The facts speak for themselves in the case of DGIV.
Consider the following facts:
(1) On April 2 of this year, DGIV said they were going to file the SEC reports necessary to get on the Nasdaq Small Cap market. More than 5 months later there still is no sign of the SEC filing. There are OTC BB companies, such as TSQD or WAVX, that actually do file with the SEC. (From what I recall, companies are supposed to file, even if they are on the OTC BB, if they have more than 300 shareholders.) I suspect that if they were a legitimate company, a large brokerage would have assisted them in getting on the Nasdaq, because Internet related stocks have been very hot.
(2) Digitcom (DGIV) has used paid promoters to push the stock, including Leibman & Oesch, World Vision, and Liberty Capital. (It appears that DGIV was created from a public "shell" company supplied by Leibman & Oesch, called Ouzel Acquisition Corp.) They have also run paid ads in Investors Business Daily pushing their stock.
(3) I posted a trading history for DGIV over the last year that showed a price range from 1/16 (6 cents) a share to 8 dollars a share. That's quite a range -- show me a stock that reports to the SEC with that kind of percentage range in its share price.
(4) The Stock Detective's Web site warned that DGIV was a dubious company. I would point out that previously they have warned about MTEI and INFE, before those stocks crashed.
Also, why don't you ask Jimmy Chin what happened to the failed business, DiV-N, that was supposed to supply pay-per-view digital video over ISDN.
Paul M. |
