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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 22)

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Author Topic: DDSI 10Q out... revenues increase by 40.9 %
JIF
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$2 dollars a share, and I'll buy an island.

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

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JIF
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That can't be right. That would mean I would have 62 million dollars. Hahahaah. No way. That must be after the 500 for 1 R/S

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JIF
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ok - I crunched the numbers - that equates to $124,000 after the R/S. That's still fine with me!

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Max Shrap
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Do they have a history of diluting after a R/S or do they plan on going legit?
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KaiserSose
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Max sharp,

I think they never did a R/S in the past ...

JIF,

offcourse after the split ...

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gatorhistory
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Did someone say they are putting together a PR about the results? If so, anyone know when?
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Max Shrap
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I think this looks like a stock that could be helped by a R/S, if they don't dilute and go "legit."
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Soylent Green
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Why wouldn't a company that is fully reporting to the SEC quarterly, take this opportunity to jump to the OTCBB after the RS?
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JIF
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Absolutely. These guys are the most legit company I've seen on the pinkies. And I totally believe that they have every intention of making this thing right.

And yes - the CEO said they were working on a big PR. He told me in an email last week (see the post on page 17/18). We're all just waiting for it now.

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Soylent Green
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I understand that a RS is usualkly a killer for for most pinks, but I don't see that in this case. I really think that based on this company's quiet history of growth and reporting, they will make this work for the shareholders.
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JIF
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I just emailed the CEO about the pr:

Tony,

We’re still digesting the 10Q. Any status update about the PR would be helpful. Thanks!

Respectfully

xxx

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JIF
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Any word about the PR? Can anyone find it online?

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unix555
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I think DDSI is going to R/S.
I just open my account (Scottrade), my value is $ 0. What is going on ?

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paulbest
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Not sure, but here's the yahoo chart
http://finance.yahoo.com/q/bc?s=DDSI.PK&t=5d

Not sure if anyone mentioned it, yahoo shows this co has 9 BILLION shars out.
My rule is never touch any co with more than 1B shares. Just a general rule which I may break on very rare occasion. As in a few hour bull run. But never for more than a few hours do I hold it.
jmho

I prefer stocks under 500M

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Phlem Pickens
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quote:
Originally posted by unix555:
I think DDSI is going to R/S.
I just open my account (Scottrade), my value is $ 0. What is going on ?

If the symbol has a # in it that would be my guess.
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MoneyMoneyMoney
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SWEET, you guys are learning to read!!!!!!

Thats been the word on the streets for weeks now, LOL...

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I buy fast and sell faster!

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KaiserSose
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Just had an email conversation with the CFO Michael, he told me he went to Asia to set up a distributor there and to negotiate some lower pricing on the products DDSI/CGM has produced there.
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JIF
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That's great news. Has anybody heard anything about the PR? Where the heck is it?

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paulbest
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The last time this stock shows a trade was on Nov 22.
Good luck.

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KaiserSose
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Digital Descriptor Systems, Inc. Announces 3rd Quarter '06 Results
Tuesday November 28, 10:00 am ET
Revenues Increase to $1,262,585, up 59% from Q3 '05


SEA GIRT, N.J., Nov. 28 /PRNewswire-FirstCall/ -- Digital Descriptor Systems, Inc. (Pink Sheets: DDSI - News) -- an industry leader in the development of Homeland Security and other commercial security related products -- announced results for the period ending September 30, 2006. Revenues for the nine-month period grew 59 percent, to $3,404,896, versus the nine-month period ending September 20, 2005 revenues of $2,143,310. Gross profit over the period rose $1,130,853, to $2,485,978, up 84 percent, compared to $1,355,125 during the same nine months of 2005.
ADVERTISEMENT


"We continue to improve the vigor of our company," says Anthony Shupin, CEO of DDSI. "Our year to date earnings before interest, taxes, depreciation and amortization for the nine months of 2006 are $408,023 versus a negative $235,543 in 2005, an increase of 116 percent. Our immediate focus continues to be on increasing revenue, while controlling expenses and improving operations. The company intends to continue to execute its plan to increase operational efficiencies, refine and develop new products and expand sales and distribution channels to meet market demand.

DDSI CFO Michael Pellegrino adds: "We continue to enjoy the benefits of careful control of our costs. Operating income (Income prior to Interest, Depreciation, Amortization and Taxes) increased 273 percent, up $643,566 for the same period in '05. Net loss for the period and year-to-date increased 145 percent and 45 percent to $963,073 and $1,298,166 respectively mainly due to changes in accounting methodology for the debt of the company.

About Digital Descriptor Systems, Inc.

The company, based in Sea Girt, NJ, develops and markets integrated enterprise-wide image applications specifically designed for criminal justice organizations. Customers include states, cities, counties, corrections, justice, and public safety agencies. Additional information is available online, at www.ddsi-cpc.com.

Its subsidiary, CGM Applied Security Technologies, Inc., based in Somerset, NJ, is a leading manufacturer and distributor of Homeland Security products, including indicative and barrier security seals, security tapes and related packaging security systems, protective security products for palletized cargo, physical security systems for tractors, trailers and containers, as well as a number of highly specialized authentication products. Additional information is available online, at www.cgmsecuritysolutions.com.

Safe Harbor Statement:

Safe Harbor Statement Under the Private Securities Litigation Act of 1995 - With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of the Company could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rate and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors associated with our Company, review our SEC filings.


--------------------------------------------------------------------------------
Source: Digital Descriptor Systems, Inc.

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unix555
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scammer! .0001 x .0000
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KaiserSose
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quote:
Originally posted by unix555:
scammer! .0001 x .0000

I think you made your point ... move on and FYI it's 0.0000(b) * 0.0001(a)
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Peterx
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great news [Smile] (results).... but.... 0,0000!!!

TERRIBLE!

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Barrharbor
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[Smile] This is really great news! Just read several of Unix555 past posts, most have the same negative tone along with some name calling. Anyway, this stock is obviously going in the right direction just waiting for the pps to do the same.
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unix555
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Yes! It is right direstion and It is going .0000 and R/S
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RJD2000
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I love the new bashers that have shown up. Seven no votes strong and growing I wish more people would vote. I have seen the same people on a few different threads. They show up and post useless gibberish and expect us to think they are so wonderful for showing us the light of day. I wouldn't mind informative comments even if they are negative. We all read the PR’s and know what is happening. Why bother to post and repost childish gibberish. It serves no purpose to the good people who are trying to do there own DD and help others.
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KaiserSose
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(bid) 0.0001 (2)

(ask) 0.0002 (12)
(ask) 0.0003 (3)
(ask) 0.0004 (2)

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RJD2000
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I would love to see them do a stock buy back instead of a reverse split.
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JIF
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I agree - I think it's amazing that bashers hit the post right after DDSI releases this excellent PR. I just don't get it. Why do they attempt to bash a company that is clearly doing extremely well?

I wonder what they DO put their money into.

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dalton05
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Agree - would like to see a buy back because they are making a profit.As for the bashers they are doing this because they lost money and are just angry.If we just let them vent and not reply sometimes they just go away and if they don't go away they are crying out for a breast to snuggle up to.
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RJD2000
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LOL, that's good Dalton05!!
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CapitalGains
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Hi, I am new to the board. I have been watching for a few weeks and am wondering why has this stock been so low if they are doing good things?

I was thinking about buying some shares but some people are saying no and others saying yes.

I did see the news report and thought it was great. What gives?

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RJD2000
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This is a long term buy. It’s not a flipper. The type of business they do (homeland security) does not allow them to make new contracts public. Therefore, the PPS has remained stable at the .0001 range. We mostly get quarterly financials as a way to gauge the company’s success. The company has also stated that they may or will be do and R/S of 500 to 1.
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CapitalGains
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R/S is a reverse split? I am not so familiar with the terms. Why are some people saying that is bad? The stock will not have so many shares then so the price will go up, right? Thats why I was considering buying and because of the news.
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RJD2000
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If you buy a million shares at .0001 you will spend $100. Now if they do the Reverse split at 500 to 1 you will have 2000 shares at .05 cents PPS or still $100. If the PPS goes down you will lose money. If the PPS goes up you will make money but, not as much because you will only have 2000 shares and not the 1,000,000 shares that you originally purchased.

I haven't sold any since I bought back in April or May. I think its a good company. Its not a scam they post financial every quarter with the SEC.

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