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This is the news that concerns me. I don't know how many shares DCUT has right now, but they've just added another 5B to pay for Warner Internatinal. Then they will become Warner International. It just doesn't look very good. If anything the guy being payed should be dumping his shares. I can't say exactly how much I think they are worth, but they were a *shell* (IMO) for a long time and then they went and bought another company. Just doesn't make any sense.
Warner International Networks Corp. Announces Vision for the Future and Its New Officers
By Market Wire Last Update: 8/30/2005 8:52:30 AM Data provided by
TAMPA, FL, Aug 30, 2005 (MARKET WIRE via COMTEX) -- Dicut, Inc. (DCUT) announces the acquisition of Warner International Networks, Inc. (WIN) for One Million Dollars USD ($1,000,000.00) payable in shares at the discretion of the board of directors.
Additionally, the board of directors of the recently renamed Dicut, Inc., elected Mr. Jeffrey Kompon as CEO, replacing Mr. Jerry Janik and also reelected Mr. Pierre Quilliam as the CFO.
The acquisition is closed pending a future settlement arrangement between the Company and Dicut's creditors.
"We are pleased with the acquisition of Warner International Networks and the name change as well as the new focus and direction of the company," stated Mr. Kompon. "I am very pleased and confident in announcing the solid foundation of personnel we have established with the sole focus in acquiring corporations to generate immediate revenues for the Company.
"I believe that the future of Warner International Networks Corp. is to always ensure that we are on the cutting edge of internet technology and innovation without losing the original focus of the Company, which has kept Dicut as an industry innovator in the technology sector."
"We have many opportunities in today's marketplace and anticipate immediate growth with the current pursuit of acquisitions. Our strong leadership and personnel will keep us ahead of the curve."
For further information contact Pierre Quilliam or Jeff Kompon at #941-761-7848 and/or Rich Kaiser, Investor Relations, YES INTERNATIONAL, #800-631-8127.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
SOURCE: Dicut, Inc.
-------------------- If you don't sweat the pennies, you're not making any money.
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quote:Originally posted by Chadsly: After 50 Million then you might want to start thinking about Momo, but it's had over 85M with no movement recently.
I agree this has a ton of shares. There have been a lot of accumulation on this levels. I think is worth watching this one it could pop in a week or so. A gamble for me...
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