I'm new to this forum....hope I really am getting this note through to the very few users that I see on a repetitive basis.
Interestingly, there are a number of street rumors, perhaps unfounded, about this company. However, all we investors need to pay attention to what's being said out there, for our own protection.
It may be that anyone who thinks Messr.s Banks and Weltman are not involved in this company is not paying attention.
Mr. Moustafa, the relatively new CEO, President and Chairman of the Board has been dealing with Messrs. Banks and Weltman since mid '96. His previous company, CIT Inc., was retained to develop the internet casino site for Gaming Lottery Corporation....same players.
There are rumors that the April delivery date for the casino site may be in some jeopardy, due to a dispute between the developers and the end user.
Mr. Moustafa is a former classmate, and workmate, of Mr. Nickerson, who is on the Diversinet Board. In turn, Mr. Nickerson worked for Mr. Clegg.
The gentleman from Netscape who is on the Diversinet Board was known to Mr. Moustafa when Mr. Moustafa still owned CIT....which he sold to a group of Middle Eastern investors, on the understanding that he (Mr. Moustafa) would stay with them for 3 years....rumor has it that he left after less than nine months, to join Diversinet. CIT had apparently been doing some consulting work for Diversinet, on behalf of Messrs. Banks and Weltman, prior to the sale of CIT to those investors.
Recently, the gentleman who started this thread made reference to a contact he had received from someone who said he "owned" the technology behind Diversinet's product. It may be that the Netscape member of the Diversinet board of directors had some previous relationship with that person. This is unconfirmed, but worthy of investigation.
The technology promoted by Diversinet may be valid....the recent reference to Certicom, the Canadian company with $35 CDN shares, is also potentially valid, since they were promoted by Yorkton Securities for their IPO. There is a strong possibility that there may be some linkage between Yorkton and the other players in this situation.
Good luck to all in this one. |
