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DRYD, the little shell that could, is about to become a real, revenue producing, profit making company with enormous future potential. Rumors have it that DRYD, this week, will lock up the deal for a reverse merger of Vista, a video streaming Internet company with clients that include Microsoft, Arthur Andersen, Price Waterhouse, New York Life and IBM, to name just a few. In addition to producing training and sales videos for corporate clients, Vista has developed streaming video technology for web customers and markets it to business web sites. www.vistapvg.com/webpage/index.htm DRYD shares have been trading between 20 and 24 cents lately, numbers which, in a very short time, will seem ludicrous. This is one of the most under valued stocks we've seen. Projected Vista revenues: Close to half a million in 1999 2 million in 2000 8 million in 2001 18 million in 2002 27 million in 2003 Following the Vista deal there will be announcements of other companies that will roll up into DRYD. Trying to gauge the value of DRYD stock, post merger, you'd have to consider it's a business to business Internet success in this hot market environment. 60x next year's profit (1 million) gives us a 60 million market cap, for the Vista portion of the company alone. The numbers are staggering. And this is based on Vista revenues alone. Compare that to a public company called Intervu (ITVU). Although it is believed Vista product is superior, last year ITVU had $3million in revenues with a 7 million loss and a 1.5 billion dollar market cap. On Dec. 31, 1999 ITVU was priced at $105, up from around $8 last January. This is the sector and financial arena into which Vista will bring DRYD shareholders. Outstanding shares: 54.3 million Float: 26.7 million, held tightly by ?long hands? When you own DRYD stock it will be like owning, for pennies, the IPO of an aggressive, profit-making, upstart video streaming company with tremendous future growth potential. MM?s are rumored to be in a huge short position. So much so, that the buying pressure from this news will send DRYD shooting upwards. Accumulation numbers: www.ragingbull.com/mboard/boards.cgi?board=DRYD&read=6870 Lee Matzig, DRYD CEO, is about to finalize the first of four lucrative deals that will turn this shell into a veritable public company spin-off machine. Other companies rumored to soon be rolled into DRYD: A cell phone radiation protection company that already has a national market. A second video Internet company. A restaurant chain with 40 locations and plans to double that in 2000! As you can see, the Vista deal is just the beginning. Long time DRYD shareholders have faithfully watched this company work diligently to make this happen. Now they will be richly rewarded. I'm sure they wouldn't mind if the rest of us came along for the ride. Remember the success of INVT and YNOT? Well in my opinion once all four acquisitions are completed, DRYD will be more profitable then both of them. Let's hope DRYD's stock follows the same pattern. ************************* LONG: 40,000 (latest today at .225 and .235) remember we gave this out back at .027 | ||||||||||||
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