"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.
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.