Hi Sicctrading.... I've been a long time DRG fan. I think the company has a bright future...and will hopefully even up list to the American or NAS in the next six months.
As I bought up alot of shares between when the last reverse split was announced and executed...I made a bundle on the spike over $2.75. Since then I've bought back my position starting in the 90 cent range down to current levels. I need to be smarter in learning to wait till the bottom.
Here's my theory. I don't believe any investors own shares at current levels. I think the shares we're seeing coming out are shares that have been paid for services. As you've probably seen the company had around $7 million in debts. Most of this was owed to accounts Payable some to employees. If some of these accounts payable have taken payment in shares ($145K worth were mentioned in the last 10Q)....the modus operendi for such venders is to liquidate those shares as soon as possible.
Now that I think about it, we were even told this in the preceding press release and 10Q.
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.”
I could be all wet on this...but it's about the only thing that makes sense.