Agreed. Additionally, the financials show that they have positive cash flow from operations for the six months ended June 30 2014. Why is this important? Because when OTC companies are not cash flow positive, they usually make up for the cash flow deficit by taking on toxic funding, via convertible notes. And as we know, when those notes convert into common shares (almost always at a deep discount to market price of the common shares), the downward pressure on the stock is tremendous.
Cash flow positive companies can sustain operations without dependence upon toxic lenders. When an OTC company is not dependent upon toxic lenders, it provides an environment in which a share price may flourish, particularly in the OTC world.
As always, simply my opinion.
Quote:
Most OTC stocks cant say they are debt free. This is a big thing for DKGR. Also company is current.
DKGR
$DKGR LAND OF OPPORTUNITY $$
DKGR Stock Message Board http://investorshangout.com/Drake-Gold-Resources-DKGR-60747/
Agreed! Let's wait and see. Most OTC stocks cant say they are debt free. This is a big thing for DKGR. Also company is current. I am in at .0002. Worst off this will go nowhere and I will sell at the bid .0002 minus my trading fee of 9.95. I am.willing to give this a few weeks and see what happens. I think though this is the beginning for DKGR imo. Many penny stocks just need momentum. It could come at anytime now that we are entering fall. Sticks always pick up at this time if the year. I am not going to be left behind on the next run up.
I called and left a message ,I politely asked if we can get a market wire PR so everyone will no know how well the company is doing.
I/R email address ==> drakegoldresourcesinc@gmail.com Let's find out when news is dropping, or at least ask...
GO $DKGR!!!!
lol have a great nite DKGR players let's see what tomorrow brings!
this will be a slow grind north ,no pump and dump here
not any more it isnt
I'm in at .0001. Not my money....
the guy that now has your money
Look at them come EOD lol
GO $DKGR!!!!
agree - played like a fiddle
Who's pete.
Go ahead Pete, take the .0001s out. Plenty of folks who are willing to donate to your cause!
Pete is actually improving at his BS game. Clay could make a stock run, but Pete is pretty decent at rounding up folks to buy his DKGR garbage at any price.
Just a matter of time until he takes out his next round of .0001s
2ssss hitting
DKGR has trapped a new round of suckers. How many times do folks want to lose their cash on this share peddling scam????
2's falling big time now!
I Agree. Took Small Starter here. We will see I Guess.