So what percent of the shares did you own, dgivinvestor, since JC owned over 92% of them as of 7/96. So, for years you have had shares? Did you have the other 8%? Just curious.
Taken from the only document DGIV has at Edgar right now:
Item 4. Security Ownership of Certain Beneficial Owners and
Management.
The following table shows beneficial ownership of shares of
the Company's outstanding Common Stock as of July 29, 1996, (i)
by all persons, insofar as is known to the Company, owning more
than 5% of such stock and (ii) by each Director, each of the
executive officers of the Company and all Directors and executive
officers as a group. As of July 29, 1996, there were 9,702,500
shares of Common Stock issued and outstanding.
Title Name and Position Amount and Nature Percent
of of Beneficial of Beneficial of
Class Owner Ownership Class
Common Digitcom Interactive 9,000,000 92.8%
Stock Multimedia, Inc.
Shareholder
2190 'B' Colorado Avenue
Santa Monica, CA 90404
Common Wan Ying Chin 9,000,000(1) 92.8%
Stock Chairman of the Board,
Secretary
50 N. 21st
Las Vegas, NV 89101
Common Jimmy Chin 9,000,000 (2) 92.8%
Stock CEO, President and
Director
1438 25th Street
Santa Monica, CA 90404
Common Dan Woods - -
Stock Vice President, MIS
and Director
2190 'B' Colorado Ave.
Santa Monica, CA 90404
Common All directors and 9,000,000 (3) 92.8%
Stock officers as a group
(1) Ms. Chin is a director, officer and shareholder of
Digitcom Interactive Multimedia, Inc. and she beneficially holds
fifty percent of the voting shares of DIM. Accordingly, she
may be deemed to have beneficial ownership of the shares of DIVN
held by DIM. She does not directly hold any shares of DIVN.
(2) Mr. Chin is a director, officer and shareholder of
Digitcom Interactive Multimedia, Inc. and he beneficially holds
fifty percent of the voting shares of DIM. Accordingly, he
may be deemed to have beneficial ownership of the shares of DIVN
held by DIM. He does not directly hold any shares of DIVN.
(3) Consists solely of shares held of record by DIM which
may be deemed to be beneficially held by Ms. Chin and Mr. Chin.
Item 5. Directors, Executive Officers, Promoters and Control
Persons.
Certain information regarding the Directors and
executive officers of the Company follows:
Name Age Positions Held Officer of
with the Company the Company
Since
Wan Ying Chin 59 Chairman of the April 1996
Board, Secretary
Jimmy Chin 40 CEO, President April 1996
and Director
Dan Woods 28 Vice President, April 1996
MIS
Additional information concerning each director and
executive officer of the Company
follows:
Ms. Wan Ying Chin is an independent investor with
numerous investments in the technology area as well as other
investments in areas such as real estate. She has been a
Director and Secretary and Treasurer of DIM for eight years. She
has also been a real estate property manager for eight years.
Mr. Jimmy Chin has been President and CEO of the Company
since its formation. He has also been a Director and President
of DIM since its formation in 1986. He is a graduate of
UCLA with a degree in Economics.
Mr. Dan Woods, Software Engineer, has designed and
programmed computer-based Interactive Voice Response in
telephonic applications since 1981. He has experience in all
current PC-based programming languages and Wide Area Network and
LAN architectures. He has served as Systems Consultant to many
companies including SimSci Corporation, Resort Services, County
Wide Title Corporation, Snow Summit and Digitalk. For the past
three years he has devoted full time to designing applications
for DIM's Anise system.
The Directors of the Company are elected at the annual
general meeting of stockholders to serve until the next annual
meeting. The executive officers of the Company serve at the
pleasure of the Board of Directors and do not have fixed terms.
Executive officers generally are appointed at the annual
Directors meeting immediately following the annual stockholder
meeting. Any officer or agent appointed by the Board of
Directors may be removed by the Board whenever in its judgment
the best interests of the Company will be served thereby without
prejudice, however, to contractual rights, if any, of the person
so removed.
Wan Ying Chin is Jimmy Chin's mother. Except for such
relationship, there are no family relationships among the
executive officers. In addition, there are no arrangements or
understandings between any officer and any other person pursuant
to which that officer was selected.
Item 6. Executive Compensation.
Cash Compensation and Options
Because the Company was not in existence until April
1996, no cash compensation was paid and no stock options were
granted to any of the executive officers in the last three fiscal
years.
Option Exercises and Values
None of the executive officers of the Company hold any
stock options in the Company.
Long-Term Incentive Plans
The Company has no long-term incentive plans.
Compensation of Directors
There are no standard compensation arrangements for
Directors for their services as such, including service on
committees or special assignments or as consultants or experts,
except for reimbursement of expenses for attendance at Director's
meetings.
Employment Contracts and Termination of Employment Arrangements
There are no written employment contracts between the
Company and any of the executive officers. The executive
officers are currently paid the following annual salaries: Jimmy
Chin - $36,000 and Dan Woods - $65,000. There are no other
compensatory plans or arrangements, including payments to be
received from the Company, with respect to the resignation,
retirement or other termination of the employment of any
executive officer or related to a change in control of the
Company. |
