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Val,
I think Rice is intent on bringing back credibility to the company. I'd rather see investment in the company which SHOULD bring increased shareholder value over the long term. I can understand the frustration that some who have been long term holders feel.
What surprises me is that Noone has made an offer for this small company. There are no 13g's filed yet. No pending litigation...........It just seems strange to me. What am I missing?
Its an interesting idea........I'll mull it over...cmg
I road the bull on ptsc too........but drgp is different....They don't have the cash or cash flow yet. You should take a look at the balance sheet too. Off the top of my head I think they have 2.1 to 2.3 Million in convertible debt.......I think due around June of 09.
Many of us are waiting to hear about the dilution that has to occur here. Rice must address that issue soon with her PLAN>
imo....
I posted this on Yahoo and Noone had an explanation. I'll try here:
There does seem to be a discrepency between the 10K and the form 4's
The 10K listed Rice as owning 2.368 Million Shares as of 03/31/08 and the Form 4 shows 2.085 Million through the July 11.
Between 03/31/08 and 07/11/08 Rice obtained 155K through open market purchses and 1.5 Million acquired through a 3rd party.....
By my calculations Rice controls over 4 Million shares........Can anyone confirm my numbers or the discrepency?.............cmg
Did anyone else notice that?
If your buying ,,,be sure to buy in the cash account not Margin...this will screw the mm and shorts (if any)...and support the stock for the long run..........imo..
cmg
No profit/loss mentioned?
Overall right on target with my 9 Million #
Val,
Actually, I've rechecked my notes and I was wrong in my thinking. I thought Emas was on the March 31 Call and thats why I've kept mentioning him. It was Sepe, Swank and Rice on the call not Emas. Must be a senior moment! I've done extensive research on Emas,Rice,Sepe. Now I'll add Scott Swank. I do wonder why Scotts not of the caliber to be the CFO..........Any thoughts of why:
More later.
cmg
Val..From the prior link, would you know why in June of 07 Melissa disposed of most of her shares...then she started buying pretty relentlessly through the present day......Those sales just jump out ....I'm wondering what happened?
Im glad to see Melissa's form 4........Its a vote of confidence.....now Emas should follow shortly?
cmg
This link has some more detail...
http://www.nasdaq.com/asp/holdings.asp?symbol=DRGP&symbol=AVNX&selected=DRGP&FormType=form4
Val....My number as posted is 9 Million for the second quarter.......cmg
JUST MY MUSINGS:
Imo what we are witnessing is the changing of the guard at DRGP..........weak shareholder to strong. A floor must be put in for drgp to start up again.........Drgp has no controlling shareholders and it is adrift.............Some one small or large could cause damage if Rice and Company don't act soon............
I also believe that sales will be below the $10 Million mark for the 2nd quarter ...........Shareholders should want to know what the plan is and should flush out Emas and Rice some more. For instance How is drgp planning on getting from point a to point b.
Why hasn't the web site been updated.......it was mentioned in the cc but still nothing.
Where's the CFO. Why such a hard time recruiting one? ******
The silence is deafening.........Its an opportunity of a life time Right?
Is internal cash generation going to be sufficient for "growth" or is drgp going to seek other avenues to raise funds.......
Still waiting for the form 3 or 4
Bell is correct that many of these small companies are run for the financial benefit of management. We will find out what Rice and Emas have in mind.............and soon.
One last thing........
I'd also like to know the details of the 2.166 Million convertible. I believe it was extended for 18 Months which probably takes us til June of 09................Could anyone add color to that?
you said: I personally can't understand anyone selling this company for 0.03 unless they totally need the money. Market cap under $3M. I'm surprised a big shot with $1.5M hasn't already bought over 50% control from these weak sellers.
Carl
I think someone who wants to take over this company will just make an offer for example purposes at .20.
No need to buy into the stock and run it up. You would think Rice would be concerned about that. I wonder WHO the debt holders are. Could they be insiders?
Just musing.
cmg
I've tried...I can't seem to access it and HEAR it play....thanks anyway.
Did drgp file anything about Sepe leaving....and if it cost drgp any $$$. Since he's a consultant I wonder how he is being paid.......
cmg
Could you link me the March 31 call. I'd like to rehear it.
Just some general questions...When did Sepe step down. I wonder what his payout is?
Thanks,cmg
With the 5.6 Million announcement it seems to me that getting to 10 Million might take a great effort by the end of the 2nd quarter. Couple that with the decling share price one might surmise that the 10 Million mark from the 1st quarter might not be reached. I'd be happy with 9 Million. I also think margins will be under pressure as they buildout Medico and I believe the 2 new hires took place in the 2nd quarter too. That will cost them too. Rice has some decisions to make regarding the outstanding shares(We should hear something soon about this) and ......I'd also like to see Sepe step down. That would show me that Rice is really in command. He's too tarnished even for me..........Good trading
cmg
So the question is why isn't management buying at these "low" prices?
Does anyone know what Hammond is heading up and Diaz?
cmg
Doesn't look strong to me....last buy at .04.............and 2 million in volume........We need 4 to hold or the chart is going to breakdown .................imo..........cmg
Is there anyone from Miami on this board. I inquire because Drgp is based there and I was wondering how the business media treats them. For instance, in Michigan we have Crain's which focuses on business issues for the State. Is there anything like that in the Miami area or the State. Still doing DD.
cmg
Its about dilution folks.........just look at GTEC.....We should find out soon.
I remember in the CC and Maybe someone else can verify but I thought Rice said that the 2nd quarter is seasonally slower since some folks have cabin fever after winter.
I wonder if that 2nd quarter uncertainty is creating some pressure ..........Just a thought.
We have $30 Million in sales to go to reach the $40Million. I wonder how "smooth" that will be..........
Just my musing.....
cmg
One problem with the press release IMO was they didn't quantify when revenue will be generated. Don't need fluff need ###'s and time frame.
Randy,
Latest promoter paid cash.
Lebed .... Paid cash.
Burson-Marsteller is being Paid Cash.
Those are the signs of a maturing company, now if Rice is serious no vendors will be paid in stock. I would think that an inventor might take shares in leu of cash which could be beneficial to all if structured properly. But I think I'd rather see the inventors receive a % of the gross. I'm not sure how Drgp is doing it. It might be a good topic to visit at the next CC. As long as the news is positive I will continue to accumulate. A slow upward bias is preferred imo, rather than quick jolt.................good trading.
cmg
One last comment....there are several other similiar stocks like drgp.....I wonder if Ms Rice would be interested in Dcff
Ladies and Gentlemen....its all about dilution and expanding the share count. Ms Rice needs to make some decisions.
imo..cmg
thanks for your take, Randy. I thought maybe Rice was letting something out of the bag that I missed
BTW: I always take responsibility for my own DD.
cmg
I'd like to get your thoughts on Rice's quote:
We believe that not only is there going to be a big....ah,
We should see Hammonds filing soon. She was hired this quarter so a filing should come shortly......I can't find to much information on her yet.
cmg
http://www.martindale.com/Joseph-I-Emas/803352-lawyer.htm
http://msnmoney.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?ID=5631797&SessionID=4EfBW8HnCjV40Y9
Still digging on Emas, Rice and Mr. M.
cmg
Dinner calls
Could some of the old management (Emas) be holding this stock back?................microcaps need credible management.
We don't want a pump/dump scam happening here. ....
Randy, Your numbers do a compelling job. I think some are worried about dilution. I'm included.
Trust in management will happen over time if they earn it. So far over the last 6 months Rice has earned it. We are now making bottom in the stock....longs should pay attention. This one should move quickly...imo..cmg
imo....since january 2008.........we have seen higher lows with mixed signals on the highs, Lately, we have weakness....This could just be the mm shaking the tree, after all there's a lot of speculative money in gtec. IMO...I think something is going to happen soon........The trading has been very interesting the last week or so. Lets see if .30 holds on a closing basis. Thats the first sign Im looking at......
This stock was reborn in October 2007. We'll see if Elsa and Company excute....I'm willing to wait another quarter.....or two....imo...I love the China/India Stocks!
cmg
19-May-08 07:51 Key industry conferences:
-Brean Murray All Cap All China 1x1 Conference (Day 1 of 2) -- Companies presenting: SVA, FSIN, SCR, CHBT, AAAC, ACTS, AMCN, APWR, ATAI, BEST, BIOS, CAST, CAXG, CBAK, CBPO, CCGY, CDS, CDSG, CFSG, CHBU, CHME, CMFO, CNEH, CPSL, CREG, CSKI, EMDY, FUQI, GIGM, GSI, GTEC, HOGS, HQS, JRJC, LTUS, NWD, OLOU, SEED, SGTI, SHND, SSRX, STV, TBYH, TYM, WH, WUHN, YTEC
One can see, that the plan is to stall the dividend until Oct and keep the proceeds that are left.
Would that benefit current shareholders or the old ones?
What other investments such as Ltus and green.........does GTEC hold. ..........and where does these investments show up..........I don't see them on the balance sheets.......any help appreciated.
cmg