My Two Cents
Think it is a good thing that Marc returned. Seemed like the Dragon was acting like a ship without a rudder after he left. His forte is clearly persuasion and he seems real good at convincing people to invest in his enterprises. I've never spoken to him and don't know him so I'm not real sure what to think. I'd also be real interested to learn how many of his own personal dollars he has invested in the Dragon. How exactly did he end up with 17 million shares? He is clearly crippled at the moment having lost a tremendous amount of credibility through his actions documented in the 10Q. Whether he is a crook or is earnestly trying to build shareholder value is the million dollar question. His actions speculating SDRG funds in the financial markets was just plain stupid and brings his judgment and intentions into question. Otherwise, it would seem like he is a real sharp cookie. The strategies and objectives outlined in the June 2 news release are right on target. The question I have is whether he is serious and plans to execute that strategy or is he just saying what needs to be said to sucker in the next investor.
Time will tell but he would really do himself a favor if he addressed the credibility issue. The best way to do that would be to demonstrate that he is fore square behind building shareholder equity and increasing the share price. He could do that in any number of ways. How would investors react if he voluntarily took a substantial portion of his future compensation in long term warrants with strikes at a buck or more per share that were similarly valued (i.e. $1 salary = 1 warrant share priced at a buck per ? Would help the current cash flow picture and show investors that he genuinely believes these properties are the real McCoy. On a net basis - he'd likely benefit handsomely. I'm sure this wouldn't happen in a million years but it sure would send a clear message to future investors that he means business about executing his strategy and increasing shareholder equity. At 20 cents per - his shares aren't worth much at since if ever unloaded he'd be lucky to net 5 to 10 cents each - if that. This stock is likely to linger where it is or even go lower if he doesn't do something concrete to address this issue since investors just don't have good reasons to trust his intentions.
To his credit - he hasn't sold an appreciable number of shares and something does seem to be going on behind the scenes since some entity does still seem to be accumulating shares at these prices. I fully agree with BK that he really needed to stick to his original plan. Inconsistency and a wavering strategy breeds distrust.
Hope something starts moving this puppy up - but I really don't like to be in a position where hope seems to be all that is left. That position typically doesn't lead to a happy place ....
Good luck to all ... and may Marc be blessed with the wisdom and integrity to do what is best to resurrect this phoenix ...