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Big,
Quarterly reports are due 45 Days after the end of the reporting period (quarter).
I believe annual reports are due 60 Days... but as I'm thinking about it....it might 90 days. If it's 90 days...they would have through the end of September.
Someone probably can answer the question better than I.
I was just looking on OTC.BB and it sounds like GTEC will lose the e today...I've not checked the quotations yet....maybe it already has.
Randy
http://cobrand.knobias.com/otcbb/story.htm?eid=3.1.6ebe80ea8b3c6611720924bb9ab0f7b5453bf8f1eca33c17bba6b48f2b96ff86
It's toward the bottom of the list.
RK
The Light has come into the world, but men have preferred darkness. Want an eye-opener? Check out http://www.thetruthproject.org
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Well, now all we need is some additional news about their drilling plan or success....and we should be off to the races.
RK
That's what it looks like to me as well.
I remember reading somewhere in the 10Q that it was not so much audited as reviewed....I wonder if maybe this doesn't meet the SEC requirements?
I guess we shall see.
Another stock we're both familiar with is GTEC...it also has a appended "E" even though it is supposed to have until the 29 to file it's fiscal year end 10K.
Who knows.
Randy
Hey Gary good to hear from you. I remember you well. I think a honest appraisal of disclosures is what IHUB is all about. I didn't take your post as bashing at all. If DRG can't stand up to scrutiny, then people are right in saying so. I do appreciate your comments.
Another friend pointed out how even the OCF numbers we have can be somewhat manipulated by holding back or delaying payment of accounts payable.
There's little doubt that DRG is leveraging their rapid revenue growth with their cash flow. I suspect it's a pretty tricky matter, but so far...at least for the last two quarters they've managed to do it without additional investment capital...which I think is fairly impressive.
Also, I sent you a private message. If you want you can reply likewise on SI.
Randy
A Couple More things.... (and yes, maybe I am licking my wounds just a little)....
1. DRG has been growing their revenues at an amazing rate.
2. DRG is still growing and maturing. What will the next blockbuster product do/be?
Here's a summary of DRG's Gross Revenues*:
2006 Q1 $2.0 Million
2006 Q2 $2.4 Million
2006 Q3 $2.5 Million
2006 Q4 $4.75 Million
Total for 2006: $11.65 Million
2007 Q1 $4.3 Million (growth 115%)
2007 Q2 $3.6 Million (growth 50%)
2007 Q3 $4.8 Million (growth 88%)
2007 Q4 $7.4 Million (growth 57%)
Total for 2007: $20.1 Million (Average growth over 2006 72%)
2008 Q1 $10.1 Million (growth 234%)
2008 Q2 $9.6 Million (growth 266%)
Right now for the trailing four quarters we have already recorded $31.9 Million dollars in gross revenues. ZOOOWWIE!!!!
Our current run rate....using Q1 and Q2...we're looking at pretty close to $40 million. If we apply last year's quarterly growth to Q3 and Q4 ($4.8 Million x 88% growth: $9.0 Million PLUS $7.4 million x 57% growth: $11.6 Million), we would see Gross Revenues of $40.3 Million for the year.
If we want to suppose the 200% growth rate continues our numbers would be bumped up to almost $45 Million.
By anyone's standard, this is a truly incredible track record. Combine this with DRG's postive Operating Cash Flow and I think we have a business model that continues to hold some pretty amazing potential.
As I've said before...if it was easy, everyone would be doing it. AND THEY'RE NOT!!!!!
* Yahoo Finance (through EDGAR) only show Net Revenue (gross less returns).
The Light has come into the world, but men have preferred darkness. Want an eye-opener? Check out http://www.thetruthproject.org
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RE Operating Cash Flow. I just realized something else....
In spite of recording a pretty sizable loss for the quarter, has anyone noticed something pretty amazing about their Operating Cash Flow.
At the end Q1 we showed a negative Operating Cash Flow of ($351,000).
At the end of Q2 2008 DRG somehow managed to turn this around to a positive Operating Cash Flow of $315,926.
I don't know that I fully understand what this means accounting-wise, but I'm pretty sure it means that our Operating Cash Flow for the quarter was.....
$666,926.
I don't know for sure how that will fit into jimmeknee's valuation model....but I'm guessing it will probably change things at least a little.
I'd be interested what some others think about this.
Regards,
Randy
The Light has come into the world, but men have preferred darkness. Want an eye-opener? Check out http://www.thetruthproject.org
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I had posed a number of questions on DRGP's Yahoo Message board and received this answer.
"Here is the way I see the quarterly on your questions:
1) No - heavy loss due to substantial increase in expenses
2) Addtl shares - 4.45m + 2.3 - 3 mil more to Melissa Rice at the current stock price
3) Yes - positive cash flow
4) 10 products declined, 6 in various testing stages + submission to Medicare for the Medico line.
5) No guidance stated in the report. This would need to come from a CC, but does not appear there will be one, which is there normal MO."
To this I replied.
One clarification....
The number of shares outstanding have stayed the same since the May 15, 2008 10Q and I quote from front page:
"The number of shares outstanding of each of the issuer’s classes of common equity, as of May 14, 2008 was 90,548,066 shares."
From yesterday's 10Q,
"As of July 31, 2008, there were 90,548,066 shares of common stock issued and outstanding."
I think that this is good indication. DRGP is not a typical pinkie diluting machine. It is clear that CEO Melissa Rice has turned off the spigot and there are only so many shares available shares to be bought or sold.
I continue to believe that IF THE COMPANY CONTINUES GROWING...we will eventually see some long term appreciation.
Long and GTEC Board,
I would have thought the company would have taken care of it already. I don't know enough about the workings of the SEC to know what steps have to be taken to rectify.
Incidentally, I remember owning GTEC before the merger and I think I paid 18 or 20 cents per share for my first shares.
AND NOW... after they become a company with revenues over $100 Million and over $20 Million in net income and we're trading below that level. Amazing.
There is real value here and in time the market will recognize it.
Randy
I don't disagree. That is why I wrote my update the way I did. If BLLB is going turn itself into a respectable company, it is going to have to change its ways.
Is that likely? Probably not. Is it possible? Perhaps.
Randy
Hey Brent,
I don't know a lot of those sound like you're talking about South Dakota. :)
Randy
I agree MLM77. I have to say I was little disappointed wiht the report. I didnt' think they'd be reporting that big of a loss. However, there are some good things too. My guess is that this poor earnings report was probably already factored into the price of the stock already. Who knows? My guess is that we will probably see some news tomorrow (but who knows?).
Among other things, here is what I got from the 10Q"
1. Gross Revenues were $9.5 Million compared to the July 22 PR of which said they were $9.1 Million.
2. These revenue yielded $7.2 Million in gross profits.
3. Apparently we have even been Operational Cash Flow postive to the tune of $322K. I thought you made a great point. This is a huge improvement over last year.
4. We've found a number products that have been unsuccessful and are leaving them in the dust.
5. We have a handful more pretty well ready to go. ..I thought the spinning fryer...don' t remember just what it was called sounded intriguing.
6. CEO Melissa Rice continues to take some of her wages in restricted stock. This has to be a postive. Why take stock today? Cause you think it's going to be worth more tomorrow.
Regards,
Randy
The Light has come into the world, but men have preferred darkness. Want an eye-opener? Check out http://www.thetruthproject.org
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I SPOKE WITH CAPT. RODNEY TODAY. Well Guys, as promised I called Bell Buckle today and was actually able to get through to Rodney. I told him that I had once again become the moderator of the IHUB board and that I was trying find out how things were going. I said there were lots of people with lots of questions.
We talked about how the company was doing. As always he seemed very optimistic and said things were going well. He said they have been busy making jellies and jams.
I asked about the share structure. He said he was pretty confident that it has remained the same since February. We'll have to check back to see what those numbers were exactly.
He indicated that it was still their intent to uplist. He said he had just talked to Morris Jackson about this on Monday. M. Jackson was supposed to be reviewing everything. Apparently, he had told them to stop putting out press releases until he gets everything figured out. Not sure what that means. He said he thought they would be putting news again sometime.
I asked him about three matters that will be of interest to shareholders.
1. I asked if 2007 revenues were comparable than 2006. He said they were. He also suggested that 2007 was another profitable year for them. Personally, I don't know if that included all the stock sales, dilution and such...or on what he was basing this affirmation.
2. I pointed out to him that it was a little bit silly to be talking about uplisting to the OTC.BB which requires Sarbanes/Oxley audited financials when they haven't even been able or willing to post non-Sarbanes/Oxley audits onto Pinksheets.com. I told him that when you go to pinksheets.com and enter BLLB...you get a big stop sign and it says no information available. He said he would look into it.
3. I asked about the promised website upgrade. He said that they have actually hired a different website designer and that they were hoping it would be up and running before the Christmas season. It sounded to me like this would probably be the first thing we'd be hearing about.
Regards,
Randy
P.S. though I am the present moderator of this board I am presently not a shareholder. If at some point I decide to take a position once again, I will disclose this to the board. So, though I am relaying information, don't take my service here as an encouragement to invest in BLLB stock. Do you own DD. RK
The Light has come into the world, but men have preferred darkness. Want an eye-opener? Check out http://www.thetruthproject.org
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Well folks, here's my plan for BLLB. I'd like your help in compiling a few informational post. I've been an assistant on the DRGP board and have developed a handful of informational posts that I think are helpful to focus our conversations and discussions.
My plan will be to receive your input, collate the data and then try to keep a set of these posts on the front page at any given time
1. A BLLB Frequently Asked Question (FAQ) Post
While information is at a bit of a premium, we don't really know very much for certain. The most reliable information that I know about is the 2006 financials that were file with pinksheets.com before BLLB started trading.
2. A Pro/Con Post
I would like to start compiling what we know that's good and what's bad. No need to bash or delete negative posts, we will just out what we know good and bad.
3. And maybe eventually a DD Summary Post
I know a lot of this sort of information is already in the Ibox...but most people that try to keep up on Discussion boards don't take the time to read the Iboxes.
If you want to see samples of what I have in mind check out these posts of mine:
1. FAQ Post http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31139820
2. PRO/CON http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31139777
3. DD Summary http://investorshub.advfn.com/boards/read_msg.aspx?message_id=31139683
Well John you are around still. I thought you maybe made your million and moved out of the country. :)
Glad to hear from you once again. BTW, you've not been doing a very good job around here. LOL
I'm still waiting for you to add your evaluations to the table in the bottom of the IBOX.
Randy
Not touching it with a 10 foot pole...... :) Just thought I could try to uncover some facts for the folks over there.
I've pretty well learned my lesson from pinkies.... I know a bunch of the guys over there....I thought we might commiserate together. ;)
Also, I in a slightly ingenuious way...I thought I might play a role in objectively evaluating what's being said and done over there...and share a bit of what I've learned.
In other words, don't take my role over there as advocating buying BLLB. It's more an effort to be of assistance to others.
Also, I was still a little unhappy that I was bumped from being moderator over there....cause I hadn't been posting frequently enough. I don't know ... maybe I shouldn't moderate a board when I'm not advocating the stock. :) I'll have to think about that one.
Randy
The Light has come into the world, but men have preferred darkness. Want an eye-opener? Check out http://www.thetruthproject.org
Check out a new board: AS IRON SHARPENS IRON
http://investorshub.advfn.com/boards/board.aspx?board_id=12482
Actually.... Yahoo Finance won't let me post my reply.....so I will have to add it later. I'm off to work. I will be back around noon.
Randy
My reply to a Yahoo Message Board poster who pretty well slammed me and my postings about Dynamic Response Group.
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_D/threadview?m=tm&bn=76060&tid=420&mid=420&tof=1&frt=2
"If you posted like this on IHUB your post would be removed as it is more a personal attack than a discussion about the pros and cons of the stock. However, Yahoo's MB has no such criteria or moderators so here is my reply:
"hifli. I guess it's pretty clear that we see things pretty differently. I have acknowledged my bias and tried to interact with both the positives and negatives of the company.
"Could I be wrong? Naive? Misled? Bamboozled? I suppose. Could DRG just be another crap company like most other OTC.BB and Pink sheet companies? Sometimes I wonder, but for the most part, I conclude that this is not the case. Take a look at my IHUB board...I've tried to establish a more or less objective criteria for evaluating otc.bb stocks (bottom of ibox). If you have some ideas how to strengthen this criteria please share them: http://investorshub.advfn.com/boards/boa...
"My evaluation of DRGP.OB yields an 84...again this is my biased opinion. If you want to interact with the criteria and post your eveluation there I'd be interested to read it.
"I know there are people who use message boards like this for personal gain. I guess that has to be a judgment call by those who read it. If I was being paid to post when I really didnt' believe this stuff, then I'm a scumbag. I'd be trying to play on people's emotions and take advantage of them. At that point I would truly be a bad guy.
"I think some of the insults you threw at me were unfair...but that's OK. I hope they're not true....but who knows. The proof will eventually be in the proverbial pudding. Could DRGP crash and burn? I suppose. Could DRG succeed and become a respected wallstreet company? I really believe this possible too. Check back in 3, 6, or 9 months and we will all have a much better idea. "
The Light has come into the world, but men have preferred darkness. Want an eye-opener? Check out http://www.thetruthproject.org
Check out a new board: AS IRON SHARPENS IRON
http://investorshub.advfn.com/boards/board.aspx?board_id=12482
Hey Joe....I agree...we see some of the short term effects....but what will be the long term affect remains to be seen.
We know the company needed cash pretty desperately. I was surprised to hear about the lawsuit and the settlement...but had not done as thorough of due diligance as I should have.
Does anyone know if it was ever disclosed in any of their filings before the news came out? Just curious.
Now that additional funding has been lined up...it would be nice to know that terms of it as well...or is it the same as first $100K?
Regards,
Randy
We shall see. I will make an effort tomorrow. I still have cell phone numbers for him and Brad....
Plus I am also a jelly and jam maker myself. :)
RK
DRGP Dynamic Response Group failed to file their Second Quarter 10Q last Thursday, but did file a form NT 10Q which means they will have to file by tomorrow to stay in compliance with the OTC.BB requirements.
I mention this this evening cause we will very likely see their report filed tomorrow. As the stock has been trading pretty tight lately, I'm guessing that if the report is strong enough to engender buying, we will quickly move from the high 2's to the low to mid 3's.
I am still hugely bullish on DRG's prospects and really can't explain the current stock price. I would go so far as to say that if business plan continues to develop it deserves to be trading 10 times higher that it is presently. That would look good in anyone's portfolio. :)
In the lst 4 quarters they've generated over $32 Million in gross revenues...$19.1 in the first two quarters of this year...and even turned a net profit in the first quarter of this year.
So at least put it on your radar for tomorrow.
Later.
Randy
The Light has come into the world, but men have preferred darkness. Want an eye-opener? Check out http://www.thetruthproject.org
Check out a new board: AS IRON SHARPENS IRON
http://investorshub.advfn.com/boards/board.aspx?board_id=12482
Well Rookinvestor, I thought maybe you should have become the new moderator. If you are interested in being the moderator, I'd be happy to step down and let you hold the position. Just let me know. :)
I'm looking at the whole process as a sort of continuing education experience. I will do some research and make some phone calls and see if I can get any reading on the future of the company.
Take care.
Randy
The Light has come into the world, but men have preferred darkness. Want an eye-opener? Check out http://www.thetruthproject.org
Check out a new board: AS IRON SHARPENS IRON
http://investorshub.advfn.com/boards/board.aspx?board_id=12482
I thought I should point out that the pages linked to in the previous post are to old internet web pages that are no longer accessible from the new home page that was posted on March 31, 2008.
It's not too exciting to look at the old pages, but there really is a good amount of information still available. I expect once they roll out the new and improved website, these old pages will be replaced.
ALSO, if you go to the product page...you can still link to some of the products that DRG is selling on the internet....click the little square box below product name.
Regards,
Randy
The Light has come into the world, but men have preferred darkness. Want an eye-opener? Check out http://www.thetruthproject.org
Check out a new board: AS IRON SHARPENS IRON
http://investorshub.advfn.com/boards/board.aspx?board_id=12482
I've pretty well kept up with the stock and board. It's been pretty frustrating.
For those of you who don't know my history I came on the scene in October/November 07 and invested big in BLLB. At one point I thought I owned just over 3 percent of the company. When the revelation of all the share issuances came out...this was greatly reduced.
I kept averaging down...till about .0015....then lost heart. I sold out before the big spike to .0085. Took a pretty big hit. It was a pretty expensive educational lesson...but hey.
Regards,
Randy
Has anyone had success on speaking to management in the last month or two?
Just curious.
Randy
Hey Guys....thought I'd stop back and say hi.
I learned after the fact that if you don't post on a somewhat regular basis....even as moderator....IHUB must automatically delete you from moderating.
Regards to all
Randy
Hey Brad, LOL. Yeah...that's true to a degree. Nice to hear from you.
The alternative is that we become enamoured with whichever stocks we or our friends or broker find or mention to us.
I know that personally, I will from time to time ... I will invest in companies outside the AISI criteria that we've established. Sometimes for good...sometimes for ill.
There is definitely money to be made elsewhere, but we're talking about trying to minimize risk and maximum gains. At least running potential stocks through the grid we've established will at least give us a standard by which we can evaluate our potential candidates.
Regards,
Randy
Agreed. I think vantillian would agree with this as well. I think we have all had to learn a lesson or two with high expectation low priced stocks.
I think for new or inexperienced investors they would be best off staying away from all grey and pink sheets and most BB.
This is why criterias like these exist to try and save the mistakes that cost us and the average investor big money every day, month and year.
From a more theoretical level, most should learn to be wary and realize that there are going to be bag holders (losers) in most of these deals. This is in part why I like lowman's Money 101 site (link in Ibox). He makes this point very clear.
Later.
Randy
At first glance it seems to me that most of these criteria would fit somewhere in the AS IRON SHARPENS IRON criteria that we have posted in the IBOX. I will take a closer look at the later...and see if we have to edit our list.
John...JOHN!!! ARE YOU THERE???
What are your thoughts,,,any one else?
Thanks.
Randy
VANTILLIAN's PREMIER PLAY CRITERION
# Ungagged T/A
# Fully solicited
# No indication of being viciously shorted / No RegSHO
# Responsible A/S and O/S
# Currently undervalued
# Updated filings
# Good rating on Pinksheets or otcbb.com -- http://www.pinksheets.com/pink/otcguide/investors_market_tiers.jsp ("distressed" or higher rating)...
# Financials / audited financials
# Solid history of not diluting irresponsibly
# Hot Story
# Independent investor verification of PRs and other DD
# Non-dilutive clause/agreement
# Creative marketing in place
# Decent, available IR firm
# Proven history of running effective PR campaigns
# No history of toxic financing or connection with known toxic financiers
# No online restrictions at any of the big online brokerages
# Credible leadership with proven track record
# Massive potential that does not require massive funding first (unless non-toxic/non-dilutive funding is already in place)
# I'd add that the CEO/owner is not taking a salary if the company is not profitable.
# They don't have a history of diluting.
# They have a clean shell and no shares from a former promoter who is waiting for volume to dump.
# And 0 or low debt structure.
# Review split history for abuse
# Check history of CEO and officers for lawsuits, bankruptcy, tax evasion and other such activity. And search their names for violations with the SEC.
# Verify with local town hall that said company actually owns what they claim.
# Verify "facts" from PR's i.e. PR says one thing but filings, or verifiable resources reveal another.
# Review all websites for Copyright and ownership. Review those mentioned on the website for the same factors as a CEO (mentioned above).
# Access to NOBO list or DTC...
Hey Mike...followed the links you provided. Pretty interesting stuff.
Randy
BTW....I've decided to post your "Premier Play Criteria" on the AS IRON SHARPENS IRON BOARD. http://investorshub.advfn.com/boards/board.aspx?board_id=12482
Thanks for stopping buy. I've added a board mark here.
Also, you might check out GXPI...I don't own it but have been following it...seems they've just come up with convertable financing...and bashers have shown up, an old legal suit settlement has been brought up, and the share price has waffled at low levels.
I've been reading this Joe Kernan...he's a little green with stocks, but a government analyst ... pretty smart guy. It will be interesting to see how it plays out.
Later.
Randy
The Light has come into the world, but men have preferred darkness. Want an eye-opener? Check out http://www.thetruthproject.org
Check out a new board: AS IRON SHARPENS IRON
http://investorshub.advfn.com/boards/board.aspx?board_id=12482
Ain't that the truth. I've said of myself before that I'm better at holding a loosing position than I am a winning one. Hopefully, I'm getting smarter. :)
Probably the biggest ride that I kick myself about is NSCT. It was a bulletin board stock and supposedly had the next big thing in ram memory. Ran from under a dollar to $20 bucks. I rode it up to $20 and didn't sell it till it had come back to single digits. That isn't gonna happen again. I might miss out on some big profits, but now I always take profits. :)
As the Gambler song goes....
"You got to know when to hold em, know when to fold em,
Know when to walk away and know when to run.
You never count your money when youre sittin at the table.
There'll be time enough for countin when the dealins done."
We could probably change a few words and make it apply even more.
Regards,
Randy
The Light has come into the world, but men have preferred darkness. Want an eye-opener? Check out http://www.thetruthproject.org
Check out a new board: AS IRON SHARPENS IRON
http://investorshub.advfn.com/boards/board.aspx?board_id=12482
Cool. I bought 20 cents worth....so that should work. .20 /.0002. :)
Which brokerage is IB? Did you both have more than 10000 shares or did you have less?
Well I just checked Ameritrade and so far none of my accounts show any Green Gold.
Randy
Yes that was true....but the recently filed 10Q speaks of divesting that acquisition:
Following the acquisition of Endeavor Canada, we paid $1,640,000 in principal and accrued interest to Endeavor Canada’s note holders with 1,093,155 shares of our restricted common stock.
On February 1, 2008 we entered into an agreement with our former Chief Executive Officer, Cameron King, which provided us the option of exchanging all of our interest in Endeavor Canada for the our Series A Preferred shares and the Class A Preferred shares of First Endeavor Holdings, Inc. previously issued to Mr. King in connection with our original acquisition of Endeavor.
On February 15, 2008 the option was exercised. As a result, the 6,500 shares of our Series A Preferred stock and the 6,500,000 Class A Preferred shares of First Endeavor Holdings issued to Mr. King were returned to us and cancelled and all outstanding shares of Endeavor Canada were transferred to Mr. King. The assets of Endeavor Canada included all of the Company’s Canadian-based oil and gas holdings.
We have recognized net losses from the discontinued operations of Endeavor Canada totaling $2,455,000 and an extraordinary gain upon the divestiture of Endeavor Canada of $783,868.
PLUS, if you look at the Consolidated Balance Sheet Liabilities and Stockholder (Page 2)shows no Preferred shares oustanding at this point.
No granted...I could be missing something...but that's the way it looks to me.
Randy
Well, I've already done my research as well. I own what I regards as a fairly small number of shares...but have been thinking about averaging down at these levels.
Oh yeah...I'm also the moderator of this board. :)
REgards,
Randy
See my recent post to AJ and give me some answers if you can.
I'm curious. Are you guys being paid to post here on EENR? I've been listening and reading your post over the last few weeks and I've not really heard much serious due diligance about the company
it's shares...
it's future prospects...
potental joint veture partners,...
or anything like that.
So far not has given me one good reason to guy this stock.
Does this company have a future?
Can management be trusted?
ARe we ever going to produce more than a dozen barrels of oil a day?
Everything with developmental companies like this are not explainable with the price movement of crude oil. There's like a zillion other reasons why the stock could be trading up or down.
Randy