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Dude ORama

06/18/09 10:59 AM

#1691 RE: RandyKCMO #1690

Post-split "performance" : down 50%

DRGP is acting pretty much like other penny scams after they have gone over to the 'dark side' with a 100:1 reverse split : down 50% in the first week of trading (0.004 to 0.002), from June 11 to June 18, 2009.

Remember, if you are looking for gains from this point forward, it is purely high-risk speculative short-term flipping. I applaud anyone who has the 'nads to make money in this situation, mostly becuase the management has made PLENTY with their un-earned salaries, massive share dilution, surprise reverse-split, and millions in losses. To make money via a share increase, you'll need help from the management in the form of new paid pump PR's, which we all know are pure fiction at this point.

However, watch out! The losses are not complete. Reverse splits of this magnitude -- on average -- wipe out 50% of value in one week, which has already been achieved. They also typically lose around 90% after 30 days. That's what you got to look forward to, so please be careful.