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Microcap & Penny Stocks : DRGI (Diversified Resources Group)

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To: InOverMyHead who wrote (366)7/29/1999 4:38:00 PM
From: Eric Fader  Read Replies (3) of 818
 
Am I the only person who remembers FAMH claiming EPS of .13 while it traded around .40? Go check where that stock is now.

Just some cautionary words. First of all, the .17 EPS was based on a weighted average number of shares and not the current outstanding. Second of all, where's the proof that they're not making it up, or that it's not all non-recurring special items like forgiveness of indebtedness? Obviously, the marketplace does not give much credence to the number. Finally, Mr. Davidsmeyer does not have a sterling reputation as CEO of a small public company. Data 1 was not a success story and a certain microcap newsletter author was lied to by Mr. D.

BTW, any idiot who is already diving for his keyboard to call me a MM or a short-seller, save it. I trade OTC-BBs and make it my business to know what's moving and why. This one is just too nutty (and possibly fraudulent, IMO) for my taste. You guys might get a nice pop at the open tomorrow, though. Good luck - Eric
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