Hi there all you {{{{{DGIVAHOLICS}}}}}, here is a unedited email I received from Rodger Templeton last night. It is a response to my emails to him (moosies can be persistant when disturbed) concerning the shareholders meeting letter rumoured to have been received by some on the thread.
A new edition of our Digitcom Investor News should be coming to this
email address within the next few days that will be a general update on
the Company's progress on various fronts. But, to answer your immediate
question, "(a) Is the issuance of preferred shares true, (b) what was
the stock used for? (c) Will this not just further dilute the price?" I
can say this:
(a) Any authorization of preferred shares, or increase in common shares
or creation of new classes of shares, has to come from a vote of the
shareholders. This hasn't occured, and there have been no new shares
authorized or issued as of this date. The Board and CEO has seen the
strategic benefit of having the shareholders authorize the creation of
new classes of shares and of increasing the authorization of common
shares so that (b) Management will have some negotiating flexibility in
prospective merger & acquisition initiatives as well as other venture
opportunities.
A Notice to Shareholders of a planned meeting where that shareholder
authorization could take place was sent out by the Company's transfer
agent. We soon realized that there is great interest in attending such
a meeting on the part of many more shareholders than was anticipated.
So, to provide adequate time for folks to make travel plans and
reservations (and to accommodate them all in one room), the announced
meeting date has been cancelled. A new meeting date (and probably
different location) will be announced with adequate advance notice to
shareholders so most everyone's logistics can be handled.
(c) Merely authorizing classes of shares or increasing the number of
shares of common that are authorized has no effect on the dilution of
the value of presently outstanding shares. Only the conditions under
which new shares are actually ISSUED will have any bearing on the
dilution of share VALUE. The effect on the market share PRICE that an
increased shareholder authorization will have probably will depend on
what the investors think of the direction the company is going, and what
the market thinks of the effect of issued shares will have on the
underlying value of the Company, and therefore their own shares.
Digitcom's management is committed to maintaining strong underlying
value to the Company's stock, and, while fluctuations in that AND the
price of DGIV shares can be expected, over time the constant goal is to
build the Company to the benefit of our partners, shareholders, and
customers.
Please watch your email for more on the questions you've raised and
discussion of the rationale of Management regarding the authorization of
new classes of shares, etc.
And, thanks for joining in,
Roger Templeton
Digitcom
Publicly I want to thank Roger for his reply to my questions, and I also want to thank Jimmy Chin for taking time out of his busy schedule to call me and answer some of my questions regarding Digitcom as well. I have been a shareholder of Digitcom since late March and am as confident in my investment now as I was in March.
moosie
As for you Paul(I'm so smart but can't chew gum and walk at the same time)M., and the coffeepothead, take off eh. Your comments suck.
p.s. Jane, if you said you were getting out I never saw it and I read them all
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