MARKETDD.COM RECOMMENDS DRYD
In case you missed it from yesterday or did not see it
===================== MarketDD.com ===================
DRYD:OTC
Dryden Industries Inc. was getting a lot of attention today from
speculators who were bidding up the stock from 0.17 this morning to close
at 0.27 (+58%) on 8 Million shares traded. The stock closed on bid/ask
.27/.27 .
Rumors are of a reverse merger with a company called Vista, the chat boards
are buzzing with the usual excitement and hype, including price targets
that would put QCOM to shame. Please exercise caution as the stock is
already up +100% from last Thursday.
We have not followed this company in the past, but the following was sent
to us from another newsletter that is covering story:
" DRYD, the little shell that could, is about to become a real, revenue
producing, profit making company with enormous future potential.
Rumors have it that DRYD, this week, will lock up the deal for a reverse
merger of Vista, a video streaming Internet company with clients that
include Microsoft, Arthur Andersen, Price Waterhouse, New York Life and
IBM, to name just a few.
In addition to producing training and sales videos for corporate
clients, Vista has developed streaming video technology for web customers
and markets it to business web sites.
vistapvg.com
Projected Vista revenues:
Close to half a million in 1999
2 million in 2000
8 million in 2001
18 million in 2002
27 million in 2003
Following the Vista deal there will be announcements of other companies
that will roll up into DRYD.
Trying to gauge the value of DRYD stock, post merger, you'd have to
consider it's a business to business Internet success in this hot market
environment. 60x next year's profit (1 million) gives us a 60 million
market cap, for the Vista portion of the company alone. The numbers are
staggering. And this is based on Vista revenues alone.
Compare that to a public company called Intervu (ITVU). Although it is
believed Vista product is superior, last year ITVU had $3million in
revenues with a 7 million loss and a 1.5 billion dollar market cap. On
Dec. 31, 1999 ITVU was priced at $105, up from around $8 last January.
This is the sector and financial arena into which Vista will bring DRYD
shareholders.
Outstanding shares: 54.3 million
Float: 26.7 million, held tightly by ?long hands?
When you own DRYD stock it will be like owning, for pennies, the IPO of
an aggressive, profit-making, upstart video streaming company with
tremendous future growth potential.
MM?s are rumored to be in a huge short position. So much so, that the
buying pressure from this news will send DRYD shooting upwards.
Lee Matzig, DRYD CEO, is about to finalize the first of four lucrative
deals that will turn this shell into a veritable public company spin-off
machine.
Other companies rumored to soon be rolled into DRYD:
A cell phone radiation protection company that already has a national
market.
A second video Internet company.
A restaurant chain with 40 locations and plans to double that in 2000!
As you can see, the Vista deal is just the beginning.
Long time DRYD shareholders have faithfully watched this company work
diligently to make this happen. Now they will be richly rewarded. I'm
sure they wouldn't mind if the rest of us came along for the ride.
Remember the success of INVT and YNOT? Well in my opinion once all four
acquisitions are completed, DRYD will be more profitable then both of
them. Let's hope DRYD's stock follows the same pattern."
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Note: the preceding is not necessarily the opinion of MarketDD.com, just
passing along what we have heard. Experienced traders only, not recommended
for your Grandmothers portfolio.
Have a profitable day!
Gil and Don
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