DRGI (Diversified Resources Group) Message Board

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Microcap & Penny Stocks : DRGI (Diversified Resources Group)

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To: Jim B who wrote (592)	8/1/1999 2:55:00 PM
From: Michael Graham	Read Replies (1) of 818

"Presently, DEBT-FREE, profitable with several millions in cash in the bank." Debt-Free? Total Liabilities = $485,134. That's debt. Profitable? The Loss Before Reorganization Items is -$689,227. See Note 4: "The Company has incurred losses from its inception through December 1998." Millions In Cash In The Bank? Total Assets = $42,576. Why doesn't the several million in CASH show as an asset. If you have cash it's an asset. They actually only have $2,475 in cash according to the financial statements. "DRGI is a fully reporting company now." Where is the companies Form 10 and or 10KSB and 10QSB's? Having one year audited does NOT make a company fully reporting. They have to file with the SEC and have all their information reviewed. Mike

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