Just posted on RB
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ragingbull.com
*******DD***********
Just had a 45 minute in depth discusion with Carl Smith.
Several MAJOR NEWS releases to come steadily over next few
weeks!!!
Finacials: The earnings are real.
The company is presently DEBT-FREE, Profitable, has
millions in the bank as cash!!!
By Mid August 1999, FD share expected to be 85,000,000 after close
of real-estate property aquisition and aquisition of Prepaid Cellular
Solution.
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 earning were .17/share.
Future Profit Centres: DRGI is currently is reviewing other potential
aquisitions of which details are limited at this time.
In Conclusion:
DRGI appears to be tremedously undervalued at current levels
(.18)even after the big run-up today.
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.
I hope this DD helps. Call 941-923-1949 to do your own DD
and recomfirm any of the above.
ragingbull.com
DD CORECTION:
Share will be issued to complete the real estate deal and for the HIV
tester and patent. Sorry folks. After both deals close, 85,000,000
shares fully diluted. |
