It was interesting to see the investment trigger in the employment agreement press release (June 14) for the COO,: "After the completion of an offering of the Company's common stock greater than $2 million to an investor who, at the time of the investment, does not own or control shares in the Company, Executive's salary shall be increased to $160,000 per annum."
Since there are no S1's filed, one has to question what Dais is up to and what value they are now applying to the company. Given the last attempt to get the HK investors in at $0.10, which failed, definitely raises concerns.
If you have a good experience you tell one person, if you have a poor experience you tell 10. Having invested in successful tech companies, as well as tech failures (and bankruptcies), Dais stands out as one of those in which the company hype far exceeds the company's results or capabilities. When you look at the technology and opportunities, you are lured in. The management (which has been in place since the beginning and failed to perform) has demonstrated an inability to generate anything other than hopeful press releases. After seeing the many press releases on China, HVAC, ERVs and other systems, to then see them move out of ERVs and not really progress on any front, you have to question the operation and management and long term viability. When the only positive press over a 10 year period comes from the company itself and there is no resulting follow on, it raises serious questions.
So with a negative experience, you tell 10 others.