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DCPCF<--is a Chines tutrd paper product company, this stock is an admitted turd as is shown by the following statement: " The company reported two contributing factors for the decrease in revenues. First, during the first nine months of fiscal 1998, Dransfield stopped distributing Proctor & Gamble's Tempo brand paper handkerchiefs, whic had been a significant revenue source in 1996, in preparation for the launch of the company's own "D&F" brand paper products. Second, the company continued to contract its paper merchanting activities, which had been established in 1994 as a means of establishing credibility and contacts among suppliers of waste paper. Waste paper will be a necessary raw material for the company's pulp mills, once operational. Mr. Yao said, "After terminating our relationship with Proctor & Gamble, we introduced our own branded line of tissue paper products. We consistently achieved market penetration of 40% with the Tempo brand, and we are confident of achieving, over time, significant market penetration with our own brand." In addition, the company recorded two one-time expenses during the nine month period. The first was a $52,000 loss on the disposal of subsidiaries, and the second was a non-cash expense of $111,000 relating to the amortizatio of previously granted stock options. The total stock options expense to be amortized amounted to $330,000 and the balance of $220,000 will be amortized over the next fifteen quarters. Also, the company incurred expenses of approximately $83,000 associated with the activities involved in communicatin with the U.S. financial community after receiving listing on the Nasdaq Stock Market. Then they tell us all how bad they are doing and then you have to puke!!! but make sure you short the hell out of it firsta nd if it gaps and runs just hang in because all they do is make paper turd wrapping paper, unless ofcourse they sign a deal to sell MSFT chinese toilet paper and pulp products..or become tproll.com Either way, if you own this, you should click! call911i'monsmack.com | ||||||||||||
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