Ann: DDT Results Announcement and Outlook, page-48

I understand why people are selling DDT shares, but I could not understand why anybody would buy them? The company has proven record of losing customers, distributors and as consequence the money year after year. From the peak at 52c to the offer of 0.5 of a cent two days ago. Their two products – based on photographic film chopped into micro dots and luminophore used in fluorescent lamps, which they tooted as Trace-DNA (and available by tones online) are outdated technologies, if not to say fraudulently claimed as security products. Their only revenue is result of old management team who funded the company in 2001, expanded sales into over 30 countries and took it public in 2003 with contracts, which are still drip feeding the company: South Afrika, Italy (Fiat) and Subaru in Australia. They lost most of Australian, US, UK, Russian and NZ markets. The new management which purged the old one (from CEO to a tea-lady and cleaner, because of paranoia that they might be the moles of the old guards) did not invent a single new product in 8 years, nor signed a single significant supply contract. Apart from raising 5 times capital and diluting the original shareholding (40 million shares became almost 800 million) they did not use that capital for new developments or effective marketing, but for super salaries to few top managers and taking $30,000 to $50,000 in travel expenses every month for the past 8 years!
Well, it does not look they have one more chance to raise the funds (and further dilute shareholdings) because it is clear that whatever Rathie was declaring to shareholders and investors every year at AGMs was a falsehood – none of his upbeat and rosy forecasts ever materialised. And he lost the trust and his face.
Of course, with $2m cash in the bank left from last fund raising ($4.1m) Rathie and his cohorts could keep getting paid their super salaries and continue to travel overseas first class for few more months. But why shareholders should watch the last drain of their capital disappear in their pockets, why not to demand their immediate resignation, call administrators to salvage whatever is still salvageable and return at least some capital before it becomes NIL?