Given our estimated trailing EPS calculations and liquidity comments....
"We believe that our cash on hand and cash flow from operations will meet part of our present cash needs and we will require additional cash resources, to meet our expected capital expenditure and working capital for the next 12 months. We may, however, in the future, require additional cash resources due to changed business conditions, implementation of our strategy to ramp up our marketing efforts and increase brand awareness, or acquisitions we may decide to pursue."
we have decided to code DATI as a GeoSpecial. There is still much due diligence to perform, but if our assumptions are correct investors may feel there is little downside risk from the current price of $0.30 if it reflective of the 1 for 27 reverse spit that was supposed to occur post merger. There is a big caveat: We are attempting to verify if the price is reflective of the 1 for 27 reverse split. There have been instances where price adjustments have been delayed. If this is the case the current valuation appears more than fair.
FootwearRetail