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DGSE Companies Inc. Message Board

  • barleyweed2007 barleyweed2007 Apr 26, 2012 5:45 PM Flag

    Is This Trading Anywhere?

    If not, shouldn't value be the same when (if) it does open? Seems a little shady with all the quiet. Any guesses on open price?

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    • LOL. u guys are funny. Fraud is a fraud. "Oh its only a partial fraud so its ok". Good logic. That will really help. U really think they would fake inventory in just ONE location?

    • My guess.. $3 or less, if lucky. Then they probably violate bunch of covenants with Texas Bank which obviously probably wants all their $4.5 million back already since there was clearly some kind of fraud here, that doesnt take rocket science. Then eventually the stock is maybe $1 or $2 where it belonged in the first place, if the company survives.

      • 1 Reply to kiansoccerdude890
      • I think you fail to see the big picture. If the issues are truly balance sheet and inventory related, then there would likely be little material effect on the current balance sheet because all that inventory has likely been sold in the 5 years since. That's because the inventory issues are likely related to the Superior merger (I bet stuff "went missing").

        Even if in the unlikely event that present balance sheet is affected, such as current inventory not being what the latest 10Q reported as its value, NTR will step in and provide additional liquidity to bring the company into compliance with debt covenants. Texas Capital Bank will likely keep its credit facility in place if they are assured the issues are old and proper controls are in place.

        Where the stock opens is dependent on what the few shareholders the company has do when the report is finally released. Long term, however, this is now a gold company. All of these past issues are essentially irrelevant (provided any fraudulent activity or players are out of the picture)

 
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