DRGI (Diversified Resources Group) Message Board

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Microcap & Penny Stocks : DRGI (Diversified Resources Group)

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To: LANCE B who wrote (538)	7/31/1999 2:10:00 AM
From: Jim B	of 818

Another must read!!!! Subject: The DRGI RollerCoaster Date: 31 Jul 1999 05:45:56 -0000 From: "Pettycash Stock Picks" To: List Member Pettycash Stock Picks - First of all let me tell you that currently I have no position in DRGI... I have bought in at .09 out at .12, in again at .18 out at .16.. So I have basically broke even.. But I will be looking for a good entry point on Monday morning... And after reading this, I beleive you'll understand why I am getting back in... I had numerous conversations with several people concerning DRGI on Friday. I asked Mr. Carl Smith, Sr exactly what his intentions were concerning the posting of the Audited statements on the website and the release of the pr on Friday afternoon. He stated that his intentions were to "make absolutely sure there were no mis-understandings of the source of the large EPS" and that "given everything that would be released on DRGI in the coming weeks he did not want anyone to be able to question the intregrity of management." If you would like some clarification of the Cpa firm flap and a general understanding of "income from debt restructering", click here ragingbull.com I have a source that is outside of management and has proven he knows what is going on with the company. From discussions with him today here is a brief summary of what to expect from DRGI in the coming weeks: -Monday morning at or before the opening bell the company will release a pr stating the company has signed a contract with a NC LLC to purchase 607 acres of land in the Research Triangle area of Raleigh NC. The purchase will be closed in December of 1999, due to the original purchase by the LLC that called for them to hold the prop for one full year. The company will develop the property and sale parcels for a Golf Course, Hotel, residentail areas, etc... The parcel sales will be ongoing for the next 5 years and will net the company 5 mill a year. -The company has committments from several big name developers and they will release pr's as the final deals are signed for the land sales. -The letter of intent that was released early in this week has been finalized and should be made public in the coming days.. -They are in negiotions for more contracts with the battery division. One in particular is a very large deal and could be finalized as early as next week. The company is, through the land deal, basically guaranteed 5 mill in cash flow a year it was stated to me that with in the next two weeks we would know what they planned to use the cash for!!!! Congradulations to those of you that had the foresight and the kohounos to hold on to your shares during this very turbelent trading day!! For the rest of us, Monday will provide another opportunity to get back in.. Let's hope it doesn't gap in the am on Monday and we can still get in at this great level..... God Bless, Good Luck and as always Good Trading... pettycash To join the email list and get update on DRGI and other great undervalued companies go to: pettycash.listbot.com

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