| Business Summary | | Drummond
Financial
Corporation
operates
in
the
financial
services
business
internationally,
engaging
primarily
in
merchant
banking
activities.
The
Company's
merchant
banking
activities
include
seeking
controlling
interests
in
businesses
or
assets
which
it
believes
are
undervalued.
The
Company
was
previously
engaged
in
asset-based
commercial
lending,
which
primarily
involved
the
administration
and
realization
of
an
existing
loan
portfolio
comprised
of
loans
to
emerging
companies. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Drummond
Financial
Corp.
operates
in
the
financial
services
business
internationally,
engaging
primarily
in
merchant
banking
activities.
For
the
nine
months
ended
3/31/01,
revenues
decreased
70%
to
$784
thousand.
Net
loss
applicable
to
Common
totalled
$1.1
million,
vs.
an
income
of
$351
thousand.
Results
suffered
from
decreased
interest
and
loan
fee
income
and
a
$205
thousand
loss
on
sales
of
securities
vs.
an
income
for
the
comparable
period. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Michael Smith, 52 | Pres,
CEO, Chief Financial Officer, Director and Sec. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|