DGIV -- Good Prospects? Message Board

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Microcap & Penny Stocks : DGIV -- Good Prospects?

DGIV 0.00

Dec 5 4:00 PM EST

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To: Roger Whittaker who wrote (531)	3/21/1998 1:44:00 AM
From: Loren S.	Read Replies (1) of 7703

<<For one thing: Stock dilution. There used to be 11.2 million shares, now there are 17.2 million shares outstanding.>> <<SANTA MONICA, Calif., March 10 /PRNewswire/ -- Digitcom Corporation (OTC Bulletin Board: DGIV - news) announces progress in their stock buy-back program with the purchase of 50,000 shares. Digitcom has seriously pursued the problem that has caused the drop in the stock price last month and will continue until a correct valuation is reached. Jimmy Chin, CEO stated, ''The launch of the 1.5 million share buy-back authorized by the board of directors is in effect. We feel the stock is still significantly undervalued, so the program will continue.''>> I don't think enough attention is being paid to the news above which really started this whole rally. I keep hearing the outstanding share numbers listed at 17 or so million and the float at 6 million. Do these numbers still apply after the stock buyback is completed? And don't people think it is significant that the buyback was instigated because the company felt the stock was undervalued. Since first reading this news release I've often wondered what the company feels is the "correct valuation".

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