Dutch Gold Resources Inc. (fka DGRI)

[whatisthecolorofmone]

brief DGRI histroy:

Company Notes

* Formerly=Tombstone Western Resources, Inc. until 12-06
* Note=5-12-06 company is in the development stage
* Formerly=Small Town Radio, Inc. until 5-06
* Note=5-03 Company and its wholly owned subsidiary filed petitions under Chapter XI of the Federal Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of Georgia. Case nos. 03-67044 & 03-67043. 5-28-04 bankruptcy dismissed by the Court
* Formerly=Worldwide PetroMoly, Inc. until 5-02 State of Incorporation Colorado changed to Nevada concurrent with name change.
* Formerly=Ogden, McDonald & Co. until 10-96

Source: Pinksheet

Company once filed BANKRUPTCY. Current book (financial) does not look impressive. Huge liabilities. Source: last 10Q. IMHO, this debt might be the reason DGRI not at $.30. Institutions are not emotional players. They go very deep before making investment decision.

At a first glance DGRI look promising. still doing my DD. They have good back up as their subsidiary is AGDI (check the symbol). Also low float.