Spammed Stock: DRGG
Here’s a stock spam I received today for DRGG - Dragon International (OTCBB):
Subject:Stox in Play
Sto.ck News Alert After the Close
Dragon International
Sym bol: D R G G.
Q2 Rev’s at $4.869 Mil lion, Improve 75% Year over Year, Expects to Continue
Acquisition Strategy.
Price: .1899
Has D R G G Bottomed? Go Look at The Chart Right Now!..And How Will this News Impact the Stock Monday?
Breaking News:
Press Release Source: Dragon International Group Corp.
Dragon International Group Corp. Posts 2nd Fiscal Quarter
Friday February 10, 4:54 pm ET
Revenues Increase 75% Over Same Period for Fiscal 2005
FORT LAUDERDALE, FL and NINGBO, CHINA–(MARKET WIRE)–Feb 10, 2006
–
Dragon International Group Corp. (OTC BB:DRGG.OB - News), one of China’s leading manufacturers and distributors of specialty paper products and packaging materials, filed results for its second fiscal quarter ended December 31, 2005.
The Company recorded revenues of $4.869 million for the three month period ended December 31, 2005, a 75% increase over the similar period in 2005, when it generated revenues of $2.773 million. Income from operation increased to approximately $372,271, compared to a loss of $13,301 reported for the same period in fiscal year 2005. The Company recorded comprehensive income of $118,626 after a one-time, non-cash charge of $294,356 related to debt financing as compared to a loss of $42,043 for the same period in fiscal year 2005. The Company attributes its improved results to the assimilation of new acquisitions undertaken during 2005 and its attempt to curtail costs by consolidating operations of certain subsidiaries. For more details about Dragon’s financial performance, please review the Form 10-QSB filed with the United States Securities and Exchange Commission.
Chairman and CEO David Wu stated: “We are pleased with our financial performance for the second quarter. Our goal for 2006 is to continue to increase revenues and control expenses, thereby improving profitability and strengthening our balance sheet. We also expect to continue our acquisition strategy.”
Watch This One Trade Monday…
Here’s the 1 month chart on DRGG.OB on the OTCBB exchange: