Dear Cashmere Holding Company (PK) (DRCR) News

Well that didn't take long. Now it is 4 cents. It seems like people are fed up and tired of waiting.

At least it's not 4 cents.

We haven't heard from mgmt. since the deal fell through? What wrong with this picture?

Can someone on this board please tell me what their investment thesis is for DRCR? Is there something they like about this stock in particular? Are the investors here stuck in this play from 3 yrs ago amidst the gaming hype and COVID money? Are people playing this, hoping for a random pink sheet style squeeze? Are there any investors left here? Last count, there was only 145 people invested.

It's almost like no one wants this anymore. I thought trading was halted. What dilapidated cash strapped big board company will DRCR try to connect with? Maybe they should try ASNS?

agin Austin igal whateve your name is (very low iq) why don’t you shuv more Oreos up rickers toosh get the factory fist pumping ? A s s all o v a your f a c e 😲

What's funny is that now that SGN has unburdened itself from Nick Link's DRCR by wisely cancelling the reverse merger, it's stock price has resumed heading north, while the foundering OTC Pink Sheet DRCR continues to slide down into the abyss of single digits. I think that DRCR is headed toward record breaking lows. It's unfortunate that DRCR couldn't meet the criteria of making it to a big board. It really makes you wonder what's wrong with DRCR, when a company like SGN can make it to the big boards, but DRCR can't.

Funny.

Swifty Global (OTC:DRCR)
@SwiftyGlobal
$DRCR Swifty has become aware that SGN filed an 8-K yesterday, terminating the deal between Swifty and SGN. Swifty management was not informed of this decision in advance, nor have we had a call with SGN for further details. We will be evaluating our options in the coming days regarding how to proceed.

As expected. Disappointment.

SGN DRCR cancelled https://www.otcmarkets.com/filing/html?id=18252737&guid=1NB-kFJLzJX_B3h

PROBABLY HEADING DOWN TO .03 AGAIN.THE SAME CREW THAT HOLDS SHARES IN THIS. ARE INSIDERS, ON ALL THE OTHER SHARE SELLING SCAMS==ILUS,SAML,QIND,AND HTOO.THEY ARE ALL DOWN THE CRAP HOUSE.

Trying to think ahead and ponder exactly what on earth will be said when this deal collapses and who will make the announcement? I think that SGN is doing all the PR, so once they assign failure due to a DRCR complication, I fear that the DRCR stock price will certainly suffer.

Hmmm paid cheerleaders (one eternity closer) Buying time? Typical of fraudulent paid pumpers . Sounding real familiar, Ask ourselves who keeps appearing across multiple platforms? Who keeps appearing as the share price keeps disappearing? Can you explain agin Austin? This clowns profile created 2021. The sec loves the crack down. Let’s see what happens - was it all a dream? Or a scheme? One day closer.

Do you think that the NASDAQ Capital Markets will approve this merger? What is the deal with DRCR's fully diluted 5 Billion shares? How will that be handled? Why has there been no announcement regarding this in yesterday's 8k?

The silence is deafening.

DRCR doesn't seem to be able to hold any gains. A quick increase in SP from yesterday's SPA agreement news, only to be followed by a quicker decrease in SP. After over a two month delay, I was expected a completed deal, not just a SPA. These negotiations have been going on since April 2024. There's so much more to do in order to finalize this deal. So many more hurdles to clear. I have a bad feeling that despite the apparent progress, this deal will not get done.

$DRCR .124 +6.85% Daily Chart #Bullish

News: Swifty Global Announces Signing of Share Purchase Agreement to be Acquired by Signing Day Sport (NYSE AMERICAN: SGN)

DRCR share price has clearly stabilized. Definitely not tanking. Deal is still on. If it weren't then SGN would have had to issue an 8k and they have had plenty of time to figure that out. I don't like waiting, but it seems the prudent thing to do.

I guess we don't have to wait until any possible news of failure as the SP is tanking all on its own.

Do you think we are headed back to all-time lows if the deal falls through or if they continue to be silent for much longer?

When do they announce the failure of this deal to be complete?

Oh, and don't forget that 2,000,000 shares were recently unlocked, after which sales began. I suspect that someone got these shares for services at a minimal price. And now they want to sell them, they don't care what the company is worth, they need to pay the bills. As soon as the seller with 2,000,000 shares ends, the price will return to $0.15-$0.20, and then we wait for positive news and access to the NYSE or NASDAQ.
In the 10-Q report, which will be released in 1 month, we will be able to see who was released these shares.

Thank you and good luck to you as well.

It seems clear based on the SEC approval of the $100M shelf regestration effective in less than a week that the SEC has no issues.
Likely getting through the NYSE approval process now, but with the holidays that process slowed down and I'm sure there has been some back and forth.

No way that HC Wainright gets involved to the extent they did if they were not confident of this deal going through.

I'm buying more even as the price goes down. Too good of a deal. The valuation puts DRCR at a value of $2.90 depending on the number of shares of preferred that are converted. But we know that Nick Link needs the DRCR shares to be valuable for ILUS's 10M in holdings.

If you have to leave, good luck. I'm holding and accumulating.

I've been bag holding this junk for 3 years now. I should have been trading it all along, like the others. I thought there was potential here. I suppose, like all OTC stocks, long holds don't produce desirable results. I was initially hopeful but now the truth is in front of me. I'll most likely be selling my holding very soon at a loss, before this finds its way back down to ATLs. I may buy back in once we hit ATL's. GLTA

I'm getting sick of this stock and all the false promises and missed deadlines. What's going on with the SGN deal? I need a 200% gain just to break even. This hasn't done much in two years now. It can't hold gains for any period of time. I hate to think what happens if this deal falls apart.

DRCR was supposed to officially uplist some time in Mid-October, which was pushed to the end of October and then subsequently to November 22, 2024, so within the next 3 days. Does anyone know what is causing the delays?

I was very happy to find that the Irish license has been approved for a while and now, as of October 8th, there is an Irish Swifty Website that is operational and taking bets.
I can't find any other Swifty website that is operational and taking bets, as a couple of them are touted as coming soon (a UK based website and a dotcom website). It is my understanding that the Curacao licensed swiftygaming.com website is no longer operational for a few months now, and now belongs to a company called YAO Entertainment. This means that there is only one website operational and taking bets, the one in Ireland, and only two active licenses, those being Ireland and the UK, but the UK has no website. There is no active Curacao license or website. South Africa has acquired a license, but has no active website to take bets and the Maltese license has not been secured at all, as of yet, nor are there any other licenses or websites to support East African nations. I'm a little worried as we are nearing the end of 2024, in terms of what was promised from your 10k quote, as well as, the recent missed opportunity with SGN and a subsequent uplist. Maybe, like most other gaming companies, Swifty can uplist via SPAC or IPO. Thanks for the information about the name change. I'm interested to see the third quarter results despite the Curacao situation.

From the latest 10K:
"SWIFTY also holds UK, Irish and Curacao gambling licenses, with South African and Malta licenses pending for active gaming in those jurisdictions and in 2023 SWIFTY acquired the rights to some East African licenses which SWIFTY intends to develop in the second half of 2024 through mobile money and SWIFTY betting technology."

And as you said, Ireland is now apparently approved.

As far as name change, they won't have to worry about that with the merger/uplist that they are doing. FINRA controls that for OTC, but not for NYSE to the best of my knowledge.

Does anyone know why this company hasn't changed it name or uplisted in the last 3 years? It looks like they have given up on any name change on Silverflume Nevada.
Does anyone know which countries that Swifty operates in and actually has active betting websites, beside the newly launched Irish website that came on-line 2 weeks ago?

You are right.I went to their betting site for Ireland and is something someone can buy for a few thousand dollars and set up shop in days.
I always thought they had something special incorporating predictions and analysis within their betting site.
I can't see how a website of which there are thousands basically identical around the world in what it offers can ever achieve big success

They have absolutely no advantage or do anything special, nor do they have any brand awareness. The Predictions App doesn't appear to have broken into the 1,000's of downloads, since it's still being measured as 100+ downloads. They have a scant social media presence and do not appear to spend any money on marketing. Do you follow this ticker on Stocktwits? Some interesting information and debate there as well.

I tried to download from both UK and Ireland without success.
I left both countries last week.Don't know if I could do it with VPN but I doubt it.
The reason I have been trying to download it is that from some promotions I saw
and what they have been saying, it looks different than other sportsbooks giving
predictions too.That looked odd from the start since you are either a bookmaker or
you give predictions to beat the bookmaker.
So if you say it is a sportsbook like handreds around the world, what advantage do they plan to have over others?

What are you trying to download?
Have you tried swiftysports.ie yet? It went live yesterday.
How did you even hear about Swifty?
There is nothing unique about their gambling website, it looks like the 50,000 other ones.

So from Manchester airport I was not allowed to download it.Using VPN again not allowed.I guess Apple Store knows from my account that my device is not UK based.
(I didn’t do my homework to see that only in UK it is available yet.)

No luck.I cannot download it.Obviously they haven’t started taking bets here yet.

Has anybody else tested their software by the way?Because if it is nothing special the competition is so unbelievably huge in every country that their prospects wil be bad anyway dilution or no dilution.

I’m going to Ireland today.I will check their software because I think they are already operating there.
I will see if it has any potential in my opinion of course.
And basically for investing post acquisition or SGN.DRCR is too risky because of the 50M preferred shares.

Arguments against DRCR converting the preferred of James and Nick
1) They need a strong share price in order to make the acquisitions that James is currently out hunting
2) James said that a majority would not convert
3) ILUS has 10 M shares of common DRCR stock. Do we really think that Nick is going to let those shares be devalued by excessive conversions? No chance. He needs those shares to be valuable so that he can use them as collateral for $ILUS.

Let me know if you can see other arguments

So, with that being the case, we have a valuation of $156M being assigned to DRCR. That works out to $2.90 per DRCR share. If I'm off by a factor of 2. No big deal. DRCR is trading at 0.075. The upside could be huge.

🐂 💰

This is going to the dumps like ilus and the rest of the conglomerates.

Shareholder value is a high priority for him so I'm not worried. But clarity would help the stock price. I've bought some down here and it should pay off well.

thanks for that invite. I see the comment. People are hoping a 1:1 or maybe 1:2 conversion but he said 'majority' which means it could be as high as 1:49 .. wish he would say more clearly to make the uncertainty go away. This was a really fast fall, but I had to cut my losses with the ongoing uncertainty. I'll be back if he puts out a letter giving numbers closer to the 1:2..thanks again..hope it works out for you

https://discord.gg/fsCp42RB

DRCR discord.

thanks - what is 'a discord'? It's great if he has said this - where can I find that?

Yes, I suspect that language has caused the decline. James in a discord said "Shareholder value has always and will always be our priority. Majority of Nick and my stock will remain as convertible preferred in SGN as well."

DRCR gets 19.99% of common in SGN. The rest are convertible preferred. We know that they will convert to gain control of SGN. My guess is that they will just convert some and the rest will remain as preferred. I think they will address this as I do believe that the fully diluted language has caused the decline.

I wish you the best. I"m not sure where/when he said that but the terms say this:
SGN will acquire from the Sellers and the Additional Sellers shares of common stock and preferred stock of DRCR constituting at least 95% and up to 99% of the issued and outstanding shares of DRCR’s share capital on a fully diluted and as-converted (to common stock) basis (the “Purchased Shares”),
https://www.otcmarkets.com/filing/html?id=17844691&guid=4uL-kHkNOzCsB3h#ea021505701ex10-1_signing_htm
I may be misunderstanding this, and perhaps there is room for a lockup of shares or conversion back to preferred after the deal takes place.

James has said that most of the preferred will not convert. They need a valuable stock so that they can use that for acquisitions. James has been remarkably reliable and can be trusted.

The deal is very similar to the QIND/ASNS deal. In that case QIND has no preferred shares at all. So. clearly the are uplisting with the idea of making QIND stock valuable. It is the same with DRCR/SGN. We don't have to worry about preferred conversions.

The SGN filing shows the terms of this deal, and if I’m reading it correctly, all of the preferred are going to convert.

They may have some plan to lock those up, but if they don’t, that would seem to mean drcr shareholders will be diluted In a way that seems incredible. I hope that’s really not the case. I reached out to the company and got no answer. For this reason, I sold the rest of my shares. Wish you the best.