Lets really review what has happened to DPC.
Yes BK did sell to Bridgecorp (in hindsight a great deal wish I was part of) in 2004
He resigned from DPC when price was $2.50
His shares were tipped into Vik
DPC appoints CEO with no industry or CEO experience
No finance sector experience on the Board or management at a time when the well predicted demise of the sector was under way.
Vik buy shares hoping to put a Director with finance exp
25% of St Laurence purchased for $30m!!! with option in a years time. Podmore added to board
Media criticisms from both DPC and BK (who starts it is debatable)
Did not manage their cash (requiring a urgent top up loan from shareholders) after spending $20m in cash to buy St Laurence and 45m in two loans(done with in six months of the loan from shareholder)
Criticisms of the performance of the company have born true as the company has failed to generate operating profits, lacks strategy for future.
Current Board's best approach is to put it into volantary receivership and hand back the Net asset backing of $1.70 to shareholders
Money to be made in this stock in the wind up!!