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that is a good question
I wonder what they "cut"
General and Administrative costs dropped from $1.5 million in 2008 to $324,000 for the same three month period in 2009.
Would be nice to have more color on this.
Interesting to hear the call
yep.......you are correct. The only hope for shareholders is she and Patrice need an exit strategy for all those shares they own.
This has allowed us to consistently increase business and return value to our shareholders.
huh.....value to our shareholders.
I'm confused?
http://www.sec.gov/Archives/edgar/data/1098685/000119312508252585/d8k.htm
http://www.sec.gov/Archives/edgar/data/1098685/000119312508252585/dex31.htm
Looks like Melissa has taken complete control of drgp....
The more I think about it the more I see Melissa Rice leaving drgp soon (2009) and Rolle either folding drgp into one of his other direct marketing companies or leaving it as a stand alone if he can not get shareholder approval.
just a thought.........cmg
Can't wait to get to Naples!
http://stockcharts.com/h-sc/ui?s=RRPH&p=D&yr=1&mn=0&dy=0&id=p49767780179
Another company Reno is CEO of.
Explanation of Responses:
1. Mr. Rolle was appointed director of Dynamic Response Group, Inc., on December 3, 2008. As a director, he is entitled to receive 750,000 shares of common stock annually as compensation for his services as director.
2. Options to purchase up to 5,000,000 shares of common stock were granted to Synergy I.P. Group, LLC in May 2008 in connection with a manufacturing and marketing agreement between the Company and Synergy. Mr. Rolle is President and 33.5% partner of Synergy. Of the 5,000,000 options granted, options to purchase 1,000,000 shares vested in May 2008. Mr. Rolle disclaims beneficial ownership in and to 665,000 options to be distributed to other partners of Synergy.
3. Options to purchase are open-ended and do not expire.
4. 2,000,000 options vest upon satisfaction of performance benchmarks in connection with manufacturing and marketing agreement between the Company and Synergy. Mr. Rolle disclaims beneficial ownership in and to 1,330,000 options to be distributed to other partners of Synergy.
5. Balance of 2,000,000 options vest upon satisfaction of additional performance benchmarks in connection with manufacturing and marketing agreement between the Company and Synergy. Mr. Rolle disclaims beneficial ownership in and to 1,330,000 options to be distributed to other partners of Synergy.
It would seem we have reached the 100 Million share level with the option of 5 million shares..........let alone the 750K per year..........Calling all shareholders.....dilution maybe occuring sometime in 2009. That may force Melissa to communicate with shareholders.
I view this appointment as a positive.
imo cmg
Its never been about sales. Its about profit and cash flow....
Will Melissa stay or will she go?
This needs to be addressed because she is the only one on the BOD now.
Running out of product could be viewed both positively or negatively...............I could make an agruement on both sides....Only drgp knows the answer for sure.....anything else is speculation.
cmg
I saw them test marketing this in the Detroit area about a month ago.......I saw at a CHAMPS restaurant
cmg
make $40-$50 million in revs
You mean gross .....
Is this correct:
http://finance.yahoo.com/q/is?s=drgp.ob
A statement saying they would be cash flow positive in the 3rd quarter would have been better..............Rice still has slim to no credibility...............imo...cmg
We should here about the Medicare license soon...I believe they have 90 days to approve or disapprove...cmg
New product:
Polar Delight Food
My thoughts exactly,
To be fair here'es where the idea came from:
http://findarticles.com/p/articles/mi_m0EIN/is_2005_June_14/ai_n13812399?tag=content;col1
I had orders in at .02 to buy. never moved.
was actually wondered the same thing. I thought maybe the difference between the July 22 press release when DRG reported $9.1 Million in Second Quarter Sells....and the final numbers which came out at $9.5 Million...might be explained as coming from International sales....but who knows?
It is not disclosed in the 10Q. Good question.
Those are the kind of questions that need clarification imo..........Melissa's credibility below 25% now imo......
So when do you think Melissa will buy more shares.....She's consistently has over the past 6 months....If one was long that would be a "helpful" sign...imo..
cmg.........I saw more selling than buying yesterday. imo.
Thanks Gary for your excellent posts, see you around!
cmg
We just disagree........There was no confirmation of Revenue in last weeks press release. That said a lot to me.
Now the good news is that there aren't a lot shareholders who bought under .025.
The bad news is a lot of folks will be jumping off in the .04-.05 area and drgp just gave 4 Million shares to the new pr firm................
Good luck Randy, I hope your dreams come true.
Time for Golf,
cmg
Hello All:
My quick take on Drgp. I’ve been mulling over the 2nd quarter 10Q #’s over the past few days and here are a few observations.:
First, Besides the number’s one must ask why Melissa Rice and Emas have decided not to have a Conference Call. Melissa plainly implied that there would be one. And I quote from the July 22, 2008 press release.
“I could not be more pleased with our progress, and look forward to discussing it with you on our next earnings call."
Hmm seems pretty clear to me.
Now what changed from July 22, 2008 to now. Well revenue did increase from $9.1 Million to $9.5 Million. That seemed odd to me right of the bat. I run a private company and I know my sales hourly, daily, weekly, monthly and quarterly. I think finding another $400K in sales is pretty big. One has to wonder if drgp has proper accounting controls in place? If drgp missed 400K in sales , I assume they could miss on expenses too. They need better accounting controls, that’s what this shows me. I don’t know where the blame lies but it needs corrective action in my opinion.
This is a company still in transition. Sepe and others in the past ran this company like it was there own personally piggybank. Sepe was a salesman. Reminds me of a Carney guy………… I’m hoping Melissa is a businesswoman who understands why a company exists. Melissa had impressed me in the 1st quarter CC. By ducking, the 2nd quarter CC she seems to be saying she doesn’t care what shareholders have to say. That’s not positive and won’t help her when she comes to the shareholders for an increase in authorized shares. I just don’t like her strategy here She should take a little heat now which should help her and the company in the future. Am I missing something here?
Another thing who cares that much about sales if they aren’t making any money. Businesses are in business to make a PROFIT. PERIOD>>>>>
I believe that drgp’s business model works and it could be a profitable company but Rice needs to be diligent on watching expenses as new products are brought out. I’m willing to give her another quarter or two.
some andObligations Outstanding
As of June 30, 2008 we owe $14,707 for equipment financed under capital leases and $230,994 to officers, employees and consultants to the Company for accrued wages and consulting expenses. The balance due to our officers, employees and consultants accrues interest at 12%.
Rice needs to pay the $230K off as soon as possible. DRGP will SAVE 12%. Businesses should not do this. It sets a bad tone for the business. Its plain bad business, Drgp has the cash flow to pay this off. I’m perplexed on why its not done. It would save 12% .
Again, The BOD needs to be expanded by at least 1....in my opinion.
I have to go….Have a great weekend.
On first look ...I see nothing that I like.
cmg
I suppose cash flow will increase at a much faster rate once Melissa finishes cleaning up things. I just hope all the human trash who did this are not anywhere near drgp now. Melissa should answer this question too.
cmg
Goodmorning Randy,
My version,
The market is waiting for more color on the 100 Million share problem ( dilution)
The market is waiting to see if increasing revenue means increasing profits. No body is sure yet.
The market is waiting to see if Melissa's "group" is buying. If not THEM then why ME.
There seems to have been "delays" in new products coming out. I believe the cooker never made it out in June? I could be wrong here.
Melissa stated an update in the web site was coming.........Some of us thought that meant weeks not months.
It would be great if Melissa would quantify some of DRGP's product segments. ie: What type of ramp should drgp expect with Nascar? When should that segment turn positive?
IMO....I think dividend talk is nonsense. DRGP is growing quickly and needs to manage its cash prudently.....The stock will take care of itself. Have faith.
To date we have no information imo that validates self interest over shareholder interest since Melissa assumed control. Maybe Melissa really wants to build a marketing company. This is her best opportunity to create real wealth for herself, Emas, Muller, Sepe, Hammond, Garcia, the Ox....imo.....
I'd like to see the BOD expanded. I'll volunteer for that.
I think some here need to go fishing, play golf, camp out, RELAX.........
These are just my opinions.
Have a great weekend! cmg
Here's what I found: A corporate entity formerly just a corporate shell...USA 24/7 was renamed Medico Express on 5/1/08 (for some reason paperwork had to be resubmitted on 6/3/08).
Randy,
It needed to be refiled because it needed an original signature..not electronic.....
It also shows Emas, and Sepe , Oxilida,and Rodriguez were involved with USA 24/7 in prior months/years..
Off to play golf...............
regard,
cmg
To be exact cgraut, Medico is/will be the remains (partial or full) of MLTO
I think the concept came from MLTO......I'm not sure drgp bought or acquired any part of mlto.........If you have other information please share the LINK>
I'm betting Rice learned a few things along the way about MLTO ........cmg
LSTM is not a valid comparison.....imo.....cmg
No that was me
Okay,
I did my part....anyone else gonna buy this great stock today while its on "sale" :)
cmg
Look at MLTO they were in a similiar business that Medico Express is going into ......Hopefully they learned something from the failure of MLTO.............
cmg
Bell,
If drgp cleaned up the 2.1 Million convertible would you change your opinion on drgp?
or another way of asking the same thing....What would it take for you to change your mind about drgp.
I'm well aware of OTCBB stocks and there reputations but drgp does seem to be getting its act together. One, of my biggest concerns is the lack of a "sugar daddy" that would support the stock at current prices.
Finding that 1 in a million otcbb stock is what makes this fun!
cmg
Val,
Correct me if I'm wrong....The interest the bondholders are receiving is about 105K per quarter?