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» Allstocks.com's Bulletin Board » Micro Penny Stocks, Penny Stocks $0.10 & Under » DDSI 10Q out... revenues increase by 40.9 % (Page 21)

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Author Topic: DDSI 10Q out... revenues increase by 40.9 %
MoneyMoneyMoney
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whats the big deal, LOL. Stock can't go much lower.

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JIF
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Anybody know if we're going to see the 10q today?

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FARIMI
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I don't think so, they always fill late, maybe till Monday.
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BuckyBarnes
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10QSB filed this PM.
.
.
.
http://www.sec.gov/Archives/edgar/data/927454/000114420406048050/0001144204-06-0 48050-index.htm

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FARIMI
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Well, I think that is it. We are f*#%*#$%*g doooooomm! After 5 f$%^%g years trusting in this pair of pinches pelones.
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chevon2020
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I wish they would have announced the r/s after the 10Q so I could have gotten out of this mess!

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I'd just like to retire at 26.

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Squire38
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quote:
Originally posted by FARIMI:
Well, I think that is it. We are f*#%*#$%*g doooooomm! After 5 f$%^%g years trusting in this pair of pinches pelones.

When we had that little Q&A session with the CEO, he basically said he didn't care about the shareholders. After sitting throw the Q&A, he said whatever was best for the company about a possible R/S. Time to bail was back then.

Hopefully you guys get a small pop after the R/S.

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10of13
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[Eek!] Really?

quote:
Originally posted by MoneyMoneyMoney:
whats the big deal, LOL. Stock can't go much lower.



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#1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!

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JIF
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I don't know guys. They just asked for stock. Why would they do that unless the thought it would be worth something?

Also, how will you feel about the company if the 10q reflects another record quarter of growth?

Personally, I'll be pretty happy about it.

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KaiserSose
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What to make of this: (will pps go up to 2 USD ???)

Effective November 13, 2006, Digital Descriptor Systems, Inc. (the "Company") granted to each of Anthony Shupin, its President and Chief Executive Officer and Michael Pellegrino, its Chief Financial Officer, 10,000 shares of newly created Series A Preferred Stock ("A Preferred") as recognition for services.

The shares vest in five equal monthly installments commencing November 1, 2007. Each share of A Preferred is convertible into 240,000 shares of common stock of the Company starting three years from the date of issuance, provided that the closing bid price of the Company's common stock is then $2.00 per share. The shares of A Preferred may be voted with the Company's common stock on an as converted basis on any matters that the common stock is entitled to vote on as a class.

Unconverted shares of A Preferred will automatically cease to exist, and all rights associated therewith will be terminated upon the earlier of (i) that person's termination of employment with the Company for any reason, or (ii) five years from the date of issuance.

link: http://biz.yahoo.com/e/061115/ddsi.pk8-k.html

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KaiserSose
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Note 13 - Going Concern

The accompanying condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America, which contemplates continuation of the Company as a going concern. The Company has sustained operating losses and has accumulated large deficits for the Nine Months ended September 30, 2006 and 2005. These factors raise substantial doubt about its ability to continue as a going concern.

Management has formulated and is in the process of implementing its business plan intended to develop steady revenues and income, as well as reducing expenses in the areas of operations. This plan includes the following management objectives:

· Soliciting new customers in the U.S.
· Expanding sales in the international market
· Expanding sales through E-commerce
· Adding new distributor both in the U.S and internationally
· The introduction of new products into the market
· Seeking out possible merger candidates


Presently, the Company cannot ascertain the eventual success of management’s plan with any degree of certainty. The accompanying consolidated financial statements do not include any adjustments that might result from the eventual outcome of the risks and uncertainties described above.

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KaiserSose
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IMO with the preferred stock thing and the fact they each have 2.4 billion shares, there could be a buy out on the horizon ...
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MoneyMoneyMoney
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quote:
Originally posted by 10of13:
[Eek!] Really?

quote:
Originally posted by MoneyMoneyMoney:
whats the big deal, LOL. Stock can't go much lower.


Nope, not from .0002. Of course unless it R/S's as its supposed to but I don't think anyone is putting their cash into this POS anymore.

Plus I get to ***** cause I'm gonna lose 4thousand on this.....

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gumzsa
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I sold my 1,250,000 today at .0001.I figured I better get $125.00 back instead of nothing. It'll probably go up now.
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MoneyMoneyMoney
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You might as well subtract those brokerage fees too and get a little less back.....

I hope it does go up. If it don't I'll have a nice little loss to subtact from my huge gains this year. Damn I love not having to work [Wink] !

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gumzsa
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I use choicetrade so brokerage fees are only $5.00. I am trying to get to that point of not having to work but no matter how much research I do my stocks seem to go down as soon as I buy them. My portfolio is down about 60% but I guess all it takes is to hit 1 or 2 big ones to change it all around. Oh well maybe someday. I held on to DDSI since last spring and it hasn't really done much so I said screw it and sold what I had.
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RJD2000
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If I sold I would get less then $18.00 back. LOL. I'm going to leave it alone and if I lose the rest oh well. There must be greener pastures elsewhere.
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JIF
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Any word about the 10q? I guess we'll see it Monday maybe?

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JIF
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I just emailed the CEO:

Tony,

Any word on the 10q? We’re holding our breath here.

Hope all is well for you.

XXX

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JIF
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Guys!!!!!!!

I just got good news~!

see CEO email below:

Dear xxx,
The 10 Q went out Wednesday morning...

Working on the PR now...but it should be available on the SEC site.

Thanks,
Tony

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JIF
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Has anybody read my last post! Come on!

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KaiserSose
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yeah JIF I did
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FARIMI
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Sooo!! What is the big deal now? why so much excitment! is the R/S been not approved or what? is the only thing I would be excited!
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JIF
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Well, isn't that good news?

And, they just paid themselves in stock. What could this mean?

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JIF
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Guys, I'm getting pretty excited about the 10Q - here's why:

They reported on time. They were eager to get it out.
They paid themselves in stock right before releasing the news
They are putting out a big PR about the 10q. That's a new tactic. They wouldn't do that imho if it was a bad 10q.

This could be huge imho

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KaiserSose
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JIF,

How are they gonna make a big PR about the 10Q ?
You have read the 10Q ... there is nothing in it that's significant.

Hope I'm wrong and that I missed something

However I agree for the other things; the fact they paid themselves in stock ... and the preferred shares thingy ... they cannot convert below 2 USD (If I've read it right)

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JIF
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Did you read the 10q? Put it on the board.

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You can't afford to risk, what you can't afford to loose.

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Squire38
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The 10-QSB was out on the 15th.
10-QSB

O/S as of 10/31/06 = 9.57 Billion
O/S on 5/10/06 = 7.87 Billion

Increase of 1.7 Billions Shares.

Net loss increase by $2.2 million

They do have $50,000 more cash though. Maybe from the sale of 1.7 Billion shares.

I am a former share holder. I do feel bad for those that are in though. Review the filings, look for the DEF 14A and look at item #3. "3. To approve an amendment to the Company's Articles of Incorporation, as amended, to effect a one for five hundred reverse stock split;".

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JIF
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Profit for this year doubled from last year. That's huge.

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You can't afford to risk, what you can't afford to loose.

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Squire38
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quote:
Originally posted by JIF:
Profit for this year doubled from last year. That's huge.

Gross profit doubled, true.

Net loss was 1.3 million dollars more than last year. That's huge, in the wrong direction though.

I do hope it pops so you guys can get out before the R/S. Damn pinksheets.

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Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes.

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Max Shrap
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When does the R/S happen?
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KaiserSose
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I got filled at 0.0001 for 10 million shares

last time I checked there was a restriction (beginning of this week) so I believe they are not restricted anymore ... so that's a good thing

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JIF
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you bought more at .0001? Is that right? Or you sold?

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KaiserSose
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bought
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KaiserSose
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Got some answers from Michael ...

1. Tony and I were rewarded preferred shares which are convertible into common shares only if our share price reaches $2.00 a share

2. As for our belief as to where the share price will be in two years, we would love for it to be $2.00 but we can't predict what it will be though we will both be trying our hardest to get the company to that point for the good of all shareholders.

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