InvestorsHub Logo
Followers 41
Posts 3508
Boards Moderated 2
Alias Born 09/20/2007

Re: cgraut post# 703

Tuesday, 06/03/2008 7:46:33 PM

Tuesday, June 03, 2008 7:46:33 PM

Post# of 2559
CMG, I would only add one comment. I think typically when people talk about dilution taking place it is generally in the present tense. The share count has gone from 81 million on August 14, 2007...to 90 Million on May 15, 2008.....

Most of our dilution has showed up in Pink to Bulletin Board process and as some have suggested as shares given to promoters who pretty well screwed the company...by not really promoting and selling their shares.

In the last nine months the company has become cash flow positive, even turned a profit and been ramping up reveues remarkably. All that in exchange for 11% dilution.

I'll take that kind of dilution any day.

As frustrated as management is with the low stock price, I do not expect DRG will be very willing to dilute.

So, I don't have an explanation for the low stock price... other than MM games and maybe some left over promotional shares. But I will contest you theory about DRG issuing shares into the market.

Latest promoter paid cash.

Lebed .... Paid cash.

Burson-Marsteller is being Paid Cash.

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.