Message from the new CEO; Symbol change; Shareholders' meeting.
Subj: Dominican Cigar Corporation
Date: 97-08-28 08:40:01 EDT
From: DPlat59629
Ringer5396 You may think this is funny but this is my life my friend. I have over $500,000 and two years of my life invested in this project. My home phone number is 561-852-6143 and yes my son may answer the phone!!! Our office number is 561-482-9113 and is answered by a service. Our U.S. staff consists of only 10 people who are all out in the field making money. I'm a doer not a talker, and I'm not taking this business lightly. I have empathy for all who invested in TMC, but this is not TMC. I wasn't around then and had nothing to do with your decision. Put on a seatbelt my friend because you're going on the ride of your life!!!!
Subj: Dominican Cigar Company
Date: 97-08-28 09:28:03 EDT
From: DPlat59629
Shareholders Meeting October 3,1997 New York City, N.Y. (details to follow). Will provide Financials, Projections, Signed Contract, Marketing Strategies, Cigar Samples and a hell of alot more.
Don Platten.
Subj: Re:Dominican Cigar Company
Date: 97-08-28 11:04:00 EDT
From: SteelerPt
Booking my tickets as we speak-Float is not a concern, as PD indicated, reverse split will take care of that issue. I would think they'll shoot for around 5-8 million based on other cigar holdings. Show me the money.
Subj: Re:Dominican Cigar Company
Date: 97-08-28 12:22:35 EDT
From: Peter Ike
Mr. Platten,
One question. Why did you do the deal with TMC, aka the Powerphone people, rather than somebody else? That is the single biggest misgiving I have.
Subj: Re:Dominican Cigar Company
Date: 97-08-28 14:00:49 EDT
From: BayStock
<We will see some good buying with some strong revenues and profits. Again, the company claims we will see evidence of that soon. >
>>Obviously strong revenues and profits are the key. We've all heard these claims before. Since this is still the same company this is still all talk only until proven otherwise.
<< They have the ability to make a lot of product>>
I don't think I would call 70K in revenues per month an adequate
demonstration of that ability. From what I am hearing, reserves of aged tobacco are key. Dominican Cigar has 18 months of reserves at the current low production rate. If they double their production rate they would run out of reserves in 9 months.
BayStock
Subj: Re:Dominican Cigar Corporati
Date: 97-08-28 16:39:40 EDT
From: UWCMAN
$500,000 invested in this company???? Wow, for your sake I sure hope it rebounds. At what price did you get in? I hope it was low, but then again if it was 2 years ago, it had to be a pretty penny. I still think this company is heading nowhere. They have yet to make any deals that bring in revenue. Everything is talk. And talk is cheap. Anyway, I happen to really enjoy Dominican cigars, but I would need to smoke several million to get these guys making any money. If you really have that kind of money invested, I think you should make periodic trips to see these guys in person, because you may get further by being right in front of them. good luck
Subj: Re:Dominican Cigar Company
Date: 97-08-28 17:33:52 EDT
From: Snowball07
Thank you BayStock. I really don't care if you say good or bad things about me as long as you spell my correctly and mention my name in reverence and with great respect, awe, humility, etc.
The good doctor Reyes had some 9+ million shares, representing 52% of the outstanding shares. With the dissolution of the merger, the 9+ million shares reverted back into the company treasury, reducing the total number of shares outstanding by 9+ million.
Getting info third & fourth hand, I assume the cigar company acquisition was signed for less than a third of the TMC acquisition attempt.
The virtues of the cigar company are their tangible present tense revenues (75G) and their present tense profits (33G). Their present tobacco reserves sufficient for 3,000,000 cigars over the next 18 months calculates to 166,666 cigars monthly without adding any additional reserves during the 18 months.
Revenues for the sale of 166,666 cigars, hand made and all that, should be a minimum of $400,000 monthly, with a profit of almost $200,000 monthly. ($2.4 million annualized.) This, of course, would represent a four fold increase in their sales. With their Adolfo license agreement, it becomes plausable.
Even reasonable. Speaking to the quasi insiders, they laugh at these figuses as being unrealisticaly low. Never mind their snikering, any company approximating $2.5 million is worthy of attention.
Subj: Re:Dominican Cigar Company
Date: 97-08-28 18:21:41 EDT
From: E clips111
Reserves for cigars doesn't equal sales. bausch and Lomb has the reserves to make 2 Billion pairs of sunglasses a year but it doesn't.
1 question....why is this cigar company working with Pwerphone? Why aren't they just selling their "valuable reserves". Why do they need
TACN.....anyone?
If the cigar market is so hot and their product is so good...why do they need Powerphone....? I'll be happy to pony up for some stock if someone can answer this simple question.
Many thanks
Subj: DCGR
Date: 97-08-28 23:26:46 EDT
From: DavesLexus
There was a merger between TMC ( Reyes) and Powerphone sometime ago. The merger was dissolved, because TMC never delivered on what it projected they would accomplish. All the references to urea, meat and bananas are mute points. It is a new ballgame!
The company is now The Dominican Cigar Company, and I believe the name will change to that very quickly. Maybe, even tomorrow, but do not hold me to it.
There will be a new stock symbol which will be DCGR. We are in cigars and nothing but cigars!
There will be a stockholders meeting, which was posted as October 3rd, but I think that may have been mistaken, because there is a Jewish Holiday then. I think the meeting will be October 10th, but it has not been made official yet.
What I like about this, is that it is a real company making revenues in a very "hot" business.
They have a great product and great marketing. Also, as was just posted they have a lot of reserve materials to make a lot of cigars. It is more than reasonable that they can sell this product fairly easily. The cigar imports will double in 97 over 96 to nearly 600 million.
By the way, all of Reyes's shares have been cancelled, so those are not going to end up on the street. This company is now poised to move up. The price is low and the outlook very good...at least to me. If you look at other cigar company's this is a real value.
I have over the past 3 months been buying this stock, and at these prices it has allowed me to get my average down pretty well. I am going to continue to do that, and I for one am very happy this company changed directions.
I am planning on attending the stockholders meeting, and from everything I am hearing, the stockholders will be pleased with the business plan which will be outlined.
Hope that helps you get up to date on where we are with this now. Good ( and profitable) investing.
daveslexus
Subj: Re: Dominican Cigar Corp.
Date: 97-08-29 01:50:15 EDT
From: Snowball07
Thank you BayStock for your continued respect and adulation. I am indeed honored that you direct sophisticated questions to me. Obviously, I don't have all the answers. But here's my best:
The reason any company wishes to go public is simply that it gives the
company an opportunity to raise capital for expanded growth and provides the capital investors a corporate exit door, which, by definition, does not exist in a private structure. Powerphone is attractive merger target because it is an actively traded stock with a wide investor base, and, it is even the subject of vibrant discussions on the internet.
With current monthly revenue of 75G and growing, and with monthly profit of 33G and growing, the cigar company brings revenues and profits into the equation, which, sadly, was absent in the previous settings. Let's face it, revenues are the life-blood of a business. Without revenues, you're dead.
The profits are the fruits of the labor, rewarding the risk taken.
All that plus the intensity of excitement in today's cigar marketplace just might make this a true winner. Just about every magazine has featured front pages to the cigar prolifiration. Every better neighborhood now has cigar boutiques, cigar salons, cigar clubs, cigar resturaunts, etc., etc. And it seems that the higher the price tag on the cigar, the more interest and attention it generates.
Without having been into this stock that long, I fail to see any comparison to empty meat plants, non-materializing urea deals, banana boats that never arrive, or lumber yards that are here yesterday and gone today. A good cigar that I could go and buy at the corner newstand, especially in today's cigar excitement, is the overwhelmingly preferable choice. |
