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Daniels Corporate Advisory Company (DCAC) has retained the SEC Law Firm of Davisson & Associates LC to create a Multi-Level Regulation A+ Registration. This will follow the filing of their 10-K for the fiscal year ending November 30, 2021. The company will offer a Class C Preferred Exchange as well as a cash option for shareholders, aimed at protecting them from reverse stock splits. Additionally, financing strategies will enhance tractor assets and net rental income. Further details on the offering will be provided as the process progresses.
Daniels Corporate Advisory Company (DCAC) has announced a strategic partnership with International Monetary to enhance its financial and operational advisory capabilities. This collaboration aims to bolster the company’s expansion efforts and facilitate merger and acquisition opportunities. Chairman Arthur D. Viola highlighted the advantages of leveraging International Monetary's established network. DCAC's core businesses include incubating start-up companies and providing advisory services. The upcoming 10-K filing will detail the strong performance of its subsidiary, Payless Truckers, and potential spin-off strategies are being considered.
Daniels reported solid quarterly results for the period ending February 28, 2021, driven by its subsidiary Payless Truckers. Total revenues reached $1,212,914, with a gross profit of $450,782 and a net profit of $84,668. The flip business generated $995,852 in truck re-sales, achieving a gross profit margin of 24%. Additionally, rental income surged to $209,640 from just $22,000 a year prior. Management highlighted plans for leveraging financing to expand operations significantly, aiming for a fleet of 100 rental trucks by May 2021.
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