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32 million shares and counting fast....
Hey Biz...
Looks like some volume coming into the stock. Anyone hear anything?
Wow...some pretty serious trading up!!
Anyone hear anything?
As I look at it...it looks like someone placed a market buy order...and ended up paying up for the shares.
Very Nice! Their new IR Platform even shows Rule 144 Sales that didn't know about before they were listed here.
I think this kind of transparency will give confidence to current and future shareholders.
I'm hoping we see a few more Form 3/4's...from other DRGZ insiders. Both of board members and "Consultants."
I wonder what it will take for those Form 3's that were filed by Kawas and Rolle before the reverse split to show up on Yahoo Finance Insider lists?
RK
New England for me Week #1
Your words are almost non-sense. I quote:
"I figure it's worth somewhere around .05 to .15...." "Actually there's no value in the company."
Everyone who can read knows DRGZ doesn't have a PE ratio and an upside down balance sheet.
Everyone knows DRGZ has debt. Duh. Management itself in a recent PR and the latest 10Q has pointed out its debt and that they've negotiating a solution. Over $2 million in debt has already been converted to equity...POOF. Gone.
The company has stated they anticipate that the remaining debt will also be converted to equity. Maybe we will hear something about this in the next week or so.
Regards,
Randy
I've not kept up on their current financials...but one would think that at this point if there's be some piece of good news that would bring some buying volume into the stock...it'd be a pretty quick ride to higher ground.
I presently don't own any shares...but when I get some time will take a look at recent and anticipated financials. Historically, a pretty hefty portion of Zane's revenue growth was from acquisitions.
What do you like about the stock?
Randy
As usual...thanks for keeping us up to date and for shharing the results of your digging a little deeper.
However, it was more fun when the stock price was going higher. :)
RK
NICE WEBSITE CHANGES....
And it looks like more to come.
www.dynamicresponsegroup.com
Check out the Investor's Page.... It is probably a good and thorough a page as I've ever seen.
Trades...Level 2 (delayed)... Filings... Code of Ethics...PR email sign-up list...FAQ (still in development)...insider info...etc.
Everything looks to me like they have plans WAY beyond a pump and dump or a scam as a number of posters on this board think.
Did the company loose value and go through some difficult times?? Absolutely. Are a lot of people still holding loosing positions? Clearly. Are they the same company today? In some respects yes and no. They have plotted a course and seem to be working hard to get to the next level.
You guys can continue to grumble and complain about the past...but if you still holding your investment, you're certainly not helping or doing anything constructive.
If at some point you become convinced DRGZ has a future, the stock price will probably have gone up and you will be able to recover your capital. BUT...others of us will be sitting pretty at that point. Maybe you should smell the coffee, get on board and average down. At least try to objectively evaluate the company from where it's at today and where they are hoping to go.
If you discovered DRG for the first time today...what would you think? This is probably how most new/prospective investors will see DRG. Worth a bite? A watch? A wait and see what they next quarter or two will bring?
Later. Randy
Any explanations or guess what accounts for the drop in volume and price support?
Gumza...It is hard to say. I've heard some good things..but it is pretty strange. My guess is that the big volume today were some shares coming off restriction....like some consultant or lawyer or something. I just hope they landed in solid hands. If I had had some liquidity...I might have picked up a few more.
If company is real...I don't suppose it will matter. Investing in startups is always a bit of a crap shoot. Sometimes you win...sometimes you lose (add big to each). :)
Later.
RK
Hey IACPA....good to hear from you. It's been a while. I hope you and yours are well.
I've been hearing good things about DRG. In the end the proof will be in the pudding. IR guy says they're going to be building revenue with profits from here on...instead of focussing primarily on revenue growth.
Even though the stock has mostly gone down...since I first showed it to you...if it actually succeeds and grows...and this is reflected in the share price....it will be a vindication.
One has to recognize that investors seldom, if ever, buy and sell at the optimal points, the all time lows and highs respectively. We all make decisions based on the information and convictions we have at certain points the time. I remember one of Bill Mathews' points (from The Cheap Investor newsletter)...investors often get scared out of their stocks.
RK
I received this email that made me think.... and laugh. LOL
So let me get this straight…
This health care plan will be written by a committee whose head says he
doesn't understand it, passed by a Congress that hasn't read it and whose members will be exempt from it, signed by a president who smokes, funded by a treasury chief who did not pay his taxes, overseen by a surgeon general who is obese, and financed by a country that is dead broke.
…what could possibly go wrong?
Euthanize politicians, NOT seniors!
db...I saw this too. My guess is that each of the board members received these 1 cent shares for either joining the board or attending a board meeting.
If I'm not mistaken...that 10K by Prim at 56 cents makes 32 straight insider buys.
I also appreciated the sizable options the board members received 1.2 Million shares all have strike princes above 70 cents.
Regards,
Randy
GML...I know you've been convinced that DRG and Medico are separate entities....but I think the facts are contrary. The whole press release about Mr. Tharpe was put out by DRGZ...NOT MEDICO.
DRG is the parent company and Medico is the subsidiary. IN the last 10Q this is demonstrated by the comment that DRGZ has paid some $803K of the start up costs for their new subsidiary. The relevant paragraphs are:
"Additionally, Medico Express, a majority owned subsidiary of the Company, received its Medicare certification in July 2009 and commenced operations in August. The Company will earn a management fee from Medico Express." Page 6
and
"SUBSIDIARIES
The Company’s wholly owned subsidiaries are TMK Holdings, Inc, a Florida corporation, Consumer Dynamix Corp, a Florida corporation, ProCede Corp, a Florida corporation and TV Short Force, Inc., a Florida corporation. The Company is the majority shareholder of Medico Express, Inc. (f/k/a USA 24/7, Inc.) a Florida corporation." Page 18
The press releases by DRGZ and SEC filings by DRGZ mean what they say. Medicio Express is a majority owned subsidiary. My memory is that since the Medico idea was originally started with CEO Melissa Rice, she owns 20% of it. That would leave 80% within DRGZ's interst. Revenues of 51% can legitimately be reported as part of the parent company.
Any news about Medico is being reported and published by DRGZ. If Medico was it's own entity it would be putting news out about itself.
The one thing that's not clear to me is what the last sentence of the above paragraph means...about earning a management fee from Medico Express.
I spoke with Mirador Consulting and asked them about the revenue generated by Medico and was told that all revenue would be reported as consolidated with DRGZ. If you have question, call them and ask.
RK
Good Stuff Dan...I just might have to incorporate some of you points into a pro/con post one of these days.
My Contest Pick was Dynamic Response Group (OTCBB DRGZ)
Key management has been working for equity over the last year and a half and now have a substantial amount of ownership. Plus the CEO has bought around $45K worth of shares over the last month. And sold none.
The company did do a 100:1 reverse split, which is generally a bad sign....BUT the company seems to be determined to become a real company. Last month the stock had a monster run to $2.79 and has settled to its current level around a buck. I think it could easily make another run as there's a number of news items on the horizon. If you have any questions...I can probably answer them. I've been closely following for several years.
I'm not whole-heartily endorsing this stock...but I think it has some good short and monster long term potential. With the current economic situation...there's certainly some risk. Also, for the record, at the moment I presently own more of this stock than I ever have. Just recently I posted a Milestone post on the DRGZ Board...and thought some of you might enjoy a gander.
Regards, Randy
DRGZ MILESTONES
We’ve Already Reached:
1. Survival and Continued Operations: DONE
2. Continued Timely SEC Filings: DONE Latest August 14, 2009
3. Medico Express Approval by Medicare: DONE July 28, 2009. Last 10Q stated company spent over $800K to get this subsidary up and running. They are approved for sales in over 45 states.
4. Website: NICELY UPDATED week of August 10, 2009 www.dynamicresponsegroup.com
Events/Milestones to Watch For:
From August 10, 2009 Press Release:
“Dynamic Response Group is launching the Medico Express infomercial campaign today August 10, 2009. Initial media coverage will air on CNN Espanol, MEGA TV, Univision and Telefutura. The week-long test will be used to gauge the performance and general consumer response. Once DRG determines which spot provides peak response the company plans a national rollout with coverage throughout the 45 states where Medico Express is currently licensed.”
5. Results of Medico Express’s Test Marketing: They didn’t say they would announce the results, but we should see the national rollout take place.
From August 14, 2009 10Q (p.6)
“The Company is presently in the final stages of negotiating with several institutions to secure financing for Medico Express and the Company’s operations.”
6. Announcement that Financing Has Been Secured.
From August 17, 2009 Press Release about Quarterly Results:
“Generally the Company has started the process of rolling out several new and innovative products and expects to have finalized the funding for its subsidiary Medico Express and converting its debt to equity in coming weeks.”
-- Aeropedic which we anticipate testing during 3rd Quarter '09.
-- Gem Magic which we expect to test during 4th Quarter of '09.
7. Announcement that Debt has been Converted to Equity
8. Rollout of several new and innovative products (same as #8 and #9?).
9. Results of Test Marketing of Aeropedic during 3rd Quarter
10. Results of Test Marketing of GeMagic during 4th Quarter
11. Amount of Revenues Income/Loss for Q3 2009
DRG MILESTONES
We’ve Already Reached:
1. Survival and Continued Operations: DONE
2. Continued Timely SEC Filings: DONE August 14, 2009
3. Medico Express Approval by Medicare: DONE July 28, 2009
4. Website: NICELY UPDATED week of August 10, 2009
Events/Milestones to Watch For:
From August 10, 2009 Press Release:
“Dynamic Response Group is launching the Medico Express infomercial campaign today August 10, 2009. Initial media coverage will air on CNN Espanol, MEGA TV, Univision and Telefutura. The week-long test will be used to gauge the performance and general consumer response. Once DRG determines which spot provides peak response the company plans a national rollout with coverage throughout the 45 states where Medico Express is currently licensed.”
5. Results of Medico Express’s Test Marketing: They didn’t say they would announce the results, but we should see the national rollout take place.
From August 14, 2009 10Q (p.6)
“The Company is presently in the final stages of negotiating with several institutions to secure financing for Medico Express and the Company’s operations.”
6. Announcement that Financing Has Been Secured.
From August 17, 2009 Press Release about Quarterly Results:
“Generally the Company has started the process of rolling out several new and innovative products and expects to have finalized the funding for its subsidiary Medico Express and converting its debt to equity in coming weeks.”
-- Aeropedic which we anticipate testing during 3rd Quarter '09.
-- Gem Magic which we expect to test during 4th Quarter of '09.
7. Announcement that Debt has been Converted to Equity
8. Rollout of several new and innovative products (same as #8 and #9?).
9. Results of Test Marketing of Aeropedic during 3rd Quarter
10. Results of Test Marketing of GeMagic during 4th Quarter
11. Amount of Revenues Income/Loss for Q3 2009
VSMR is a reverse mergered company that has some fairly interesting potential. They have been developing a secure international online credit transaction system.
Today's PR explains. I have no idea how much revenue they expect or are generating...but one would think it would be substantial.
I own a few shares...but mostly I'm watching to see what happens. The stock is trading at/near is low...so one would hope downward preasure would be minimal....and if some reason to buy is provided, one would expect some upward movement.
Later.
NEWS VerifySmart(TM) Corp. solves the consumer and merchant credit/debit card fraud that has reached world wide epic proportions
TAGUIG, METRO MANILA, Philippines, Aug. 18 /PRNewswire-FirstCall/ -- VerifySmart(TM) Corp. (VSMR: OTCBB): VerifySmart(TM) (VSC), a global leader in secure and fraud free payment processing services, is pleased to announce the launch of its integrated and highly scalable e-commerce system along with its enhanced website.
AN EPIC PROBLEM
Globally, the number of payment transactions and money transfers conducted online, electronically, or through Credit/Debit cards has increased dramatically in a very few short years. In 2008, in excess of $10 Trillion was exchanged in various electronic forms across the world.
The credit/debit card technology that has been introduced in the last decade was developed to allow consumers the ease of purchases and transfers online. With the increase of electronic transactions, the instances of fraud have increased exponentially. Until now, there has been little effort made towards security, resulting in an ever increasing problem of ID theft and Credit/Debit card fraud that has reached in excess of $56 Billion annually.
THE SOLUTION
As an industry leader, VerifySmart(TM) Corp. has spent four years and millions of dollars to develop and is now marketing a solution to combat the problem that technology created. Our patent pending (PCT Approved) technology has been filed in 29 Countries based on strategic importance and wireless penetration rate.
The software operates through the use of a cellular phone for secured verification of monetary transactions. VerifySmart(TM) Corp. technology notifies the cardholder of the purchase through the cellular phone and empowers the cardholder to approve or decline his/her purchase. The result is a guaranteed transaction and acceptance providing safety and security for the cardholder and merchant, a first in the industry and providing a level of security unprecedented in other Credit/Debit cards.
Our industry changing transaction services model is non-invasive (requires no system changes) with instant identity verification that is inexpensive to implement and simple to use. The software has been developed to include debit card purchases, internet purchases, ATMs, passport, money transfers, remittances and mortgage verification.
An industry and global first, Verify Transfer is a suite of services that offers the following Transaction and Authentication based features:
- Seamlessly integrated with VSC's VeriSmart Card and VerifyNGo two factor authentication - Provides virtual bank functionality and allows merchants full fund management control - Merchants can issue and assign VeriSmart Cards to end users and load cards anytime, anywhere electronically (completely secured). Typical use includes payroll services and transactional fund disbursement in real time.
- Ability to garner interest in new markets via the foreign exchange module which enables merchants and end users a full view of their account balance and transaction history in two currencies - Access to a full reporting and record management system allowing complete visibility of individual customer transaction history and macro roll up reports - Unrivalled merchant and end user peace of mind enabled by utilizing the patent-pending VerifyNGo two factor authentication to complete funds transferred
ABOUT VERIFYSMART(TM) CORP.
VerifySmart Corp. has designed and developed a Proprietary Hardware/Software Solution that solves Credit/Debit Card fraud by using a proprietary two Factor Authentication.
The Company's Core Technology is designed to meet the needs of the Security challenged Transaction Processing Industry. Present day solutions, such as Verified by Visa, Chip and Pin and CVV Code (all of which can be compromised) have not reduced payment card fraud by any significant factor.
The VerifySmart solution has reduced fraud to zero in earlier production pilots. The Company's proven and highly scalable solution is gaining worldwide attention and placing VerifySmart at the forefront of the fraud prevention revolution.
Forward Looking Statements
This current report contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this current report which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainty of financial estimates and projections, the competitive and regulatory environment for start up software companies, stock market conditions, unforeseen technical difficulties and our ongoing ability to operate a business and obtain financing. These forward-looking statements are made as of the date of this current report, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
Although we believe that our beliefs, plans, expectations and intentions contained in this current report are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the 2008 fiscal year, our quarterly reports on Form 10-Q and our other periodic reports filed from time-to-time with the Securities and Exchange Commission pursuant to the Securities Exchange Act.
Corporate Headquarters Fort Legend Towers, Suite 2002 - 3rd Avenue corner 31st Street E-Square, Fort Bonifacio Global City, Taguig Metro Manila, Philippines
Investor Relations 1-800-685-1584
Questions or Feedback http://www.verifysmart.com/
DATASOURCE: VerifySmart Corp.
CONTACT: Corporate Headquarters, Fort Legend Towers, Suite 2002 - 3rd
Avenue corner 31st Street, E-Square, Fort Bonifacio Global City, Taguig, Metro
Manila, Philippines; Investor Relations, 1-800-685-1584; Questions or
Feedback, , http://www.verifysmart.com/
Pretty decent post...I think interacting with the facts is pretty productive...both the positive and negative aspects.
You brought up some pretty good points, but I didn't find that you really brought up anything new.
"In a deep hole"
No doubt about this. Much of this hole was already dug before Melissa Rice came on the scene. Also, as a fully reporting company all the information is being fully disclosed.
Speaking of fully reporting....I thought some of the recent filings looked and sounded a lot like the reports filed by NASDAQ and AMEX companies. The recent S-9 report spoke of independent board members and compensation committees and such.
"Paying bills with cheap/discount stock"
I mentioned this...I'm almost positive the 2 cent amount was pre-reverse split...so will have to be adjusted up .... to ;what amount I'm not sure. In my "HIGHLIGHT" post I suggested $2.00 per share, but that can't be right...If you divide $305K by the 1.15 Million shares issued it comes out to 26 cents per share.
"Insiders hold over 50% of shares -- and gave themselves a HUGE bonus"
Yeppers. This fact was pretty clearly disclosed months ago. If you or I were in a position to build something real and big...I think we would want be willing to work in exchange for equity as well.
As for the level of wages that are being paid to employees...I don't really know weather it is high, too high, about right or what. The company's new website indicates that they plan to attract top industry talent...as such it is not going to be cheap.
In a sense one has to look beyond that past and turn one's attention to the present and future. Is there hope? Is there potential? Is the company doing things the way they used to? It is definitely a judgment call.
I've spoken to CEO Rice in the past...and she exudes confidence and talent. I think she is still working extremely hard to make DRG a success. I don't doubt that she's working 70-80 hours a week on behalf of the company. Sure, she hopes that it will be worth her while...but if it's worth it for her...the hope of owning shares of a public company is that it will be worth it for us.
My posts are in no wise intended to be an uncritical endorsement of the company. My posts are my perspective and reflect my reasons for making the investment decisions I have made. I've been wrong in the past...and I've been right. Take my posts for what they're worth.
Randy
BTW, in the past you've been perceived as a basher...possibly a paid basher. Is there any reason we should not assume this is the case? Perhaps you have integrity and are here as a good samaritan...trying to do keep ignorant investors from losing their money?
What say you?
ADD to all this ...
New employees being hired...
new website being launched....
Medico getting final approval...
Medico test marketing being done...
For the moment I'm pretty glad to be a shareholder.
The reality is that it takes time. money and ingenuity to grow a business into a success. I think patience will be the key to coming out all right on this investment.
Randy
GOOD HIGHLIGHTS....
1. We now know how many shares are outstanding:
As of August 11, 2009, there were 4,213,123 shares of common stock issued and outstanding.
2. For Q2 2009 we turned a net profit of .05 per share. While this is offsetting a loss from the Q1 2009 of $2.12 it's not all that exciting...but it might be a glimmer of hope for good things to come.
3. As per 8K Filing $2,008,000 of our debt has been converted to Preferred shares...and some of our other debt has as well (143K worth). HOwever, someone with an accounting degree will have to explain how these preferred shares actually convert to common. I don't get the divide the stated value by $.50 or something like that.
4. CEO Rice has been continuing to help to keep the ship afloat by loaning the company funds (both her wages and her own money). "As of June 30, 2009, the Company owes Melissa K. Rice, our Chief Executive Officer, $18,596 which the Company has agreed to pay back at the interest rate of 12%."
5. We reacquired rights to the Aeropedic Mattress Topper as well as the PR'd GEMAGIC beading kits.
6. Our operating capital and limited resources appear to be coming to an end as per this sentence: "Management is currently in the final stages of negotiating with several institutions to secure financing for the operations of Medico and the Company."
7. We're still operating and have some funds to do so. "as of June 30, 2009, the Company had cash and cash equivalents of $1.5 million."
8. As expected we've used a lot of our existing capital and cashflow to get our subsidiary Medico Express off the ground. This is really big news and holds HUGE LONG TERM potential for the future:
"In preparation of launching Medico Express, we have expended $803,988 in connection with start up costs including licenses and required applications, hiring of personnel and creation of an in-house customer service department solely to handle fulfillment of Medico Express orders."
9. CEO Melissa Rice has been on a tear... buying free trading shares and filing her Form 4's. I think this has to be a good sign.
NOT SO GOOD HIGHTLIGHTS....
1. Revenues were only $2.8 Million for the Quarter
2. We have Over $6.7 Million in debt....which is down from $7.3 Million on April 31, 2009
3. Some wages owed have been issued I think at $2.00 per share: 300,000 shares to an employees and 850,000 shares to a consultants.
MY BEST GUESS IS IT WAS THIS CONSULTANT/EMPLOYEE THAT PAID FOR THE RECENT STOCK PROMOTION WITH SOME OF THESE SHARES.
4. We are presently operating with a questionable "Going Concern" accounting statement. BUT...if we've managed to get to this point...I think we'll be able to make the last few steps as well.
So...investment-wise there is both risk and the potential for reward. I think it is clear that a lot of work has taken place to make DRG a long term success.
I'd be interested in additional Plusses and Minises... Maybe I'll resurrect my old Pro/Con post from last year. :)
Later.
Randy
tchanuncy.... I also know a couple guys fairly close to the company and have passed along your comments to them.
Thanks for moderating this board and sharing your thoughts and perspective. It has been a great encouragement. I think everyone is always trying to allocate their capital to maximize their returns.... as investors we've already had a phenomenal opportunity to made some great returns.
ONe of the difficult things for me is to hold positions that are profitable and growing. Theoretically I know that holding long term is how fortunes are made... yet practically, I think a bird in the hand is better than two or even a dozen in the bush.
Any thoughts or wisdom you'd care to share would be appreciated.
Randy
Now that DRG seems to be following a pretty scripted series of press releases and milestones...we should hear about how their week of test marketing went. In their August 10, 2009 Medico Approval press release....they said the following:
"Dynamic Response Group is launching the Medico Express infomercial campaign today August 10, 2009. Initial media coverage will air on CNN Espanol, MEGA TV, Univision and Telefutura. The week-long test will be used to gauge the performance and general consumer response. Once DRG determines which spot provides peak response the company plans a national rollout with coverage throughout the 45 states where Medico Express is currently licensed."
I think a positive test marketing will be yet another chink in the chain of DRG progress. I'm getting excited. :)
I think it is also notable that they are speaking with in such positive language about doing the national roll-out. That makes me think they already have the funding set aside or lined up. Pretty cool.
Take care.
Mr. . Wayde Tharp sounds like an industry leader to me....
So far DRG seems to be on the right track...I think it is also interesting that everything seems to be running all cylinders. I'm also pleased that a number of suggestions have been or are being incorporated.
1. New Website up and running...We've been pleading for this for ever. Very Impressive. In fact it sort of reminds me of the Burson Marseller (sp?).
www.dynamicresponsegroup.com
2. In the July 15, 2009 press release we were given a progress report about the progress of Medico... they said....
"The company continues to prepare in anticipation of receiving its provider number in the coming weeks. It is continuing to fine tune the software implementation in order to link directly to Medicare to send its daily billing, and is currently interviewing high-level personnel with Medicare billing expertise. Medico's business model is designed to scale its services to provide both high quality health care products to our customers, and at the same time, set industry standards for the quality of care for the elderly Hispanic community."
3. CEO Melissa Rice has been filing her Form 4's in a timely manner. She's bought over $45K worth of stock since the reverse and probably another $20K or $30K in the years 2007 and 2008. Her list of buys is looking pretty impressive. I've already posted what I think this means. :)
http://finance.yahoo.com/q/it?s=DRGZ.OB
More later.
Randy
Hey JTORENCE....Are you working with the bad guys????
You know...the ones that would like DRGZ's price to go down...
So they can cover their short positions and reduce their losses???
I hope we don't trade with such wild swings...and orderly market is a good thing. However, I think over time we will go to $3-5.00. But before then I think we will base at higher and higher levels.
But who knows? I'm glad I own about as many shares today as I ever have.
Randy
NEW IR FIRM MIRADOR CONSULTING, INC
I gave the IR company a call and had a pretty good conversation. If you're skeptical about DRGZ and it's future, I'd encourage you to give them a call.
At the end of the PR there was this contact information:
Investor Relations Contact:
Mirador Consulting, Inc.
Frank Benedetto
561-989-3600 or 877-647-2367
I called and talked to some other guy (not
Frank B.) ... and was impressed by his familiarity with DRG and encouraged his expectations. He said as a firm they've been around for almost 10 years and their goals are pretty clear. They find companies that they believe have long term potential and take a position with restricted s tock in them and then work to help the companies become successful. The contract is for one year.
When they find companies (like DRGZ) they first of all do their own due dilagance. They come and interview management, look things over, "kick the tires" so to speak. When they are satisfied and think will be successful, they bring their IR companies to several investment firms who they work with who in turn send their compliance people to do their DD. If things check out these firms will then recommend the company to their brokers and clients.
He said there were a couple of these firms that have already been on site at DRG's offices in the last couple weeks. He was pretty sure that some of these companies were close to putting DRG on their recommended list. At another point he said that DRG has received several offers for additional financing if they want or need it.
He estimated that there were around 5 million shares outstanding. He also said they were impressed with CEO Melissa Rice and what she has managed to do over the last couple years. They were convinced that she intends to build DRG into a long term success. As such they are excited to be working with them.
Along this line, I asked if he was aware of any work being done to uplist to a broader market. He said it is definitely the intention of the company to do so.
I think the balance of buys to sells over the last week is pretty indicative that quite a number of investors expect DRG to moving up. What makes me a buyer is the comparative share price... Plus most of the investors that came on the scene in July entered the stock above the $1 and $2 level. This could get interesting pretty quickly. ;)
We're really only at the equivilent of .095 cents per share. If you look over the longer term average share price hardly anyone owns the shares of the company below this level. And this is particularly important as DRG approaches completing the roll-out of the Medico subsidiary.
If there is a sizable short position out there as I mentioned a few posts ago...it has to be pretty disconcerting to see the price brought down (I belive artificially) and buyers showing up in numbers. Check out the buy/sell ratio from yesterday:
http://ih.advfn.com/p.php?pid=trades&cb=1249764762&symbol=DRGZ&java_vm=sun&java_vm_ver=1.6.0_13
We should see DRGZ posting their lastest 10Q filing on Friday. I'm hungry for some more information and I'm guessing we will probably get it.
Go DRGZ!
Thanks PS... if I get the chance I'm going to talley how many shares she's purchased and at what price....
PLUS if you think about it...even her taking stock in the compnay instead of wages over the last two years makes an absolutely huge investment on her part.
Granted by taking shares in lieu of salary has given her a majority stake in the company...but what real gain is that if the company becomes a flop?
The only way she will win is if DRGZ wins. If she dilutes the company with all sorts of new shares...she's going to feel the pain more than anyone. Just think....
She now owns 587473 shares.......@ .95 per share shows her time and energy investment is worth just over $558K. Of that total she's actually spent around $20,000 in the last month buying shares on the open market. When you add to this the number of shares and filings she made last year....I'm sure she's spent over $50,000 of her own money in addition to taking shares as wages.
I'm guessing she's doing this to demonstrate for all of us that she thinks the company is worth more than it's presently trading at OR at least that as the current business plan unfolds it will be worth a more than it is now.
It seems clear to me that she's doing her part. What more can she say without actually recommending that people buy shares of her company? Now will it all be worth it? Will it be worth investing in her continued hard work?
I'm beginning to think so. Later.
RK
Also, I thought the trading DRG has been interesting. I would be hard pressed to believe that anyone has a cost basis that they could sell shares at these low levels.
Even though there are some that think "millions" or hundreds of thousands of shares were spent on promoting DRG...I have my doubts. I don't think that Melissa would do the very thing that drove her nuts when she took over as CEO...the low priced stock.
Here's my theory...after the "extreme" reverse any trader or money people could figure that with some press and volume there'd be a major price move....if they played their cards right...they could pick up the early shares...promote the stock...and flip their shares for a quick $200-300K gain. Sounds like a plan to me.
The losers of course is those who bought and then didnt' sell into the into price move. Unfortunately, there always has to be bag holders. If DRG delivers...these would eventually be covered...always the question....to average down or abandon ship.
At one point today...I think about 90% of the transactions were buys. Guess we will see what happens tomorrow and later this week.
RK
Profitscout....I think time will be the only thing that convinces the investing public that DRG has a viable future. DRG is on record affirming that they would be announcing the launch of the sub Medico Express by---around the end of July.
Well, they've missd the July 31 deadline...but the press we've seen sounds pretty impressive. 44 states already aproved, commercials ready to roll, direct Medicare billing. Depending on how things roll out, it could attract some pretty major interest.
If spinning out Medico is part of the near term plan...I expect that shareholders of DRG will receive some ratio of shares in Medico as of some affective date. Or maybe DRG will just be able to feed off the cash flow and profits of Medico. Who knows?
Thanks for the heads up...
It looks like the market is pleased with the news as well.
RK
refermaniac. Thanks for posting your current thoughts about your stock. It is good to hear that you've held and added to your position. It takes courage....but do remember at some point to take some of your money off the table. I once road several thousand shares of a techology stock (NSCT) from $2 to $20... and only sold a couple hundred shares at the $16 level.
I was positive we were heading for multiple splits and mega-bucks...My mistake...one I'm not apt to make again.
What more often drives me now hwen I have a position with substantial gains is probability.....is the stock I'm holding more likely to double than another one I might purchase.
Anyway...congratulations and best regards.
Randy
Thanks for the post and I think you're right. We shall see what happens in the next weeks and months.
RK
Hey John...what is the timelines for training camps and pre-season?
Randy
One day some day. Maybe. Until then...hardly pays to sell.
RK
I heard a fox news commentator give a response to Obama's speech and he said...I really have no idea what he just said.
He polled a number of the other correspondants and asked them if they could summarize what Obama's plan was. They couldn't.
I thought that was pretty funny.
Randy
Seems quite clear that HENC is under some pretty major accumulation. If this keeps up one would think we would be moving up to the next level at some point. I'm thinking all it will take is the proper spark.
Regards,
RK
http://ih.advfn.com/p.php?pid=trades&cb=1248381745&symbol=USBB%3AHENC