Discovery Air

[swordfish]

kevinsky18 asked:

How can this type of loan be sneaked through without public input or consultation....That’s not right, it’s not fair and it’s my tax dollars doing it.

You must be forgetting how Buffalo was awarded a multi-year, multi-million $$$ fire-fighting contract a few years ago. i.e. Exactly the same way: sole-sourced, no tender let.

You've also made several wild assertions that cannot be substantiated or backed-up. You have to be careful with that territory, as it soon becomes "fact".

For example:

First this is a loan given out by the NWT i.e NWT tax payers money

suggests you did not read (or completely understand) Mr McLeod's statement on the Opportunities Fund.

DA isn’t going to move their headquarters to the north nor are they going to move their flying school to Yellowknife either. They will open an office and put a couple of staff in there and call it “their head office.”

I assume you have "insider knowledge" of this assertion, that none of us are privy to?

chances are it will be staffed by already existing employees that are already up here

This is a certainty if the people already employed in London do not want to move here. Therefore it is axiomatic, and serves no informational purpose - simply argumentative.

They will keep their school in the south and when the government complains they will say, “but we asked our students to come and move up to YK to finish their training and they all said no so we had to stay south.”

Your implication is that they will require students to move North to complete training that is partially complete. Are you prepared to insult our collective intelligence by assuming they will not offer to complete that training in Calgary, in parallel with their move to Yellowknife?

Additionally, for certain many of those students moved to Calgary from some other place, to get their training, and it is just as expensive to live (and get a helicopter licence) in Calgary, as it will be in Yellowknife....just so "new" students are properly informed before making this traumatic move...

What is the NWT going to do now if they don’t comply with either of these conditions?

Another crystal-ball, forward-looking, negative-option pontification that they propose NOT to comply with these conditions? What basis do you have for that?

The government isn’t going to see a dime of interest.

This is a "fact", is it - or another of your wild assertions?

Where are the inquiries? So much of this stinks of fraud

So did the Buffalo deal...and it wasn't even a loan.

[TG1]

Please explain something to me. My employer operates out of the far north as well. We are also a publically trade company. If we need to raise capital we have to go to the banks and then likely to the markets for equity. During this current ecomomic crisis, we would get bent over hard try to get the cash but would probably get it eventually (at a price) due to our bottom line and assets.

Why should this be any different for Discovery air? We would likely be willing to attempt to fill their aviation shoes in the north.

PS (we are very similar corporately except we make money)

[rex sterling]

I don't understand why there is so much negativity towards this deal. It is not a bailout, it is a loan! You think that people who work in the same industry would be happy to see it go through. Discovery Air is drawing a loan from the opportunities fund. Using the fund for what it is meant to do. Other companies are able to apply for loans as well.....nothing stopping them from doing that. If they do not get a loan, maybe it is because they do not present as good of a business plan. Where is all the sour grapes coming from.

PS TGI, Discovery Air is making money as well, check their financial statements!

[TG1]

Why the need for a government loan? Clearly they should be able to find equity elsewhere if the bottom line is where it should be.


PS the money the feds give to the automakers are loans to. Would you bet your money onthem??

[rex sterling]

The reason that many companies are in dire straits nowadays are because of the credit crunch! Many profitable companies are not able to get financing because the banks are not willing to lend the money, even to companies whose bottom line is respectable.

[godsrcrazy]

it is my understanding Great Slave did not run a flight training school this year. Does anyone know if they did or not.

[Strega]

Who Cares!

I just want DA.A to make some money!!

[godsrcrazy]

Who Cares!

I just want DA.A to make some money!!

I care part of there commitment is to move the training school to Yellowknife.

For all those that think 5T (Air Norterra) has not been to the trough at least once read this. I believe the feds also gave them a $5,000,000.00 forgivable loan a few years back. I wish i could find it.

Loan fund names released
Northern News Services

Yellowknife (Oct 28/05) - The Northwest Territories Business Development and Investment Corp. has identified 100 companies that borrowed more than $25 million from a taxpayer-financed lender of last resort.

The disclosure capped a year of applications by Northern News Services through access to information laws and marked a complete reversal of the government's position.

Pawan Chugh, BDIC's chief executive officer, said in a letter to Northern News that the corporation released the information after the borrowers failed to reply to a letter requesting their views on disclosure.

Another 10 companies have asked Information and Privacy commissioner Elaine Keenan-Bengts to review the decision to identify borrowers and the amounts of their loans, Chugh said.

Bruce Valpy, managing editor of Northern News Services, which publishes Yellowknifer and News/North, said: "Not only did the government misinterpret the legislation and try to keep the names secret, they assumed companies would want to hide the fact they had received a perfectly legitimate government loan."

In her latest report to the NWT legislative assembly, Keenan-Bengts was critical of the way the government dealt with the request for disclosure.

The information commissioner had recommended that the government identify borrowers. That advice was dismissed, a move Keenan-Bengts called "disingenuous."

The commissioner's recommendations aren't binding on the government, but if public officials continue to ignore them, access to information laws "could lose all effectiveness, and the commissioner all respectability."

"This kind of response cannot be allowed to hijack the system," she warned in her report.

The $25 million in loans were made between 1999 and 2004 by the NWT Business Credit Corp., predecessor to the Business Development and Investment Corp.

Unlike the BDIC, which requires borrowers to accept disclosure of their identities and loans, BCC kept the information confidential unless borrowers defaulted on the loan.

Chugh was unable to say how many of the 100 companies that failed to respond to the corporation's letter are still in business.

The last annual report for the Business Credit Corporation shows that it made $7.7 million in loans in the 2004-05 fiscal year, well below the target of $22 million.

BCC's deficit at the end of March 2005 was $3.09 million, a $500,000 improvement over the previous year.

The clients

NWT Business Credit Corporation clients who received financial assistance between 1999 and 2004 and did not appeal the corporation's decision to disclose requested information.

Company Amount
Raven's Pub $25,000
NWT Ltd. $50,000
Air Norterra Inc. $2,000,000 Akaitcho Business Development
Corporation $950,000
ATS Services Ltd. $50,000
ATS Services Ltd. $100,000 Big River Air Ltd. $125,000
Big River Air Ltd. $300,000
Borderline Enterprises Ltd. $40,000
Bouchard Holdings Ltd. $25,000
Bouchard Holdings Ltd. $135,000
Bushmaster Catering Company Ltd. $75,000
C&D Home Maintenance Supplies Ltd. $37,000
Canada North Agencies Ltd. $193,000
Cedar Rest Hotel $105,272
Champ Construction Ltd. $43,500
Champ Construction Ltd. $82,320
Champ Construction Ltd. $120,000
Color Works Salon and Health Spa Ltd. $21,000
Color Works Salon and Health Spa Ltd. $179,000
Cozy Carpets & Interior Ltd. $160,000
Crafts and Such Ltd. $49,600
Craig Boyer Enterprises Ltd. $48,000
Craig Boyer Enterprises Ltd. $61,000
Crosscurrent Environmental
Services Ltd. $200,000
David Storr & Sons Contracting Ltd. $60,000
David Storr & Sons Contracting Ltd. $38,914.51
DDA Northern Safety Services Ltd. $200,000
Deh Gah Got'ie Betterment
Corporation $200,000
Deline Construction Ltd. $200,000
Denendeh Investments Inc. $300,000
Deton 'Cho Diamonds Inc. $1,000,000
DL Services Ltd. $381,350
Document Security Systems Ltd. $198,000
Doug Cardinal Consulting Ltd. $200,000
Evans Electric Ltd. $35,000
FC Services Ltd. $25,000
Flash Point Facilitators Ltd. $15,729
Great Slave Animal Hospital Ltd. $437,000
Hardisty Petroleum 2002 Ltd. $150,000
Hardisty Petroleum 2002 Ltd. $50,000
Hay River Hotel (1998) Ltd. $231,000
Holman Eskimo Co-op Ltd. $148,000
James Company Ltd. $236,000
K&K Contracting Ltd. $25,000
Kila Enterprises Ltd. $158,000
Kunnek Resources Development
Corporation $70,000
Kunnek Resources Development
Corp. $60,000
Kunnek Resources Development
Corp. $75,000
Kunnek Resources Development
Corp. $160,000
Little Buddy Daycare Centre Inc. $25,000
Maskwa Engineering Ltd. $198,000
McLeod Holdings Ltd. $65,000
Mountain River Outfitters Inc. $25,000
Mountain River Outfitters Inc. $20,000
Naha Deh Enterprises Ltd. $500,000
Nats'enelu Ltd. $100,000
Nogha Enterprises Ltd. $199,000
Norman Wells Petroleum Ltd. $200,000
Northern Maintenance Ltd. $50,000
Northern Solutions Inc. $68,232
Northshore Coffee and Water Ltd. $107,000
Oopik Tours and Adventures Ltd. $200,000
P&G Services Ltd. $10,000
Prevost Electric Ltd. $15,000
Prevost Electric Ltd. $25,000
Rabesca Resources Ltd. $152,000
Rampart Rentals Ltd. $275,000
Reflections Ltd. $157,315
Reflections Ltd. $35,750
SLFN Land Corporation (NT) Ltd. $7,750
South Slave Metis Economic
Corporation Ltd. $137,500
South Slave Paving Ltd. $540,000
The Carpet Shoppe (1983) Ltd. $540,000
The Fish Gate Ltd. $109,000
The Fish Gate Ltd. $142,000
The Fish Gate Ltd. $29,900 Trapper's Hideaway Ltd. $113,000
Triple D Holdings Ltd. $180,000
Twin Falls Inn Ltd. $198,500
Vinh Trinh Quyen Inc. $25,000
W&L Emporium Ltd. $170,000
Food Town Super Market $200,000
Pages $171,000
Pages $200,000
Dogrib Rae Band $425,000
Hotel Tuk Inn $285,000
Broadway on 51st $85,000
Rapid Travel $140,000
Rapid Travel $84,000
AJ's Electrical $103,000 Poison Painting $25,000
Trapper Trucking $180,000
Trapper Trucking $28,000
Raven's Pub $625,000 The Hay River Bakery (2003) Ltd. $150,000
Cabinets North $129,800 Jose Locos $174,000
Jose Locos $40,000
Ferguson Simek Clark $1,000,000
Taiga Tour Company $200,000
Pinecrest Hotel $15,000
NWT Ltd. $161,000
JR Enterprises $200,000
Pelican Rapids $50,000
Pelican Rapids $63,000
S&E Construction $60,000
Arctic Oasis $10,000
The Black Knight Pub $250,000
Westwind Recreation $200,000
Muskox Products Company $700,000
Muskox Products Company $490,000
Fort Simpson Beverages $170,000
Fort Simpson Beverages $95,000
902811 NWT Ltd. $200,000
Enterprise Plumbing and Heating $171,000
Northern Performance Small Engine $3,300
Northern Performance Small Engine $57,600
Northern Performance
Small Engine $17,000
MacKenzie Hotel $1,000,000
Norland Aviation Ltd. $90,000
Norland Aviation Ltd. $650,000
West Delta Property Management Ltd. $595,000
Western Arctic Lock and Safe Ltd. $53,000
Xah Ndah Resources Limited $25,000
Xah Ndah Resources Limited $75,000
Xah Ndah Resources Limited $223,000
Yamouri Inn Ltd. $450,000
Yamouri Inn Ltd. $275,000
Yellowknife Golf Club Co-op Ltd. $197,800

[Donald]

http://www.cbc.ca/canada/north/story/20 ... -loan.html

'Tolerable risk' in giving $34M bailout loan to Discovery Air: Miltenberger

The Northwest Territories government decided to give a $34-million loan to Discovery Air after an independent review deemed the loan presented a "tolerable risk, says Finance Minister Michael Miltenberger.

Questions linger about the loan, which comes from the N.W.T. Opportunities Fund. Terms are expected to be finalized this week, although the company had until Feb. 1 to refinance its existing debt.

Miltenberger, who also chairs the government's Financial Management Board, acknowledged that the bailout loan marks a change for what is usually a low-risk fund.

"What triggered the switch from the passive to being active was those economic circumstances and an unsolicited proposal that got us around the table to say, 'We have to look at this, because this is a big outfit, has lots of northern content, hundreds and hundreds of jobs,'" he told CBC News in an interview.

Independent review
Discovery Air, the parent company of Yellowknife-based aviation firms Great Slave Helicopters and Air Tindi and several other operations within Canada, announced on Jan. 19 that it received the Opportunites Fund loan.

Miltenberger said Discovery Air's proposal for financial assistance was independently reviewed — at Discovery Air's expense, for about $50,000 — and that review's conclusion came in favour of making the loan.

"There was risk, but it was tolerable risk, given the economic circumstances, the value added, and when you look at what would happen, God forbid, if an outfit that big would have ended up going under, packing its bags, leaving the North, whatever," he said.

The final decision to grant Discovery Air the Opportunities Fund loan came on Jan. 14 from cabinet and the Financial Management Board, government officials say.

"My job is to deliver upon the Financial Management Board and cabinet's direction," said N.W.T. Deputy Industry Minister Peter Vician, who chairs the society that administers the Opportunities Fund.

Politically motivated decision, MLA charges
Yellowknife Kam Lake MLA Dave Ramsay said no details about the loan were given to the MLAs' economic development committee, which he chairs.

"There has been no evidence that it wasn't just a politically motivated decision to lend the money," Ramsay said.

"I haven't seen any evidence. Nothing. Zero."

Miltenberger acknowledged that one cabinet minister is a Discovery Air shareholder and declared a conflict of interest throughout the loan decision process, but that's where the conflicts end.

"This type of thing, the friendship stops at the door," he said.

"This is business. This is government making investments, making decisions, trying to provide leadership in difficult times.

Non-cabinet MLAs are expected to bring up the Discovery Air loan when the legislative assembly reconvenes later this week.

[glorified bus driver]

I don't understand why there is so much negativity towards this deal. It is not a bailout, it is a loan! You think that people who work in the same industry would be happy to see it go through. Discovery Air is drawing a loan from the opportunities fund. Using the fund for what it is meant to do. Other companies are able to apply for loans as well.....nothing stopping them from doing that. If they do not get a loan, maybe it is because they do not present as good of a business plan. Where is all the sour grapes coming from.

PS TGI, Discovery Air is making money as well, check their financial statements!

Yes, this package is just a loan. This package is also going to be great for Discovery Air. But I think the sour grapes comes from the way the money was loaned without any public consultation. As far as paying the money back, I don't believe it will happen when the interest is at 10% and a normal profit margin is only at 6% to 7%. Speculation is that Discovery owes more then they are even worth, so as far as Im concerned this money leant is as good as gone.

[rex sterling]

Bus driver, I do not believe that this money is as good as gone. I believe that Discovery Air is a viable enterprise that will be able to repay its loans, if they were not able to, the loan would not have been given. As for what the company is worth, depends on what you are looking at; the value of its assets, or its value based on stock price. Between the planes and the infrastructure, they have more than enough assets to back their outstanding loans. And don't forget the contracts that they have in place.

[W5]

Discovery Air completes refinancing

http://biz.yahoo.com/cnw/090206/discove ... .html?.v=1

[glorified bus driver]

I guess it is just a matter of time to see what happens. I just wonder why it was done so shady and under the table. Also believe that there is a conflict of interest when the person who runs the bank that the loan is out of just happens to be the majority owner of Discovery Air's son. I hope all works out good in the end for everybody involved just have to be wary about those seemingly shady deals that take place as it did.

[CLguy]

Wonder why they wouldn't have borrowed from themselves?

http://www.theglobeandmail.com/servlet/ ... ory/Travel

http://www.pwbank.com/

[rum-runner]

Wonder why they wouldn't have borrowed from themselves?

http://www.theglobeandmail.com/servlet/ ... ory/Travel

http://www.pwbank.com/

I think because it would be the "Peter paying Paul" principle.
Both outfits are broke..well they were until they got bailed out.

I bet the PW bank is flush with cash now as well !!!

[AboveTheRuin]

Wonder why they wouldn't have borrowed from themselves?

http://www.theglobeandmail.com/servlet/ ... ory/Travel

http://www.pwbank.com/

I think because it would be the "Peter paying Paul" principle.
Both outfits are broke..well they were until they got bailed out.

I bet the PW bank is flush with cash now as well !!!

Normally I just sit back and laugh at the stupidity of the majority posts that plague avcanada threads, but you gentlemen have taken it to a new level. You may want to educate yourselves before publicly posting such blatant ignorance to the reality behind what has gone on with DA. I guess everyone is to there own...If you wish to continue to publicly make an ass of yourself, and illustrate your complete ignorance to the topic you have chosen to write about, please continue

[rum-runner]

[quote=Normally I just sit back and laugh at the stupidity of the majority posts that plague avcanada threads, but you gentlemen have taken it to a new level. You may want to educate yourselves before publicly posting such blatant ignorance to the reality behind what has gone on with DA. I guess everyone is to there own...If you wish to continue to publicly make an ass of yourself, and illustrate your complete ignorance to the topic you have chosen to write about, please continue [/quote]


Think we hit a wee bit of a nerve..
Suck it up sister !!

[lucky37]

Normally I just sit back and laugh at the stupidity of the majority posts that plague avcanada threads, but you gentlemen have taken it to a new level. You may want to educate yourselves before publicly posting such blatant ignorance to the reality behind what has gone on with DA. I guess everyone is to there own...If you wish to continue to publicly make an ass of yourself, and illustrate your complete ignorance to the topic you have chosen to write about, please continue

Please clarify such posts if you have information as to "the reality behind what has gone on with DA". Many people are interested to hear the true story. No sense calling people ignorant and not backing it up; doesn't give you any more credibility.

[swordfish]

I agree; your post simply rebutted the original without any supporting information. I actually didn't see the original post as "ignorant" nor "stupidity".

[godsrcrazy]

Wonder why they wouldn't have borrowed from themselves?

http://www.theglobeandmail.com/servlet/ ... ory/Travel

http://www.pwbank.com/

I think because it would be the "Peter paying Paul" principle.
Both outfits are broke..well they were until they got bailed out.

I bet the PW bank is flush with cash now as well !!!

Normally I just sit back and laugh at the stupidity of the majority posts that plague avcanada threads, but you gentlemen have taken it to a new level. You may want to educate yourselves before publicly posting such blatant ignorance to the reality behind what has gone on with DA. I guess everyone is to there own...If you wish to continue to publicly make an ass of yourself, and illustrate your complete ignorance to the topic you have chosen to write about, please continue

Come on Big Boy give us the real story

[chicken_lifter]

Wonder why they wouldn't have borrowed from themselves?

http://www.theglobeandmail.com/servlet/ ... ory/Travel

http://www.pwbank.com/

Come on Big Boy give us the real story

If anybody was really paying attention they might have noticed that the entire Board of Directors was booted almost half a year ago.

http://canadatech.info/modules/news/ind ... oryid=2030

Common guys. Quit slagging shit without researching the company in question.

Those saying that the company has more debt than assets... Google Finance listed their total assets at 404 million.

I believe the loan was a good move for the GNWT and will pay off in more ways than just the 13.6 million in interest. That's just my opinion, but only time will tell.

CL

[Rudy]

Is the f-18 pilot still the CEO?

[chicken_lifter]

Yep, Dave Jennings

[godsrcrazy]

Would this be the same Dave jennings. This clip is from stockhouse. He likes buying shares

Discovery Air Inc. (DA)
As of February 4th, 2009
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Jan 30/09 Jan 23/09 Bouchard, Paul Vincent Indirect Ownership Common Shares Class A 10 - Acquisition in the public market 120,000 $0.400
Jan 30/09 Jan 23/09 Bouchard, Paul Vincent Indirect Ownership Common Shares Class A 10 - Acquisition in the public market 30,000 $0.390
Jan 30/09 Jan 20/09 Bouchard, Paul Vincent Indirect Ownership Common Shares Class A 10 - Acquisition in the public market 100,000 $0.400
Jan 30/09 Jan 23/09 Jennings, David Alan Indirect Ownership Common Shares Class A 10 - Acquisition in the public market 120,000 $0.400
Jan 30/09 Jan 23/09 Jennings, David Alan Indirect Ownership Common Shares Class A 10 - Acquisition in the public market 30,000 $0.390
Jan 30/09 Jan 20/09 Jennings, David Alan Indirect Ownership Common Shares Class A 10 - Acquisition in the public market 100,000 $0.400
Jan 30/09 Jan 23/09 Toussaint, Paul Georges Jacques Didier Indirect Ownership Common Shares Class A 10 - Acquisition in the public market 120,000 $0.400
Jan 30/09 Jan 23/09 Toussaint, Paul Georges Jacques Didier Indirect Ownership Common Shares Class A 10 - Acquisition in the public market 30,000 $0.390
Jan 30/09 Jan 20/09 Toussaint, Paul Georges Jacques Didier Indirect Ownership Common Shares Class A 10 - Acquisition in the public market 100,000 $0.400
Dec 05/08 Dec 03/08 Toussaint, Paul Georges Jacques Didier Indirect Ownership Common Shares Class A 10 - Acquisition in the public market 35,000 $0.195

[AboveTheRuin]

Normally I just sit back and laugh at the stupidity of the majority posts that plague avcanada threads, but you gentlemen have taken it to a new level. You may want to educate yourselves before publicly posting such blatant ignorance to the reality behind what has gone on with DA. I guess everyone is to there own...If you wish to continue to publicly make an ass of yourself, and illustrate your complete ignorance to the topic you have chosen to write about, please continue

Please clarify such posts if you have information as to "the reality behind what has gone on with DA". Many people are interested to hear the true story. No sense calling people ignorant and not backing it up; doesn't give you any more credibility.

Fair enough…It is just frustrating to see people post on issues that they clearly have not bothered to look into. I do not have the time, nor desire to write books illustrating what I have taken the time to learn…and I'm not trying to say I know it all either.

Here is a quick shot, a small glimpse so to speak…but I urge anyone with interest to pay a little more attention form as many different perspectives as possible before making assumptions.

Discovery Air Ltd. was created by a successful, highly respected, business savvy, aviation enthusiast. The original company vision was to bring highly successful individual aviation companies into alliance to gain common synergy benefit and provide a vehicle for consolidation of Canada's profitable niche aviation services. The foundation for Discovery Air was built upon the (at the time) crumbling foundation of Hicks & Lawrence Ltd. in 2004. At which time; the company was pulled back up on its feet, with the help of a new management team and extensive injected capital. Over time H&L regained it’s stature of the respectable company it once was with improved facilities, equipment and strong financial backing.

As time progressed, more and more companies sought to join the ideal that was Discovery Air. Companies were chosen (yes chosen) based upon there successful nature, strong structure, and ability to fulfill niche operations for what they were created. It was never DA’s mission to acquire countless companies with the purpose to exploit, leach and ultimately erode the aviation industry in Canada. In fact, it was very clearly the opposite case and this was valued to all those involved with the creation of the company. The just intentions of (the original) DA were made very clear straight from it’s conception and were clearly evident through it’s actions in it’s dealings with H&L in the early years of it’s creation. Anyways, time passed and we enjoyed a climbing stock price of close to $2.50...The vision started to become reality.

Unfortunately, the vision of DA was soon jeopardized by the most volatile, unpredictable by-product of such a collection of entities - human personality and ego. It seems that the very ideal of DA ultimately has lead to its downfall. I am not a psychologist, so I won’t pretend to be, but it seems that the big-dick (or so they like to think) syndrome came into effect. The big ego’s associated with some of these personalities (some more then others) began to show their ugly colors. I’m guessing it was forgotten that just because an individual can be exceptional at one thing, doesn’t mean they are exceptional at everything. Call me crazy, but if people are better left doing what they do best and leaving others to do what they do best - isn’t that where the greatest results are found? Instead of creating internal friction, disruptions and distractions from the original business model that gave us a $2.50 stock value?
…and so the stock begins to slide.

What happen next seems to be a bit of a mystery, beginning with the creator of the company being terminated?? Umm, so in all there wisdom they decide to terminate the original visionary, founder and CEO (with a highly respected solid history of business) of the company and replace him with an F-18 pilot? I’m sure a capable pilot…but the CEO? Hmm…And was the original board booted, or did they resin after this ridiculous act? My guess is the latter of the two. One thing is clear, it shocked the business community and has left many questioning the integrity of the overthrowing group. Now we have seen the stock recently slip to as low as $0.10...The stock was once considered a solid, confident buy - but now as a risk…what’s the value of the company listed at these days, compared to what it use too? Wow, great job guys! And now it brings us to the topic of the original creation of this thread, and all the associated shadiness…why am I not surprised? It sure is going to be interesting when they execute the corporate office move to Yellowknife…Why don’t I have any confidence that’s going to increase my stock value from the mighty $0.20 (that’s just barely holding on). Something tells me that all this is the tip of a much larger iceberg that is sadly getting ready to fall apart.

I do not pretend to know all the details surrounding DA, but I do know that there is always much more than what meets the eye…or press releases. I’m simply a concerned stock holder, urging my fellow comrades to take the time and get as much of the real story from as many angles as possible. Keep in mind its not the original visionaries running the show now. The actions of the “new DA” have me deeply concerned that the vision is now more about massaging inflated egos rather then the amount of small change (or lack of) in the shareholders jeans and the good of our industry.