To: ChatterjeeP who wrote (46309 ) 7/12/1999 11:31:00 AM From: eric larson Read Replies (1) | Respond to of 50264
Do we know that DGIV's "contracts" with its partners do not restrict DGIV's full disclosure of its relationships and performance at this time...i.e. except on condition of permission from its partners? Is such a thing possible, common and/or reasonable? There's been numerous suggestions that "foreign buying" was responsible for the upsurge in volume recently. And someone mentioned that foreigners (even as partners privy to "inside information"?) are not obliged to follow SEC guidelines (especially in context of a currently non-reporting company?). Could it be possible that, for purposes of timely foreign acquisition of DGIV shares cheap, DGIV cannot fully disclose at its own initiative without violation of contractural conditions with its "partners"? Would the SEC "care" *at this time* that foreign interests could be acquiring *currently-nonreporting-DGIV* shares on unequal footing with American (and other "in the dark" foreign) potential investors? Might Jimmy Chin possibly be caught in the middle between demands of the SEC and demands of its contracted partners (and demands of his company's shareholders)? How ridiculous is such a notion? If the speculated foreign buyers *do* now have substantial share positions in DGIV, and assuming DGIV's full disclosure is contingent on its partners' permission, would there be any continuing interest by the vested partners to restrict DGIV's disclosure? What ramifications, if any, might there be for SEC consideration over lifting the suspension of trading in DGIV shares, even should DGIV be fully forthcoming soon (as Roger Templeton emphasized "...they are going to meet all listing requirements soon, definitely much before the November deadline." Message 10428784 )? In other words, might there be any basis for the SEC to continue enforcing trading suspension, even though DGIV discloses in a timely manner and meets "all listing requirements"? (What maximum % ownership can foreigners have at this time? Could this be an issue with the SEC...at *this* time?)