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
