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Microcap & Penny Stocks : DACQ - Here we go again? -- Ignore unavailable to you. Want to Upgrade?

To: Don Lachot who wrote (3448)	2/28/1999 11:06:00 PM
From: jmhollen	Respond to of 3501

(new to thread) I ran across this "glimpse" from EDGAR (if this has already been posted - my apologies): DYNAMIC AMERICAN CORP Filed on Nov 18 1996 Management's Discussion and Analysis of Financial Condition and Results of Operations A major factor which management considers in evaluating the financial condition and liquidity of the company is its debt structure. Management emphasizes maintaining a low debt level to increase the liquidity and stability of the Company in an uncertain economic environment. The Company's level of debt is shown by the following ratios: Leverage Ratios 1995 1994 1993 ---------------- ------- ------- ------ Debt to assets 10.6% 8.6% 16.0% Total debt to equity 955.4% 9.4% 19.0% It should be noted that the total debt-to-equity ratio is effected by the "mezzanine" booking of $38,000,000 in convertible preferred shares outstanding. The Company considers these shares equity. In time the Company believes that such shares shall be recorded as equity by its auditors. If this were to occur, the total debt-to-equity ratio would be 11.9%. Capital Requirements - Conclusion of the acquisition of the assets of Bolivian Tin & Silver has created a condition wherein the Company will require capital to maximize the value of the investment in the acquired assets. Currently management is considering possible capital requirements of up to $10,000,000 for general capital improvements to enhance the overall viability and profitability of the projects. Generally it is considered by management that the investment, if made, would be expended as follows: (a) About $2,000,000 for capital improvements and operating capital for the tin smelter. Of this amount, $500,000 would be invested in a revolving concentrate purchase fund. This revolving concentrate purchase fund, if funded, is expected to dramatically increase revenues and earnings of the tin smelter. It should be noted that pursuant to certain arrangements with the German corporation, $200,000 was deposited in the revolving concentrate purchase fund as of January, 1996. The result was an immediate increase in revenue to annual rate of $6,000,000 per year. (b) About $5,000,000 invested in mine and mill development to increase the likelihood of a continuing long-term stream of tin concentrates for the smelter. (c) About $3,000,000 in a hydro-electric generation plant. Such an investment, if funded, could substantially reduce the overall cost of electricity, a major cost of tin production. It is estimated that electrical cost would be reduced from $0.07 per KWH to $0.01 per KWH. Experts who have visited the site indicate a high likelihood that there is sufficient natural resource energy to make a hydro-electric generation plant feasible. Except as described below, the Company has no firm plans as to how it could obtain sufficient capital to maximize its investment and meet the afore- described capital requirements. At this time, the following options are being considered by management, together with investment bankers and other consultants: (a) Public offering of shares to raise equity capital. (b) Borrowing. (c) Private placements. (d) Sale of convertible debentures or debt instruments. At the time of publication of this report, the Company has made some progress on its capital requirement as follows: (a) A subsidiary of the Company has entered into an agreement with a German corporation, whereby the German corporation has delivered $1,000,000 cash to the Company's subsidiary in exchange for right to purchase a minority interest in the Company's tin smelter in Bolivia. (b) The Company has received an offer with Vanity A.V.V. Aruba for $11,000,000 in financing in exchange for 25% of the Company's outstanding shares and 30% of the Company's Bolivian assets. This offer is subject to satisfactory completion of an on-site inspection of the Company's assets in Bolivia and satisfactory completion of a contract memorializing the agreement between the parties. These undertakings have commenced at the time of publication of this report. (c) The Company, from time to time, has issued shares for services and in consideration of private placements to meet on-going operating expenses and capital expenditures. Results of Operations - This report includes the Company's first audited financial statement for the period ending only a few days after the dynamic and sweeping reorganization of the Company's structure and assets. Accordingly, revenue and earnings or losses that are a result of the afore described reorganization will be reported in subsequent quarterly and annual reports. Effect of Recently Issued Financial Accounting Standards - - For a discussion of the effect of recently issued financial accounting standards, see note 2 of notes to financial Statements. Item 8. Financial Statements and Supplementary Data See financial statements and supplementary financial data listed in Item 14. Change in Fiscal Year End. The Company elected to change the fiscal year end from December 31 to September 30. The purpose of this change is for the financial statement of the Company to coincide with its fiscal year end of its operating subsidiaries in Bolivia. The accompanying financial statements are for the nine months ended September 30, 1995. Item 9. Changes in and Disagreement with Accountants on Accounting and Financial Disclosure There were no changes in or disagreements with accountants on accounting and financial disclosure.

To: Don Lachot who wrote (3448)	2/28/1999 11:09:00 PM
From: jmhollen	Read Replies (1) \| Respond to of 3501

It certainly looks like there could be some "connection" or "similar competitive interets" between DACQ and Golden Eagle (MINE/MYNG/[?GEII?]). See www/geii.com John :-)

To: Don Lachot who wrote (3448)	3/8/1999 11:47:00 AM
From: Mitch Aunger	Respond to of 3501

Well, here is a post from someone... who claims something about DACQ... Who knows... everyone wants to hype? ******************** bullrally.com Bullrally Discussion Board DACQ & HOPR Posted By: PENNYPICKER Date: 3/7/99 18:53 HOPR will surpass CHES easily!! News is coming soon!! PR releases will be out soon for DACQ!! Get in on this bargain basement gems...cause you can make a good profit on these!!! You can thank me later!