DRDF.OB

[john b mcginnis]

Shipman I'm with you.  I gave you an applaud for your assessment above. I'm no expert, but I think this will go higher. I believe the pull back was typical on a large one day gain as we had on wednesday. I might be dreaming, but I still plan on holding for .03 to .05.

[john b mcginnis]

DRDF is picking up some steam, up 26%

[shipman]

Thanks JB,
     Did you take a look at the  weekly?  Looks as if we are still ground floor.
Should be an interesting ride. Holding tight for now.

[john b mcginnis]

One thing I've been learning from traders like EliteG, volume, volume and more volume! Well, we've had volume for 3 days. Let's hope traders pick up on it this week-end. Next week might be VERY exciting!

[gri64]

DRDF on fire today! ... very weak fire 

http://biz.yahoo.com/prnews/060523/latu045.html?.v=59

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.

After previous report was a huge rally...

http://biz.yahoo.com/prnews/060222/law034.html?.v=40

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

[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

[Lucas Scott]

Wow 1 for 200 that is quite a reverse. I was thinking 1 for 10 would be appropriate. I think a big RS like 1 for 200 would produce a big run in stock price. A market cap of $4M for a company that has earned $5.4M through 3 quarters is ridiculous. Trading at a sub-penny level there are many who won't take these results seriously. Trading at $1 after the split and more people will be interested. And with under 5M shares outstanding the stock would be low float.

I traded a stock called RCO back in Dec 04 that did a big reverse split and, a few days after the split, the stock took off and quintipled in under a week. And RCO was a POS - a financial disaster.

[gri64]

Hi Lucas,
Thank you for your answer. So you think, that it will not be a huge dilution?
They will receive a lot of new shares to sell:
Available for future sale                 22,824,067               995,114,120


moreover, they writes, that "...Company is contractually obligated to issue approximately 2.8 billion shares of Common Stock, wich exceeds the amount of shares of Common Stock the Company is currently authorized to issue..."

[Lucas Scott]

moreover, they writes, that "...Company is contractually obligated to issue approximately 2.8 billion shares of Common Stock, wich exceeds the amount of shares of Common Stock the Company is currently authorized to issue..."

Contractually obligated to issue that many shares? That does not sound good. Not good at all.

[kslifka]

Watch this one.  Ascending triangle breakout on above average volume.