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Microcap & Penny Stocks : DRGI (Diversified Resources Group)
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To: richard lionhearted who wrote (580)8/1/1999 12:46:00 PM
From: Jim B  Read Replies (1) of 818
 
REGARDING NEWS:

News comes out when they send it to the wires
and when the wire service gets around to it...

if they have news and fax it to say BusinessWire first thing monday morning.. it can take a few hours or longer to get it out.. I've seen them even take a whole day..
We have heard news is coming soon.. CEO has said that he has some info to share with us.. we just dont know what and I'd rather save some funds to buy when it comes out then to put all my cash in and then when news does hit, I not have anymore cash to buy depending on what the news is.

So dont ANYONE plan on news monday before the bell.. right now this stock is a bounce play... back to 20cents..

if news comes out.. then we're back on track to seeing this stock at 30cents and beyong (depending on what kind of revenues we have) at 85million shares out as I figured all last week... just to be high .. i figured company worth 60 to 90cents/share... but that was on ongoing revenues.. so based on potential alone I'll say 20 to 30 cents/share until they can lock up revenues in which case we'll need to re valuate the EPS.. if no contract news for a month or so... then it'll be likely time to move on.. i know many will want to see the proof sometime next week or they'll move on.. so let's hope the company is good to it's word... so far, they didn't lie about having to use shares to sell to us so they could make some deals.. and they put out the audit for us all to see when they didn't have to.

jim
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