Universal Apparel and Textile Co. (DKGR)

[paid pumper]

I am, to a very large degree, impressed with the 180 degree turn around handling of the Jackpot property and the subsequent moves going forward. Since the formation of Drake in '06, when I got in, from the gold plated skateboard wheel company, or whatever it was (before my time!), there have been some mistakes, fiascos and retractions which were centered around oil, diamonds and the Jackpot. However, much to management's credit (Clayton to a large degree, but all of management together) they have not only taken steps to distance themselves - 1) Booting Melvin O'Neil, 2) Reacquiring the Pegasus stock after that deal went south, and most importantly, 3) Making a full disclosure of the history, the previ0us findings and the current sampling on the Jackpot property before pushing it to the back burner. DKGR went so far as to comprehensively package original newspaper articles, claims and the like for all of us to see and then announced that management felt that pursuing the Jackpot was not in the company's best interest. You cannot get anymore up front or forthright than that. Now they are making moves to ipo the oil division with its shareholder dividend along with "current information provider" status and buying back shares. The overriding reality is that DKGR is, in fact, a pinksheets company, but the more localized temporal reality is that these guys are implementing a business plan and program that is straightforward, transparent and has huge upside potential. It just takes time. Having said all that, I still would like it to hit a dime by the end of the week!!!!