Laz, thank you for your intelligent post. It's good to see rational debate return to the thread.
A couple minor quibbles with what you wrote: first, the Louis International "contract."
No, they did not call it a "contract"... they merely said they had come to terms on a binding agreement ("commits Louis International to..."). I assume this agreement was written, not verbal. I call written, binding agreements contracts. And -- you will agree with me here, I hope -- while they did not explicity say they had signed it, they did not deny it, either. So the question of signing is still up in the air. Perhaps they will settle the question soon.
If you read my post, and if I really wanted to argue semantics, I said that DGIV announced the contract, but did not claim that anyone signed it.
But yes, I certainly thought that DGIV was announcing a signed contract in that release -- I can't understand why they would put out a PR detaling a contract they would never sign. I would think a PR outlining a lawsuit against Louis Int'l would have soon followed, had LI backed out of such an agreement. Or vice versa.
It is typical of DGIV to write incredibly deceptive press releases like the Louis Int'l one and the "German telephony network" one, which on close review shows no mention of DGIV getting any money or business there. Or the two releases about them filing financials. Or the Egyptian one, which to their credit they followed up.
Secondly, on the issue of DGIV having signed any contracts -- honestly, unless they signed one ten minutes ago, I think I'm on incredibly safe ground.
I cannot believe that a company which would announce unsigned contracts -- and MOU's -- would forget about announcing signed ones. Not only would it help DGIV's stock price (which it needs to rise if it truly wants to be listed one day), but they could parlay that first contract, I hope, into a few more by showing other companies that they are serious.
Merely telling people in private that they had signed contracts, but failing to announce them (for any reason), would call the validity of those contracts into question.
Failing to announce good news is not good business. |
