Dominican Cigar Corp (DCGR)- turnaround in hot sector? Message Board

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Microcap & Penny Stocks : Dominican Cigar Corp (DCGR)- turnaround in hot sector?

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To: Jeffrey_J who wrote (560)	7/6/1998 2:22:00 PM
From: LFISKY	Read Replies (1) of 1078

O.K. here goes. I just got off the phone with Izzy Roth of DCGR. The guy was very helpful and he was a straight shooter, no B.S. I will try to summarize the finer points. 1) 1.7 million in assets. Includes 1/2 million in inventories and about 1 million in artwork that they had on books at 5.7 million but wanted to take a conservative stance. They have cleaned up books and are moving forward. 2) will show about 1 million in sales. This figure should jump drastically one aquisitions are completed. 3) they inherited about 100,000 in debt. 4) should be S&P within 72 hours. 5) should be blue skyed middle of next week. (currently they aren't blue skyed in all states, this should help sale of stock.) 6) Mac 10 deal plus deal in the works with Wu Tan Clan to produce products for them. 7)NO immediate plan for reverse split. Right now the focus is on getting the company going in the right direction. 8)FINANCIALS ARE DONE. WE WILL BE SEEING THEM. This is the short of our conversation. I feel very good after talking with Izzy. Like I said, no B.S. just the facts. If I think of anything else I will post. LFISKY

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