Frank Candido has worked as an independent financial consultant since 2003. Mr. Candido led the transformation at Delta Resources Limited through a name change, the selection of a new management team, a new technical team and a re-vamped Board of Directors.
Mr. Candido is currently the managing partner at Direct Financial Strategies and Communications Inc., a company that he founded in 2006 and which specializes in the financing/consulting of private and publicly listed micro-cap and small cap companies as well as providing ongoing public and investor relations services. Mr. Candido is a graduate of Concordia University with a BA in Economics and McGill University with a Graduate Diploma in Finance.
Replay transcript excerpt
♪♪ Good afternoon, everyone. My name is Frank Candido. I'm the chairman of Delta Resources. I'm going to be a little less animated than I usually am. I'm actually quite excited about this company, but I had extreme food poisoning last night, so I'm not in a very good state today, but I'll do my best. On this page, the thing that really stands out is, A, at the end of the year, we had $5.6 million in the bank, so, you know, our treasury looks good. We trade about half a million shares a day, so there's liquidity in our stock. But really what I wanted to point out is if you look at the top left where it shows that we raised the $10 million in a bought deal around 11 months ago. And the thing that strikes me is that you can see that it goes straight down from the point that we closed the bought deal. So sometimes the market does things to your stock that doesn't really have anything to do with what the company's doing, clipping warrants, shorting your stock into a financing, that sort of thing. But the second sort of leg, sort of closer to the middle, that was precipitated by a drop based on results. And I'll explain to you why we thought the results were misunderstood and why we're so excited about what we have and where we're going. So we have 2 projects, but we won't even talk about Quebec anymore because we're 100% focused on Ontario. We're in Thunder Bay, Ontario. We straddled this Chaban-Dawan Greenstone Belt. We have 100, we actually had 107 square kilometers of land, but we've just made an acquisition and we've increased that to 131 square kilometers. But this is just to show that there is gold endowment along this Chabandawan Greenstone Belt. You know, location is everything in real estate and it's the same thing with us. If you're going to put a mine into prod...
