posted
I need some more opinions on this stock in the last 52 weeks its made it up to $15 bucks right now its at rock bottom i think it has potential to get back up but why arent others seeing this give opions plz.
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posted
I'll say no because they have an a/s of 200 billion, they just diluted 2 billion into the market through an S-8 and they had a 1 for 1000 reverse late last year. I'll guarantee you that those 200 billion are finding their way into the markets too. Read their filings, you'll see how they're doing it. As far as I know, their a/s is rivaled only by CMKX with 700+ billion. At one time this might have been a decent company but now it appears to be nothing more than a dilution machine.
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Click on "Search for Company Filings", then click on "Companies and Other Filers". Type in the name of the company, not the symbol, and it will take you to a listing of all of their filings.
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posted
I can say it was because of huge loses that started them to issue mass dilution then r/s then mass dilution. I am talking massive. Loser company for sure. Heres a brief summary timeline from edgars.
April 2004
ABILITY TO CONTINUE AS A GOING CONCERN
DFRC's ability to continue as a going concern is in doubt. As DFRC has incurred a loss from its operations during the calendar year 2003 and has had losses in prior years as well. DFRC will need to substantially decrease its operating expenses, increase its operating income, and raise significant additional capital. There is no assurance that DFRC will be able to accomplish all or any of these items. In the event that these events do not take place DFRC will in all probability not be able to continue as a going concern in calendar year 2004.
May 21 2004 had 123 million o/s DFRC Aug 18 2004 had 1.1 billion o/s Sep 7 2004 had 4.7 billion o/s
Sep 7th 1:1000 r/s changed name from DFRC to DFLR Also a 10 billion A/S and a increase in no# of preferred shares
Nov. 22 2004 had 45.5 million o/s Dec 8th 2004 had 1.3 billion o/s (a billion shares in one month - wow)
Dec 17th 2004 50 million shares was issued in restricted shares to be give to Equitilink, LLC,
Jan 7th 2005 2 billion shares aurthorized to be sold in common shares this is on top of already issued shares.
This I think puts it at 3.8 billion shares in o/s with 50 million restricted. Remember board has majority voting right from issued preferred staock and not holding common shares.
-------------------- Invest with your brain not with your heart.
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posted
If we learn from history we surely won't repeat the same mistakes...I for one am not going to drop another cent into this. I still own a measely 100,000 just out of contempt and 'just in case.' If one of Cortez's hidden mines is found on the DFLR property then I'm sure my shares will be worth millions 'someday' lol **Don't let my past equal your future though...drop as much $$$ as you can afford to lose
posted
The point was there statement that they were losing money and didn't think they could make money. Then all of a sudden they started dilution. Did a reverse split and moved all management shares to preferred so they could sell all available common shares without worry of voting rights then started massive dilution again. CAN WE ALL SAY AFRT. Once they see they can make money from dilution and r/s then its all over. No need to sell a product or waste money on employees. Printing shares are cheap and produce results.
Ric
-------------------- Invest with your brain not with your heart.
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posted
Go to yahoo finance and enter symbol. If they have SEC filings you will see a tab on the left hand side. Click there. You can also go to www.sec.gov and do a search.
Also, I use quotetracker at quotetracker.com. I can organize my stocks I own and doing research on. add a symbol in a second and right click for charting, research (yahoo), raw data, and if you have level II it will import that too all in one place. Its a program you download to computer. Tons of easy resources for doing dd on a stock.
quote:Originally posted by dap123: hmm i have 1 million shares i might buy out tommorow and invest in hrdi also where tou find where a companies filings?
[ March 22, 2005, 01:30: Message edited by: Ric ]
-------------------- Invest with your brain not with your heart.
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posted
Pinks are a little different then otcbb in the fact that most at this range have a high o/s. I would still stay away from any with over 10 billion. But if they are high because they are raising capital to better there company and not just to keep it afloat then they may be money made. But at some point in the future if they are a good company and want to go to the next level (otcbb or bigboards) they will have to do a r/s but thats when a r/s is good. The only time a r/s is good is if its to become reporting. But over all pinks are for buying low and selling high on a run. Not good to hold a pink long in most cases. But thats what dd is for.
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