Da Vinci Capital Holdings hoping for quick resolution of outstanding issues

An official Da Vinci Capital Holdings [DAVIN] rep told me late last week that DAVIN has submitted materials to the PSE for the lifting of its trading suspension, and that DAVIN hopes that this will happen “at the soonest possible time.” The representative also said that they expect the Lucio Co-owned company to begin trading under its new name (The Keepers Holdings) and ticker (no info yet) before the end of the week.

MB BOTTOM-LINE

I’ve received a few emails from readers curious about an end date for DAVIN’s rather lengthy suspension (54 days and counting), so investors will probably be reassured to know that it sounds as though DAVIN has done what it feels it needs to do to get the suspension lifted and that the ball is in the PSE’s court to make a determination. As for the name and ticker change, it’s a personal pet peeve when an acquiring company fails to change the corporate name and ticker symbol of the acquired company, so I’m personally looking forward to these changes (even if they are almost entirely cosmetic).

I don’t know what the ticker symbol will be, but I’ve got my fingers crossed for something interesting (“KEEPR”...?). The ticker symbol is like the color of a new car: it really shouldn’t matter and it makes up roughly 0% of the value of the thing, but it just kind of sucks to put a bunch of money into something like a sad, faded, off-pandan green. The company has put out all of its most recent press releases and financial statements as “The Keepers Holdings, Inc. (formerly, Da Vinci Capital Holdings, Inc.)” already, so this should be happening sooner rather than later.

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