DRDF.OB***Sector: Technology***Industry: Computer Peripherals

[Lucas Scott]

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.

[godspeed06]

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.

[waxweazle]

 

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.

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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]

[waxweazle]

I think this time this will go above 1 cent 

[gri64]

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