They have never repesented DDEQ, nor will they. In my opinion, if they
called me I would tell them to F--- OFF. From what I have heard they have
been a real pain to all of the shareholders and I don't like it. They have
not nor will they ever receive anything from DDEQ. So, it sound like they
are not telling you the truth.
Thanks
David Westfere
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Email received 5/16/99:
MY QUESTIONS ABOUT WHEN NEWS WOULD BE COMING:
Sir
News was just released about GOPROFIT. The site should be up in mid
June. More news should follow about the dividend.
Thanks
David Westfere
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Email received 5/24/99:
MY QUESTIONS ABOUT THE CLASS B SHARES AND THE CURRENT OUTSTANDING SHARES AND FLOAT SIZE.
The company had 4,666,099 shares outstanding at last year ending.
The company that holds the class B preferred has converted 900 shares into
900,000 shares of common stock in DDEQ. Last year the float was estimated at
one million shares. So, the float today is between 1.5 million and 2 million
if no other large shareholder has sold any shares. As far as I know, the
largest shareholders have not sold their shares.
Thanks
David Westfere
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Email I received from Dave today. It concerns an email that I received from a supposed concerned shareholder that said he heard that there was no IPO of GoProfit.
Here is Dave's answer dated 5/27/99:
This is not true. GOPROFIT will do an IPO. If possible the DDEQ
shareholders will receive a dividend and rights offerings.
Thanks
David Westfere
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Another email received 5/27/99 concerning Dave selling shares of DDEQ and when the dividend news would be released. These are Dave's answers:
I sold my shares because I needed the money. DDEQ does not have a stock
option plan for directors or officers. The stock sold was purchased by me.
I expect to release news as soon as I can. The attorneys are writting
the proxy. The web site is the main concern now.
-----------------------------------------------------------------------------------------------------------------------------------------------An email received from Dave Westfere to another shareholder other than myself dated 5/27/99
1. We the attorneys are finished and the dividend will be 1 for every 10 or 1
for every 5. the dividend will be followed by a rights offering.
2. Finance of the IPO will not be a problem. GOPROFIT may sell its IPO on
the web site, use an underwriter, or self underwrite. The options are still
open.
3. DDEQ has 18,000 class B preferred shares outstanding that convert into
18,000,000 shares of free trade common.
4. current outstanding is about 5,566,099. The float is not known but a
good guess would be about 2 million.
Thanks
David Westfere
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