Drayton Richdale Corp.(fka DRYN)

[TOUCAN]

yuppers,

[db7]

looks like this one might not be sleeping too much longer.. i added some

[TOUCAN]

DRYN - 8-K with NEW directors 11.22.11

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8258343

John G. Palmer, Ph.D.
http://www.linkedin.com/pub/john-palmer/8/803/487

Maria Q. Feng, Ph.D.

http://mfeng.calit2.uci.edu/Maria_Feng/feng_profile_1.html

Jeffrey R. Bowles
http://www.zoominfo.com/people/Bowles_Jeff_596582874.aspx

G. Allen Robinson

http://www.linkedin.com/in/allenrobinson

[TOUCAN]

DRYN - book value w/ JV agreement is $16.54/share

Moss, Johnson and Associates, Ltd.
http://www.manta.com/c/mm21p60/moss-johnson-associates

From 10Q on 11.14.11

Page 4: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8241369

[TOUCAN]

DRYN - $2 share strike point convertible note

From 10Q on 11.14.11

Page 3: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8241369

[TOUCAN]

4

[TOUCAN]

3

[TOUCAN]

2

[TOUCAN]

DRYN - 6 month chart

[db7]

100k block traded at .20

[db7]

spoke too soon lol.. followed by 2 bidwhacks with greater sell vol than buy vol

[db7]

ask hit at .25 then .33 out of the gate today.. nice to see

[Big Brother]

Looking back at their filings there has been no dilution at all since at least December 2010, so the company does seem to have been pretty responsible with their share distribution thus far. I also thought I read something in the filings about the convertibles not executing until the pps hit's $2.00 but I could be mistaken.

In any case once they break ground on the extraction facilities it will be 2 to 3 years before they are fully operational, so until that time they will not be generating any revenues at all.

I don't really see any urgency to pick up shares here right now but that doesn't mean I won't try to pick up some cheepies in the coming months to stash away for the future because I do think it looks promising.

[Superfly15]

Its alleged inventory lol...they "aspire" to get it someday. I would not touch it until the plant is built because then the S/S will be much closer to the final number after dilution. In the sec filings they already said they were doing convertible stuff.

[Big Brother]

I'd agree with that but the "inventory" is a hell of a lot more then 99.9% of these other stinky pinks have...lol. If they could manage to come up with some non-dilute ways to fund these extraction facilities I'd be all over this like white on rice but I'm guessing that probably won't happen. Still, I feel this one is worth keeping on radar, a lot of potential here IMO.

In fact I really need to do some more DD here one of these days.

[levelnever]

Especially in these natural resources plays hard to know until the deals play out. That said, a company that has the confidence to put those numbers like that in an SEC filing remains on watch. I have to check that latest O/S numbers to see on if there has been dilution, have not had a chance yet. I would expect there has been based on that initial surge. I would also expect them to be selling shares as they said they would in the 10-K.

I was just pointing out from that first message, that I've seen alot of 10-K's and very few, if any, pull out numbers like they have for a .15 stock. They are implying that their stock should be worth over $15. That's a pretty ballsy statement, especially when you file that with the SEC. Obviously designed to get investors to notice. If there is any truth to it, has big mover potential, whether they sell some shares or not. All that said, not certain of long term future on this one until I do some more DD, but on watch list.

[Superfly15]

Looks like they are counting chickens on their balance sheet significantly...all their stuff is in "inventory." no cash, high debt (if you back out the "inventory"), which is the above-ground coal.

Also says in 10k they WILL have to raise money...judging from the downside volume earlier this summer there was dilution. My guess is they do a pump and dump down the road on it to raise the money.

[Big Brother]

Interesting stuff, potential under the radar gem here..??? Wonder how they are going to fund the building of these facilities..? Hopefully not all through Convertible Debenture.

If and when they do ever break ground on them I'll definitely try to pick up a few tickets.


Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations



On June 15, 2011, PetroStrata Corporation, a wholly owned subsidiary of Drayton Richdale Corporation, executed a Joint Venture Agreement with Estes Development Corporation, a coal producer from the State of West Virginia. Under the terms and conditions in the Agreement, PetroStrata will build and operate a 20,000 sq.ft. Shale Oil Extraction on 40 acres near Rock Springs, Wyoming and another 20,000 sq.ft. Coal Oil Extraction Facility on 50 acres near Cuba, Illinois. PetroStrata will utilize its cost effective, propreitary and environmentally friendly PetroMicronic Reactor at both location to extract crude oil and coal oil respectively. The development cost for the Rock Springs site estimated to be $36 Million and the Illinois site is projected to be $24 Million. The completed plant in Rock Springs is expected to produce 4,800/bbls/day of crude oil. In projecting a market value of $82.00/bbl, Rock Springs will generate $81 Million annual net revenue before taxes (see attached Exhibit 1 Rock Springs Financial Projections and Utilization of Funds). The Illinois facility is projected to produce 5,700/bbls/day of coal oil and the net annual revenue over $107 Million (see attached Exhibit 2 Illinois Financial Projections and Utilization of Funds).



The facilities will be operating 24 hrs./day, 328 days/year and will employ 75 to 100 individuals at each location. The extractions plants are scheduled to be operating at full capacity within 24-30 months from ground breaking. Through a contractual supply of coal/ore inventory, along with hard assets, the joint venture has increased Drayton Richdale Corporations net worth to exceed $500 Million.



The Balance Sheet values with regard to inventory and pledged assets for capital formation were derived from a February 5, 2009 appraisal of above ground coal inventory prepared by Moss, Johnson and Associates, Ltd. It was determined that Estes Development Corporation's 18,369,188 tons coal asset base in the Illinois location, at $46.00/ton, is $846,224,648 at market value. With this foundation, the current Company Book Value/Share, post the June 15, 2011 joint venture agreement is $16.54/share.



Taking into account the attached projections for the shale oil extraction plant for Rock Springs, Wyoming and the coal oil extraction plant in Illinois, the Company's Projected Earnings/Share is $6.51/share. The Price to Book Value of 0.0078 indicate a high growth potential for the Company. Accordingly, the Price to Earning Ratio of 0.019 projects the company to be a "Value Stock" in the long term.



The Company will need to raise capital for the construction and operation of both petroleum extraction facilities. Due to the substantial revenues that will be generated by the project as articulated in the hereby attached projections, the Company will structure a short term, five (5) year Convertible Debenture with an eight (8) percent interest rate.



The foregoing discussion should be read in conjunction with our consolidated financial statements, notes to those statements, Management’s Discussion and Analysis of Financial Condition and Results of Operations from the 2010 Form 10-K and the other financial information appearing elsewhere in this report. The risks and uncertainties described in this Form 10-Q and our 2010 Form 10-K are not the only risks facing our Company. Additional risks and uncertainties that we are not presently aware of, or that we currently consider immaterial, may also affect our business operation. Our business, financial condition or results of operations could suffer if the concerns set for are realized.

[levelnever]

I don't know if anyone saw this in the latest 10-Q, but not everyday you see this for a stock currently at .15.

the current Company Book Value/Share, post the June 15, 2011 joint venture agreement is $16.54/share.

Taking into account the attached projections for the shale oil extraction plant for Rock Springs, Wyoming and the coal oil extraction plant in Illinois, the Company's Projected Earnings/Share is $6.51/share.

I know with the joint venture there was mention of high numbers, but to see them lay it out like that in SEC filing, definetly catches the eye.

[hunggar]

DRYN the stock was upgraded a notch at OTCMarkets today. It traded recently as high as $.75 a share, and I think the stock is well over due for a bounce, since it slid from those levels.

From gurus again!

[hunggar]

Guru has DRYN in his crosshairs again:

DRYN I like this stock for a nice rebound from today's $.25 close.

[hunggar]

Guru has DRYN on watch from today:

DRYN I alerted this stock to my paid and free subscribers at $.11. It went on to hit $.75 a share, and has since fallen. I think current levels offer a great chance to play a rebound in shares. DRYN closed today at $.26 a share.

[hunggar]

Looks like it's coming ImmieV!

[Immie]

bounce time?

[halpern6]

yeah, vol looks dry...no pun intended...LOL

[mnbvcx]

I agree, plus where's the volume??

[halpern6]

looks like it hit all time high....may need to cool off a bit....IMO...

[davo808]

Yep, I think this thing has a very good chance of breaking $1.00 tomorrow.

[blue03sidude]

This will be interesting to see what happens over the next couple of days...maybe a small pull back tomorrow with profit takers? or do you think no one is selling right now due to the share valuation.

Has anyone looked at the L2? With more buying pressure this could be over a $1.00 in no time tomorrow!

[Immie]

wow good looking day here.

[vitty]

ask at 0.55 & bid at .38 -> there is an spreed of 30% !!

someone seems to playinmg games on that one to cause panic buy!

be careful

[vitty]

Could you please post a Chart to see the TA (I can't find it in stockcharts.com)? It seems the indicators are overbought IMO also the gap on L2 is too large...any news expected?


thanks

[dimbulb]

I don't know a whole lot of technical stuff but the gaps between the asks on the L2's seem enormous from one to the next. More so than any other stocks I've watched. I take this as a good thing, no? (of course, with the one crucial requirement being people start buying)

[Immie]

looking quite nice today. Congrats to anyone in it

[davo808]

Picked up a few more thousand @ .15 here today. Chart is shaping up nicely.

[Sam'd'Mil]

Sounds good to me Guru, bidding some DRYN!!! .13 now, my bid is lower!!! nice 8-K!!!

[ZimbabweanTrillionaire]

penny stock guru commented on this one

[sharabi]

DRYN good development with this company since March. Great financials and share structure and news today said projected annual revenue of $188M from new project. This is good for a market cap of $4M. People don't have much interest in the company yet but that makes it a good time to get in before the crowd.

[Stock]

This was a board about a stock at some point.

Not sure what is is now.

[Pennybuster]

LMAO!! Good Luck With That Rick!!

:D


Let Me Know When Ya Find One... I'm Looking With Tinfoil Myself...,.


:D

[Capt_Nemo]

Heck Penny, I thought you was promoting a decent law advice site!!! haaaaaaa, I have always thought about signing up for one, and pay so much a month, Not much, i have found out, and have the legal questions answered, Saves a lot of headaches, and could curtail a bunch of worthless chit!!!

[was woodman]

May 11, 2004, 9:00 A.M.

Anza, California, May 11, 2004

Re: Drayton Richdale Corp. Reported Acquisition of Internet Service

Craig Freeman, inventor and developer of the Matlink construction software ordering system announced today that he is the original owner and remains the owner of U.S. Patent No. 6,134,557, entitled Materials and Supplies Ordering System. “In light of the occurrences over the past few weeks, I felt I must in good conscience educate any potential investors or business partners of Drayton Richdale, Mr. Freeman said. He also noted that he received no funds from the recent acquisition.

In addition to owning the patent rights, Mr. Freeman holds trademark rights to the Matlink name as well. He currently is the president of Matlink, Inc., a privately held California corporation. The Matlink software product may be viewed by logging on to www.Matlink.com. Mr. Freeman can be reached at 909-544-1619, or www.Matlink.com.



Source: Matlink, Inc., California

[Pennybuster]

Drayton Richdale Corp. Acquires Matlink Inc., an Application Service Provider - ASP - in the Multi-Billion Dollar Construction Industry
Tuesday April 20, 9:00 am ET


TEMECULA, Calif.--(BUSINESS WIRE)--April 20, 2004--Drayton Richdale Corp. (OTC:DRYT - News) acquired 100% of all the outstanding shares of Matlink Inc., a privately held Nevada company with headquarters in Temecula, valued at $18 million. Matlink Inc. is an emerging application service provider (ASP) in the multi-billion dollar construction industry. Matlink's assets include intellectual property in the form of a proprietary business method application known as a "Materials and Supplies Ordering System" (MSOS), U.S. Patent Number 6,134,557. This "Business Method Patent" discloses and claims an application for ordering construction materials and supplies via several methods, including, but not limited to, the Internet. Drayton Richdale will obtain a legal opinion regarding the enforceability of the claims made in the MSOS patent against infringing parties. Findings will be announced upon review of this legal opinion.
Concurrently, Drayton Richdale Corp. appointed new directors and officers. The new directors are Joseph E. Henn, Stephen A. Lindsley, Antonio Arnel Maquera and Nives E. Jadresko. The new officers are Joseph E. Henn, president, and Christy Stevenson, secretary.

Certain statements in this press release constitute "forward-looking statements" within the meaning of the United States Securities Legislation. The Company's actual results could differ from those in the forward-looking statements. Do not construe this information as investment advice. This is not a solicitation to buy or sell securities. This does not purport to be a complete analysis of the Company. Investing in securities is speculative and carries a high degree of risk. Past performance does not guarantee future results. Readers should consult their own advisors. Information contained in this press release should be independently investigated. These remarks involve risks and uncertainties. Risks are not limited to quarterly fluctuations in results or the company's management of growth and competition. Other risks are detailed in the Company's SEC filings. Actual results may differ materially from such information set forth herein.



--------------------------------------------------------------------------------
Contact:
The Financial Partner for Drayton Richdale Corp.
Amparo Munoz, 866-813-7320



--------------------------------------------------------------------------------

[Pennybuster]

LAWW 4 For R/S Now Are DRYT.

[Pennybuster]

GRUB!!