financials timing was just the scapegoat..
1.STOCK DID NOT GAP-FIRST SIGN...
then all morning mm toyed with it up to
.21 back to .18...
then at lunch time my instincts went off
and i sent a message to kimberly lee to call SLKC
then i would not give here any answer...
THIS WALKDOWN STARTED WAY BEFORE ANYBODY KNEW
OR SAW FINANCIAL...MM JUST WENT ALONG AND DROPPED IT
FURTHER...STOCK WAS .16 X .175 WHEN IT HIT THE WEB SITE..
REMEMBER-WHY WOULD MM NEED SHARES IF THEY HAD MORE..THAT
IS WHY IT DID NOT GAP..AGAIN..
BUT COMPANY HAS 5 MILLION DOLLARS TO WORK WITH AND THIS LITTLE
ADDED DD I AM BORROWING CAUSE IT SUMS IT UP WELL;
> They will soon have 3 major profit centres of which details will follow in
> future PR!
>
> Profit centre #1: Real Eastate Division.
> They acquired property in North Carolina which contains 1600 lots. The
deal
> has CLOSED. Financing for property done through issuing restricted and
free
> trading shares plus cash. However, they can not recieve title to the
property
> until Dec 01/99---this was part of the purchasing agreement with the prior
> owner of the property. DRGI have already securred commitments for 1200
lots
> at an average price of approximately $60,000/lot. Cheques can start being
> cashed after they recieve titile.
>
> Presently, Hilton is in contract talks to built a 280 room Hotel Resort on
> the property.
>
> Chrchhill & Banks has 1st right of refusal with DRGI to develop a 20 acher
> commercial complex.
>
> A golf course developer has contracted with DRGI to build a new golf
course!!
>
> Drecker & Folk have signed 1st right of refusal with DRGI
> to build a complex of 80 appartments.
>
> Financing was arranged with the Bank of Boston and is closed!!!
>
> THE REAL ESTATE AQUISITION WILL GIVE DRGI ASSETS OF
> OVER $30,000,000. Net income is expected to be
> $5,000,000 per year for the next 5 years!!!!
> Earnings per share for the real estate aquisition
> is expected to be approximately $.06/share for the next five years based
on
> 85,000,000 share o/s!
>
> Profit Centre #2: Battery Division:
> THE PREVIOUSLY announced intent for PrePaid Cellular Solutions, Inc. of
> Melbourne, Florida through DRGI's wholly owned subsidiary, Cordless Power
> Corporation is
> EXPECTED TO CLOSE WITHIN DAYS!!! PR WILL SOON BE OUT!
>
> Under the Agreement, PrePaid Cellular Solutions will purchase cellular
> telephones and accessories exclusively from Cordless Power Corporation for
> distribution to its growing network of prepaid cellular customers.
>
> Cordless Power Corporation is completing the packaging, design and
equipment
> needed to supply the prepaid cellular phones, leather phone
> cases, high capacity cellular batteries, and cigarette lighter rechargers
for
> distribution by PrePaid Cellular Solutions, Inc. to their retail customer
> network.
>
> "Gross sales are projected to exceed $1,500,000 per month within the first
> 120 days of the project ramp-up,'' stated Mr. Chris Beck,President of
> Cordless Power Corporation.
>
> MARGINS ARE IN EXPECTED TO BE 33% (conservative).
> Revenues expected to begin Aug 99.
>
> Yearly Expected Net Income is $6,000,000.
> Forecasted earnings for this profit centre is
> $0.07/share based on 85,000,000 s/o.
>
> Profit centre #3: Pack Shacks--Battery Kiost
> A PR REGARDING THIS PROFIT CENTRE IS EXPECTED 2-3 weeks.
>
> Pack shacks are fully inventoried, kiost that are equipted with a computer
> that accepts payment. The kiosts will be
> fully inventoried with cellualr, laptop, "AAA/AA/A type batteries.
>
> DRGI is able to obtain its line of batteries at factory direct prices.
>
> Kiost sell for $30,000 each with 33% (10,000) profit margin. There are
> several distributors already lined up.
> 100 kiosts sales over 12 months is a very conservative target!!!
>
> Net earnings expected to be $10,000,000/year.
> Earning per share expected to be approximately
> $.12/share based on 85,000,000 o/s.
>
> Profit Centre #4: HIV tester.
> DRGI owns the patent and this revolutionary testing device.
>
> Retails $2/tester. DRGI cost is $0.50/tester.
> Qunitiles Transnations (QTRN), a $5 billion dollar company,
> is currently negotiating with DRGI to potentially buy-out
> this profit centre from DRGI. This makes sense since DRGI
> does not have the pharmaseuticals resources or competentcies to market
> themselves. Financing for the aquisition of this HIV tester and patent is
to
> be
> through DRGI issuing restricted shares to the selling company (not
disclosed
> yet). This is why I
> use 85,000,000 s/o in my calculations. Shares will be
> resticted from trading for 1-2 years.
>
> Other information:
> Form 10 to become a fully reporting company has been
> filed with the FCC already. The FCC had questions and
> asked for explaination. DRGI recently re-submitted
> with clarifications!!! DRGI is way ahead of schedule and
> will be a fully reporting company anytime now.
>
> Several Institutional investors including
> HM Myerson, Payne Weber, Charles Swabb, and Corporate Securites Group
among
> many more were in touch with
> DRGI today!
>
> ALL THIS IS ON TOP OF DRGI's CURRENT REVENUE STREAM GENERATING SIGNIFICANT
> EARNINGS.
> DRGI's current and past revenues from Data One whos name was recently
changed
> to DRGI. Data One sold microchips with
> revenue in excess of $50,000,000 during 1998. Moreover, DRGI also has a
> steady revenue stream from it's battery sales division. 1998 audited net
> >
> Future Profit Centres: DRGI is currently is reviewing other potential
> aquisitions of which details are limited at this time.
>
> Over next 2-4 weeks, several HUGE PR's expected.
>
> Presently, DEBT-FREE, profitable with several millions in cash in the
bank.
>
> Will be a fully reporting company any day now.
>
> Stong Management team committed to building a solid company
> and shareholder value.
>
> |
