It’s been more than a year since anyone attempted to pump the penny stock of Dragon Polymers Inc. (DRAG), but that all changes this morning. Alerts were issued over the weekend calling for DRAG stock to be the “breakout big-league pick” of Mister’s affiliate sites: Fox and JoePennyStocks. Although their website is down and the float has more than doubled since the groups threw it up on the boards back in December, 2012, expecting to see the biggest volume session in over a year is a likely case while gains could be as thin as a piece if nylon.
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DRAG Stock Quote
Market Cap: 417.01K
Friday Close: 0.0033 ▲ +0.0014 (+73.68%)
Dollar Volume: $1,541
Issued and Outstanding: 126,367,314
14-Day Rel Strength: 63.85%
1st Resistance Point: 0.0037
1st Support Level: 0.0026
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Dragon Polymers has not been an active participant in the public relations department which is pretty much why their stock trading activity has been such a DRAG for investors since they got involved with it. The last big trading session cam back at the start of the year when the Company stated ow hard it is to go dumpster diving for old carpet which they use to make their usable polymer.
The landfill searching during the course of fiscal 2013 was slightly advantageous for Dragon Polymers as they reported cash on hand of $24,543, revenues worth $66,500 for the year ended November 30, 2013 which produced a gross profit was 26,500. Unfortunately, operating expenses, $179,734, ate up that enormous gross profit produced, mainly due to rent, accrued salaries and car expenses, however the silver lining for those still holding DRAG bags was that there was $74,125 worth of inventory as of November 30, 2013.
The alerts issued by FoxPennyStocks and JoePenyStocks state that DRAG is a low float with a market cap of just $417,000 and you can go check with OTCMarkets to verify this. Well, OTCMarkets has DRAG‘s float listed as 74,111,418, but the EOY report filed by Daniel Solomita, President and CEO of Dragon Polymers, states there is 102,785,873 free trading shares.
Within their annual statement, Dragon Polymers states that the Company has begun testing of new technologies to recycle Polyester, Polypropylene, Nylon 66 and Nylon 6 from carpet waste. The over 5 Billion pounds of carpets sent to landfills every year could provide for huge potential of increased revenues even though landfill sites have long been a worldwide problem and are continuing to be closed.
However you say it, potato, potato, it’s all irrelevant in the big scope of things what the float is or what revenue potential is from expanding their landfill search. DRAG stock is sure to gap to levels it hasn’t seen since 2012 and perform accordingly to how their last attempt to pump DRAG went.
About DRAG Stock
Dragon Polymers Inc. is a development stage company, f/k/a Blue Gold Beverages, Inc. (BGBV), which specializes in the reclamation of discarded plastic waste and transforms that waste into a usable polymer.
Last 5 Trading Sessions:
DRAG is a sub penny stock best avoided by the novice crowds. Only real traders who have a black-belt in kicking the crap out of diluting market makers by timing their buys and sells accordingly should be playing in DRAG today.
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