hi Brooke,
I do understand your "hostility" and "negativity". Under the cicumstances, I do not blame you one bit! Whether or not it was "correct", the fact remains that many investors thought that the filing of the sb10 would be imminent. We know now that it will take more time before it is filed, per the company's announcement.
I, like many, am disappointed that it will take more time before the sb10 is done. However, I am looking at the issues thusly:
(by the way, please understand that this is my "interpretation" of the issues surrounding DGIV at the moment. Others would have their own ideas)
In my mind, the sb10 was not and has never been the "defining issue" for the company. Rather, its main purpose would have been to enhance DGIV credibility to present as well as future investors. In my opinion, the key to DGIV has been and will always be contracts/revenues. Again, when it comes down to it, the contracts/revenue stream will be what determine DGIV worth/value, not the sb10.
From the DD made by many investors (including phone calls to Germany, UBS Jakarta, visits to see/talk to Jimmy Chin at DGIV office in Santa Monica) as well as from various announcements relating to alliances/contracts,the question of DGIV "credibility" (i.e.is it a "scam" like MTEI or is it "real") has been settled in my mind. There is no question that DGIV is a "real" company with an emerging presence as an global IP telephony company. The same things that have made DGIV an attractive investment previously are still what make DGIV an attractive investment for myself at this time: hot sector, an increasing presence in more and more countries in the world, the very high chance that somewhere down the line, it will be a perfect buyout cnadidate for a big telco,etc..
My "confidence" in DGIV credibility would not have changed even if the sb10 were filed (again, I am only speaking for myself...I am sure some other investors feel differently, that the sb10 would increase their "comfort" level). For myself, I know DGIV is 'real" and has "credibility"...again, I ask myself: would government in Germany, Russia, Indonesia, Egypt; would companies like NMSS (an established high-tech company) do business with DGIV if DGIV were not "real"????
The answer I have come up for myself is : DGIV is "real", with "real" technology, a 'real" CEO working madly to make more deals/alliances to grow the company and increase its ultimate worth! That is why the "extra piece" of crediblity that an official filing of the sb10 would not make any difference to myself in terms of proving whether or not DGIV is REAL!!
remember Cendant, Cyberguard?? these are companies that are nYSE or NASDAQ-listed with sb10,etc...Guess what? when enough of the officers of these companies wanted to cheat, fudge the "book", the dirty deeed was done, regardless of their filing status. My point is: if the company were going to "scam", a "filing" would NOT PREVENT IT! that is the reason the sb10 was never important to me in terms of "proving" DGIV credibility. To me, its credibility has been in the form of: how many contracts/ business alliances /deals DGIV is doing at this time??
Because, when it is ALL SAID and DONE, DGIV ultimate value/worth (i.e.,how high its buyout price will be??) will be determined by these deals!!!!
everyone has got to be "comfortable" with his/her investment choices. For some, the sb10 would give added "credibility". For myself, DGIV has already proven its "credibility" with its "business presence" and an sb10 would not enhance my "belief" in its "credibility" any further. Like I said, if a company really intends to 'scam", official filing would not be a deterrent, IMO.
the shame, in my opinion, is that investors would see the sb10 as the "end-all and be-all" of this company, and would forget why they invest in this company initially.Like I have stated previously, just think of how far this company has come in terms of its fundamentals since April, with its presence in an ever-lenghthening list of countries and its alliance with NMSS, its presence at the important IP telephony show in NYC this week,etc.....Again, this is what adds to the company ultimate value! All of these are enough reasons for me to believe that DGIV is REAL, not the filing of the sb10!!!
As I have stated above, this is only my opinion and why I invested in DGIV. Others will have to come to their own conclusions. |
