The DalTex Building is a subject of much discussion in regard to the attack on JFK – a frequent topic of that discussion is a company located in the building named Dallas Uranium and Oil (DUO). Several of us have spent considerable time tracking down information on the company (still, misinformation about it shows up in many of the entries produced by internet searches) and I put a good deal of the real records of the company into SWHT.
One of the key questions about DUO (other than where its offices were actually located in the building. It turns out it actually was no more than a phone number listing for the office where Morty Freedman Inc and Marilyn Belt were located (Freedman was involved with DUO) with Marilyn Belt being the real company. Its office and space was on the sixth floor although conversation with Freedman’s son suggests that on occasion Freedman rented or used space on lower levels such as the second and third floors.
DUO fooled us all for a long time since it did not show up as a Texas Company in any records – ultimately some good researchers located it as a Colorado registered company (over the years it would have three legal incarnations under three different names). In evaluating the companies business records, it becomes evident that its unlikely it was ever a “real” business entity and the question arises as to whether it ended up being some sort of scam (it had no revenues but did multiple stock issues) or could possibly have been some sort of front?
The good news is that in this case, time and further searches, seem likely to have resolved that question for us. As it turns out, DUO (founded in 1953) actually did drill and own at least one oil well – in Kansas. The well, in Chautauqua County, was drilled in September 5, 1957 and declared dry, plugged and abandoned on Sept 30 of that same year. Lack of success didn’t seem to discourage the DUO management however as they issued an additional 48,000,000 shares in 1961.
The clincher in judging DUO seems to be that after two name changes – one to International Airlines and the next to Communications Cybernetics, in December of 1972, he SEC office in Fort Worth filed a civil injunction in Amarillo Texas District Court against Communications Cybernetics Corporation and its officers for violations of federal security loans in the offer and sale of stock – as well for false and misleading statements made by those officers in the sale of its stock.
The names of the various iterations of DUO are still fascinating – I suspect the whole thing would make an interesting story – but in the end it looks like the bottom line has to do with stock scamming. Still, that leaves us with yet another mystery, just how, who and why, did one share of DUO end up in the final effects of FBI Director J. Edgar Hoover???