One that I have place on watch.
Could be set up for a reversal.Inverted hammer.
************************************************************
Dalrada Financial Corp
9449 Balboa Avenue
Suite 211
San Diego, CA 92123
Phone: 858-277-5300
Fax: 858-613-1311
Web Site: http://www.itec.net
DETAILS
Index Membership: N/A
Sector: Technology
Industry: Printed Circuit Boards
Employees (last reported count): 68
BUSINESS SUMMARY
Dalrada Financial Corporation, through its subsidiaries, offers various professional services related to human resources to small and medium sized businesses. It provides financial and personnel management services, including benefits and payroll administration, health and workers' compensation insurance programs, personnel records management, employer liability management, and temporary staffing services. The company, through its patented product PhotoMotion, develops and mounts photographic and digital images for use in display advertising for tradeshows, building interiors, and other point of sale locations. Its ColorBlind software is used for color management between various devices in a network, such as monitors and printers. The company, formerly known as Imaging Technologies Corporation, was founded in 1982. Dalrada Financial is headquartered in San Diego, California.
Press Release Source: Dalrada Financial Corp.
Dalrada Financial Corporation Expands Office Space in Recognition of Increased Growth
Monday August 1, 5:00 am ET
SAN DIEGO, Aug. 1 /PRNewswire-FirstCall/ -- Dalrada Financial Corporation (OTC Bulletin Board: DRDF - News), which provides a variety of financial services to small and medium-sized businesses, today announced it is increasing its office size to 5,000 square feet at 9449 Balboa Avenue, San Diego, to meet the Company's needs for growth, including adding more employees.
"We are adding a new suite, which increases our ability to grow the Company. This will be accomplished by mid-August with minimal impact on the business," said Brian Bonar, Dalrada Chairman and CEO.
Dalrada Financial:
Dalrada Financial Corporation is headquartered in San Diego, California, and provides a number of professional services related to human resources for businesses.
Dalrada provides a variety of innovative financial services to businesses, including comprehensive human resource administration and employee benefits such as health insurance, HSA savings plans, and 401(k) plans. Dalrada also offers debit card payroll accounts and payroll advances. These services enable small employers to offer benefits and services to their employees that are generally available only to large companies.
Information on the Company is available at http://www.dalrada.com.
A number of Dalrada's subsidiaries, including SourceOne Group(TM), a professional employer organization, provide a variety of personnel and human resources services to small to medium-sized businesses. Further information can be obtained at http://www.sourceonegroupinc.com .
SAFE HARBOR:
Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.
CONTACT:
Brian Bonar, CEO
Dalrada Financial Corp.
9449 Balboa Avenue
San Diego, CA 92123
(858) 277-5300
[email protected] Paul Knopick
E & E Communications
(949) 707-5365
[email protected]--------------------------------------------------------------------------------
Source: Dalrada Financial Corp.
Nice find setravis...it does look ready to go back up.
I will keep a watch on it as well.
thanks very much,
julia
May be coming into play...
Nice volume today....and a good % gain.
Press Release Source: Dalrada Financial Corporation
The Solvis Group Enters Into Strategic Alliance Agreement With SSL
Wednesday September 28, 11:15 am ET
- New Agreement Expected to Provide $25 Million in Additional Revenues in 90 Days -
ANAHEIM, Calif., Sept. 28 /PRNewswire-FirstCall/ -- The Solvis Group Inc. (OTC: SLVG - News; http://www.thesolvisgroup.com), a subsidiary of Dalrada Financial Corporation (OTC Bulletin Board: DRDF - News), today announced that it has entered into a strategic alliance agreement with Strategic Staff Leasing, Inc. (SSL) headquartered in Arlington, Texas.
The agreement calls for SSL to refer a minimum of $25 million in business to The Solvis Group within the next 90 days. The alliance has already generated more than $7.5 million in new business, on an annualized basis.
Working through its own sales force and its broker network, Strategic Staff Leasing, and its affiliated companies, provides contract staffing and insurance services to client companies throughout the United States. Chris Polk, Managing Partner of SSL, said that "we are very pleased to have the opportunity to complement our service offerings with the administrative services, risk management and workers compensation insurance available through the Solvis Group."
Brian Bonar, CEO of the Solvis Group said, "As previously announced, we anticipated fifty million dollars in revenues for the next fiscal year in conjunction with our Strategic Alliance program. We are pleased to confirm that we will not only meet this run rate, but now anticipate that our sales results will be significantly higher."
Mr. Bonar also stressed that "Solvis will continue to work on our Strategic Alliance program in order to leverage our sales and marketing relationships with brokers and agents throughout the United States with the objective of providing additional revenues in the next fiscal year. We are also moving forward with the work associated to complete the auditing our financial results for the past few years, thereby allowing us to return to trading on the NASD Electronic Bulletin Board. Once completed, shareholders can expect regular reports on our financial results and other developments as The Solvis Group continues to grow," Mr. Bonar added.
About The Solvis Group:
The Solvis Group, a subsidiary of Dalrada Financial Corporation (DRDF.OB), includes a number of operating units, including M&M Nursing Services, CallCenterHR(TM), and Jackson Staffing. The Company provides a variety of innovative financial services to businesses, including comprehensive human resource administration including payroll and workers compensation insurance; and employee benefits such as health insurance, supplemental insurance, HSA savings plans, 125 cafeteria plans, and 401(k) plans. The Company also offers debit card payroll accounts and payroll advances. These services enable small employers to offer benefits and services to their employees that are generally available only to large companies.
The Company also includes an imaging products and services unit, Imaging Tech, Inc., which provides a variety of innovating products and services associated with graphics, photography, and color management. Its technologies include ColorBlind® software and PhotoMotion Images(TM). For more information visit The Solvis Group websites at: www.thesolvisgroup.com, www.mandmnursing.com, www.colorvisuals.com, and www.color.com .
Safe Harbor:
Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.
CONTACT:
Brian Bonar, CEO
The Solvis Group Inc.
9449 Balboa Avenue
San Diego, CA 92123
(858) 277-5300
[email protected] Paul Knopick
E & E Communications
949/707-5365
[email protected]--------------------------------------------------------------------------------
Source: Dalrada Financial Corporation
Up and moving today.
+75.86%.......Volume @ 162,226,199
APPLAUD! nice SET! :o So did you manage to get a piece?
Quote from: eliteG on October 14, 2005, 12:37:54 PM
APPLAUD! nice SET! :o So did you manage to get a piece?
Good morning EliteG ! Thanks. Just got back to my little compound here,out taking care of other things.Ready to watch the market now.
I have been holding so long ,I think it's got mold on it! ;D
Did you get in this? Make some $$$ Wizard... ;)
well your little mold is a big portabello mushroom! I'm just managing today. The buying starts Monday or Tuesday next week for me. ;)
The Solvis Group Relocates to Michigan
Oct 17, 2005 5:00:00 AM
ANAHEIM, Calif. and SOUTHFIELD, Mich., Oct. 17 /PRNewswire-FirstCall/ -- The Solvis Group (OTC: SLVG), which provides staffing and human resources support services to small and medium-size businesses throughout the U.S., today announced that it has relocated its office to newer and larger facilities in Southfield, Michigan. The Solvis Group (www.thesolvisgroup.com) is a subsidiary of Dalrada Financial Corporation (OTC Bulletin Board: DRDF).
"The expansion is essential because The Solvis Group's business sectors are expanding," said Brian Bonar, CEO. "Over the past 12 months, Solvis' operations have seen a significant growth in revenues and that growth is expected to continue."
The new Michigan office will serve as operational headquarters for all of The Solvis Group companies including CallCenterHR(TM), M&M Nursing Services, Pro Health Home Care and Master Staffing Inc. "We are especially pleased by the growth of M&M Nursing Services, the medical staffing division, which provides nurses to local hospitals throughout Michigan. The field is one of the fastest growing in the nation due to the severe shortage of nurses and medical staff."
"We are looking at additional, promising acquisitions over the next 12 months to further bolster the diverse and profitable company we have built at The Solvis Group," Mr. Bonar said. The Company's new address is 17250 Southfield Road, Second Floor, Southfield, Mich. The phone number is 248/559-6610
Nice movement here! ;D
+41.67%.......Volume @ 20,170324.....zoom zoom
News is good..lets see what effect it has on the pps :)...news came out after hours yesterday.
2005-12-14 16:26:10
The Solvis Group Announces $10.6 Million in Revenues in Fourth Quarter Ended Sept. 30, 2005
ANAHEIM, Calif., Dec. 14 /PRNewswire-FirstCall/ -- The Solvis Group, Inc.,
(OTC: SLVG), a subsidiary of Dalrada Financial Corporation
(OTC Bulletin Board: DRDF), contributed revenues of $10.6 million on Dalrada's
consolidated financial statements for the fourth quarter ended
September 30, 2005. The Solvis Group contributed approximately $22.6 million
in revenues for the fiscal year.
Additionally, The Solvis Group said it continues to work on audits of its
prior periods in order to achieve re-listing of its common stock on the
Over-the-Counter Bulletin Board.
"In this period prior to resumption of filing our quarterly and annual
results to shareholders on Forms 10-QSB and 10-KSB, we will continue to
provide shareholders updated information as it becomes available," said Brian
Bonar, CEO.
"We are very pleased to report that our revenues continue to grow as our
staffing business progresses," Mr. Bonar added.
About The Solvis Group:
The Solvis Group (OTC: SLVG), a subsidiary of Dalrada Financial
Corporation (OTC Bulletin Board: DRDF), includes a number of operating units,
including M&M Nursing Services, CallCenterHR(TM), and Master Staffing. The
Company provides a variety of innovative financial services to businesses,
including comprehensive human resource administration including payroll and
workers compensation insurance; and employee benefits such as health
insurance, supplemental insurance, HSA savings plans, 125 cafeteria plans, and
401(k) plans. The Company also offers debit card payroll accounts and payroll
advances. These services enable small employers to offer benefits and
services to their employees that are generally available only to large
companies.
The Company also includes an imaging products and services unit, Imaging
Tech, Inc., which provides a variety of innovating products and services
associated with graphics, photography, and color management. Its technologies
include ColorBlind(R) software and PhotoMotion Images(TM). For more
information visit The Solvis Group websites at: www.thesolvisgroup.com,
www.mandmnursing.com, www.colorvisuals.com, and www.color.com.
About Dalrada Financial Corp.
Dalrada Financial Corporation (OTC Bulletin Board: DRDF) was founded in
1982. Headquartered in San Diego, California, the Company provides a variety
of professional services related to human resources to businesses. In
addition to its temporary staffing business, Dalrada provides a variety of
innovative financial services to businesses, including comprehensive human
resource administration and employee benefits such as health insurance, HSA
savings plans, and 401(k) plans. Dalrada also offers debit card payroll
accounts and payroll advances. These services enable small employers to offer
benefits and services to their employees that are generally available only to
large companies. Information on the Company is available at the Dalrada
Financial Web site at dalrada.com. A number of Dalrada's subsidiaries,
including SourceOne Group(TM), a professional employer organizations that
provide a variety of personnel and human resources services to small to
medium-sized businesses. Further information can be obtained on the following
internet site: sourceonegroupinc.com.
Good news , but the damn thing is just glued there.
Hey nice pick settravis, DRDF is like IFLBE though we need some VOLUME!!! DRDF has about 750 mil o/s so we need this thing to get some exposure to rise that pps. GL ;D
And does anybody know why it seams glued ??? ??? ??? ??? ??? ???
Amarens
needs big volume
these guys ever going to r/s?
News on Feb 22 had finally made this stock go for a very nice run. The next day there was a 29% pullback...today up 22% from that pullback.
I bought in at .0085...was wondering if some TA experts (Setravis ;D) and any others who would like to give their take on the future outcome of this stocks pps would be much appreciated. Not sure if i should just be patient and hold on to my position to see a possible further rise or just take a loss. I know that the float is pretty low and as i have heard it is very undervalued...this was once a 3sf penny pick by David.
Also, the 8-k was released today...perhaps that is why the pps rose some today.
http://www.pinksheets.com/quote/filings.jsp?symbol=DRDF (http://www.pinksheets.com/quote/filings.jsp?symbol=DRDF)
Thanks very much,
Julia
Dalrada Financial Reports Second Quarter Results
Wednesday February 22, 9:20 am ET
- $17.8 Million Revenues; $3.3 Million Net Profit -
SAN DIEGO, Feb. 22 /PRNewswire-FirstCall/ -- Dalrada Financial Corporation (OTC Bulletin Board: DRDF - News) today announced its financial results for the second quarter ended December 31, 2005. The Company reported revenues of $17.8 million for the quarter, a 263 percent increase over the prior year period. Net income for the second quarter was $3.3 million.
ADVERTISEMENT
For the six-month period ended December 31, 2005, Dalrada reported revenues of $29.9 million compared to $9.4 million in the prior year period. Net income for the six month period was $3.1 million.
"We are especially pleased with these results as they are indicative of the direction we set for the Company two years ago," said Brian Bonar, CEO. "Our balance sheet continues to improve and our business prospects are positive moving forward," he added.
Dalrada provides employer business solutions to small and medium-size businesses. Its customers outsource many administrative tasks associated with human resources management to Dalrada. Services include payroll processing, workers' compensation insurance, employee benefits (including 401k and health insurance plans), and business risk management (including general and professional liability insurance), and staffing services.
Dalrada provides these services through its subsidiary companies and operating groups, which include: SourceOne Group, Heritage Staffing, The Solvis Group, M&M Nursing, MedicalHR, and CallCenterHR. Its Solvis subsidiary also operates ImageTech, Inc., whose proprietary products include ColorBlind® software and PhotoMotion(TM), a patented color medium of multi-image transparencies.
About Dalrada Financial Corporation:
Dalrada Financial Corporation provides employer business solutions to small to medium-size businesses. The Company assists clients in providing a wide variety of management and employee programs that increase business efficiency. These include: payroll and human resources support, staffing, employee benefits, risk management insurance (including workers' compensation and business liability), financial management, and other business management products and services.
Information on the Dalrada family of companies is available at: www.dalrada.com, www.thesolvisgroup.com, www.mandmnursing.com, www.colorvisuals.com, and www.color.com.
Hey Lucas Scott :)...i know ur in this too...do u have any thoughts on this? Bought this on the recent run up...not sure if i should just sell and cut my losses here...or do u think this could have a possible turn around soon?
Any thoughts appreciated....technical assessments also would be much appreciated. ;D
thanks very much
glta
julia
Hi Julia - I am long from .0081, so I'm quite a bit underwater, but I'm not concerned about it. I have a GTC order to double my position at .0051 should it hit there. A bullish pennant has formed on the chart, which is a positive sign technically. If the price falls below the bottom of the pennant, then it becomes a flag formation, which would still be bullish. But all TA jibberish aside, the fundamentals tell me to hold. They just had a great quarter. It doesn't look like a one time thing as they've shown top-line growth going back to '03. I'm impressed by the improved gross margin percentage in their last quarter. If they can maintain a 20% margin, DRDF should be a 10-bagger eventually. I'm willing to wait for it to happen. My stop loss is 50% (I would sell at .004).
Whether you hold or not depends on your capital situation. I am in a position where holding DRDF has little impact on my ability to buy other stocks. I think the next run for DRDF could begin in a day or could take up to 2 months, and I have no problem holding this for a couple months.
As David Randolph would say "I will continue to hold <stock name> no matter what." (of course a lot of times he'll then sell the stock a few weeks later LOL).
Hey Lucas, thanks for the TA and your imput ;D When i see the pps continually dropping (i bought at .0085, stop laughing) it always freaks me out, especially when it drops a significant amount. So, u made me feel better at least, I will hold as well then..as i often sell in panic(then get all depressed and go sulk iin a corner and scarf down an entire cake),then the next day the thing takes off...Not, going to happen this time! Good idea...maybe I will avg. down too...why not...i'll buy the whole dang company...its a lower floater/market cap. i hear...so how much could it be really? ;)
Great...so, i will just copy you if you don't mind. You seem to do well.....like ur style...you got good TA (technical ability) :D
Quote from: Lucas Scott on February 27, 2006, 11:31:26 PM
As David Randolph would say "I will continue to hold <stock name> no matter what." (of course a lot of times he'll then sell the stock a few weeks later LOL).
You're so funny, you remind me of one of my brothers...exact same mischievous, wicked sense of humour,..such an instigator....I bet you were a little devil as a kid... it's ok...so was I. ;D
thanks a bunch LuketheNuke...cause ur always dropping little ignited comments everywhere...lol ;D ;D ;D ;D ;)
julia ;)
It went as low as .0052 today, but they wouldn't let it drop .0001 more so I could double up on my position :( The hammer candle could be a reversal and the stock may start moving back up now. We'll find out soon.
Good to hear Lucas...i was waiting for it to drop further too to add a little. Although, everytime i see it drop I turn green...I just wish DRDF would too :D
gl to us ;D
julia
I'm on board with DRDF.ob. Bought in this morning at $.059, although NITE and UBSS were reluctant to fill my limit orders at $.006 (above ask). Appears solid at the 10 day moving average.
I bought 400,000 shares of DRDF when David recommend it at about $.0036 pps. I decided to sell today at $.0051 pps because I read the 8-K filed on 2/24/06 describes a convertible note transaction with the potential for significant dilution.
According to the 8-K:
"On February 13, 2006, Dalrada Financial Corporation issued convertible notes to various investors in exchange for Gross proceeds of $5,000,000, with $4,384,800 of net proceeds going to the Company. $1,757,902 of the net proceeds were used directly to pay debt settlements.
"The convertible notes mature in two years, at a 15% per annum interest rate and call for monthly interest payments with the principal due on maturity. If Dalrada defaults on the interest payments, the investors will have the right to convert the notes into common shares at a seventy-five percent (75%) discount to market price. In addition, warrants for 1,352,000,000 shares of common stock with an exercise price of $.005 were issued to the investors as part of the funding. These warrants expire in seven years and have a cashless exercise provision."
Here is a link to the filing:
http://www.sec.gov/Archives/edgar/data/725394/000126606806000032/0001266068-06-000032-index.htm
Because there are so many warrants exercisable at $.005, that exercise price could be a ceiling on the PPS for the near term. If the price exceeds $.005, the warrant holders may just sell the warrants and bank the profit while holding onto the convertible notes.
Ok,
Nice post on the 8k. 5 million bucks at 15% per year= 750,000 dollars a year or 62,500 a month. 1.5 million in total interest. Total 6.5 million for the notes and interest. If you calculate the number of shares sold since the 02/13 date they are approximately 350 million shares, if you average them at .005 that equals 1.75 million dollars. That takes care of the interest plus a quarter million left over.
So how many more shares of the some 800 million float would have to trade at .005 to offset the other 4.75 million dollars (included was the interest) answer= 950 million shares. Well if you average that out over the next 24 months you get some 39.6 million shares a month they have to sell at .005 to take care of the notes.
Let's say they can keep up their earnings with no growth (I suspect there will be growth) for the next 2 years. 3 million a quarter, and they applied those profits to bringing down the liabilities (currently 30 million), you would have a company just about to be debt free when these notes come due.
This doesn't appear to be that rosey....but, the company could grow. And, I suspect that they wouldn't be leveraging out unless something was in the pipeline and they need some more cushion for expanding business. So all it would take is one or two new big accounts to come on board to boost their revenues, validated the leverage, boost the share price, cut the above figures in half, and overall justify the notes and the recent spike in share value. And at the end of the term, No dilution.
Anyway--this is all speculation and I am not a CPA. Just some conjecture on why the chart looks like it does, and a possible scenario that may be underlying. Good luck to everyone, FYI, I'm holding out for the next PR.
.005 just might be a floor not a lid, then again I've been wrong before
Do Your DD
Ship
My GTC order of .0051 finally got filled today. My average price is now .0066. The pennant has become a flag. That's ok I like flag formations better than pennants. Full steam ahead!
Ship, you said...
"Let's say they can keep up their earnings with no growth (I suspect there will be growth) for the next 2 years. 3 million a quarter, and they applied those profits to bringing down the liabilities (currently 30 million), you would have a company just about to be debt free when these notes come due."
The problem is that the $3M/Q was not from continuing operations. Base on the 10-Q, it looks like most of the profit came from restructuring of debt...only about $0.5M was from new business. Take a look at http://www.sec.gov/Archives/edgar/data/725394/000101968706000428/dalrada_10qsb-123105.txt
Stock,
I looked. You're right .5 mill from operations. Still, doesn't mean that there isn't something brewing. I'm watching very carefully. My comments were more or less just thinking out loud, not a genuine analysis. Thanks for your eagle eye. Not too rosey. Let me give you your first Applaud. I love criticism.
I'm still holding with 0.007. I see we have a new support at $0.0045.
Do someone know any news? What happened today? ???
Thanks for any TA and any thoughts.
By the way, is there anybody also as me long in DRDF?
I'm not an expert, but I think if we can break and hold above .007, we would be on firm ground. We need volume increasing and sustainable. And, some good news wouldn't hurt.
I'm holding 300,000 shares. Bought @ .0036 and .0044. I'd like to hold out for .03 to .05.
I plan to hold for awhile.
Still long and still holding strong. I have other positions that I'm more concerned about. DRDF is like DanRDuFf in my portfolio. Not pretty to look at, but harmless.
http://stockcharts.com/h-sc/ui?s=DRDF&p=D&yr=0&mn=3&dy=0&id=p06002450866
seems like might be a good place to jump in... volume increasing, rsi strengthening, macd crossover, cmf about to go green, 5ma will cross above 20ma tomorrow. if breaks resistance at .0045 then only weak resistance again at .005 and its open. id like to get in somewhere near the 20ma and sell for a quick 20-25% gain as long as volume keeps increasing.
;D
Press Release Source: Dalrada Financial Corporation
Dalrada Financial Reports Third Quarter Results
Tuesday May 23, 8:00 am ET
9-Month Revenues Jump 340% to $48.8 Million
$2.3 Million Net Income for Quarter; $5.4 Million Year-to-Date
SAN DIEGO, May 23 /PRNewswire-FirstCall/ -- Dalrada Financial Corporation (OTC Bulletin Board: DRDF - News) today announced its financial results for the third quarter ended March 31, 2006. The Company reported revenues of $18.9 million for the quarter, a 347 percent increase over the prior year period. Net income for the third quarter was $2.3 million.
ADVERTISEMENT
For the nine-month period ended December 31, 2005, Dalrada reported revenues of $48.8 million compared to $14.3 million in the prior year period. Net income for the nine month period was $5.4 million.
"We continue to improve our revenues and profits as part of the business plan we began two years ago," said Brian Bonar, CEO. "Our growth reflects an increase in our client employee head count from 1,000 to approximately 8,000 over the last year allowing us to leverage the growing number of employee benefit offerings," he added.
Dalrada provides employer business solutions to small and medium-size businesses. Its customers outsource many administrative tasks associated with human resources management to Dalrada. Services include payroll processing, workers' compensation insurance, employee benefits (including 401k and health insurance plans), and business risk management (including general and professional liability insurance), and staffing services.
Dalrada provides these services through its subsidiary companies and operating groups, which include: SourceOne Group, Heritage Staffing, The Solvis Group, M&M Nursing, MedicalHR, and CallCenterHR. Its Solvis subsidiary also operates ImageTech, Inc., whose proprietary products include ColorBlind® software and PhotoMotion(TM), a patented color medium of multi-image transparencies.
About Dalrada Financial Corporation:
Dalrada Financial Corporation provides employer business solutions to small to medium-size businesses. The Company assists clients in providing a wide variety of management and employee programs that increase business efficiency. These include: payroll and human resources support, staffing, employee benefits, risk management insurance (including workers' compensation and business liability), financial management, and other business management products and services.
Information on the Dalrada family of companies is available at: www.dalrada.com, www.medicalhr.com, www.thesolvisgroup.com, www.mandmnursing.com, and www.color.com.
Safe Harbor:
Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.
CONTACT: Eric Gaer, VP Investor Relations
858-277-5300
[email protected]
I think this time this will go above 1 cent ::)
(http://www.advfn.com/p.php?pid=staticchart&s=NB%5EDRDF&p=8&t=17&dm=0&vol=0&cb=1148392288)
I've received notice from DRDF and I'd like to ask an experts:
"Reverse split - how it will affect the stock price?" ???
IMHO it's a huge dilution... and may be it's a reason of a weak rally that we see today.
Here is a approximate quotation from DRDF notice:
...Annual meeting of Stockholders will be held on May 25, 2006 at 9:00 am.
The Board plans to perform Reverse Split of the common stock in an exchange ratio of 1 New Share for each 200 Old Shares....
Number of Shares Prior to Reverse Split After 1-for-200
Reverse Split
Common Stock Authorized 1,000,000,000 1,000,000,000
Common Stock Outstanding 977,175,933 4,885,880
Available for future sale 22,824,067 995,114,120