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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Jim B who wrote (5765)	7/30/1999 9:12:00 PM
From: Ga Bard	Read Replies (1) \| Respond to of 150070

You are exactly correct about the honest scenario ... DRGI stated net income which is cash on hand. They did NOT state from revenues but of course they did not state from bankruptcy either. But I think where the public lost trust was in the line of the original press release. The company uses the McGladrey network, the world's 6th largest accounting firm. only to be corrected two days later The McGladrey Network should not be confused with McGladrey & Pullen, the world's 6th largest accounting firm. The Company's auditors, Jones, Jensen & Co. are members of the McGladrey Network. So I can see why people began selling ... I have heard that a reverse split may be in the reorgainzation also. Has one one checked up on that? That would kill a few also. Remember it is the little things like defaulting on patents, coming out of bankruptcy, mistating certain things like accountants, sudden reverse splits etc. etc. This why I do not hestitate to dig as deep as I can on a stock I am about to make a long like ORXX. Too many shares on DRGI to go long on anyway. ORXX today made a correction today on a PR they made just last night. But it was nothing serious, just who did what and buying came in. ALso silica is the key which most think of this stock as just gold. Whereas DRGI sort of twisted the truth in their press release about the accountant. And somehow conveniently omitted the bankruptcy in the new release of reorganization. Now I understand things happen in business but those two items should have been know when the original releases were made. I do not know what DRGI will do Monday and maybe it will run. I personally will not buy back in because of the reasons I have stated. I hate convenient true. Just put it out the way it is and let the shareholders not get hit with surprises. DRGI will be fine once they move forward with the business and I will watch for that. But as you can see from this one and it only has 1.6M in the free trading float it is trading dang near that everyday and has been growing for a week now. SO just take that thought with the amount of shares in DRGI ... Someone can have a field day on that one. That is why I am asking the major shareholders of ORXX to fax their certs without their names on them. If they do not as far as I am concerned those shares are in the free trading float. I am getting more and more diligent with my DD. Today with my persistent questions and wanting proof of what is what and verifications ORXX now has a full scenario on the stock structure and leanred a few things. However, they were correct in the 1.6M in the free trading float as per the DTC and all I have done is verify the 1.6M plus discovered by asking for certs that one major investor did make a deposit and the company would not have known about it until they saw it on the DTC/ADP. If that stock is in a brokerage account it can be shorted against. Now this is a point that impresses me... they are getting the reports because they care about this decline and why it is happening. They do not need to change domain, or cusips or any such tactics because they never work. They only thing they can do is get on with the business and put out the truth ... the stock will take care of itself. Going to eat a chic-filet and watch 9MM. Hope us all well. GB