Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!! -- Ignore unavailable to you. Want to Upgrade?

To: J.F.K. who wrote (46456)	7/14/1999 11:26:00 PM
From: Howard C.	Read Replies (1) \| Respond to of 50264

After re-reading it, I certainly don't see anything confidential, in fact, it is basically the same sort of speculation on reasons that we are doing. By the way, one thing she does that I don't like, she posts everyone actual email addresses....I have not included those here: The SEC has had an open investigation of Digitcom for several months now. The SEC investigated and sanctioned a couple of investor relations companies (Liberty Capital and others)that Digitcom had retained in the past, then there was a lot of volume and a rapid rise in the DGIV share price in April and May of 1998. While the staff of the SEC has made no comment indicating a direct connection between these events and their investigation of Digitcom, neither have they made any statement beyond the concerns referenced in their press release regarding the suspension of trading. Those reasons are the need for current audited financial statements, and supporting documentation for contracts and other agreements the company has made. As far as the suspention of trading DGIV through July 21 goes, we know nothing more than is contained in the SEC statement. They haven't made any further representations to, or requests of the Company. We can only speculate that the action may be an answer to the unusual volume traded last week. Or, the action could have been taken for reasons unknown. The company has been working on a multi-year audit (which is nearing completion) and has forwarded several tens of thousands of pages of documents to the SEC staff in hopes of concluding this matter as soon as possible. Our assumption is that providing audited financials and supporting documents proving that operating contracts are real will go a long way toward releasing the suspension. That may not be all that is called for...probably there WILL be further actions that will have to be responded to...but we have no idea as to what they may be. We're moving ahead on the assumption that the SEC's mandate to protect shareholders means that there is a way for the company to perform on contracts signed, and that building on those, we will be able to continue to pursue our business plan. And, that the SEC will provide an avenue for DGIV shares to be traded as we do, once their concerns are resolved. It is difficult for me to know of many of your personal struggles with this stock. I would like to give you all sorts of promises and guarantees, however the real truth is that there are none. All the company can do is comply with the SEC in the best possible way given the information that they have. I strongly believe that that is what the company has been doing and is continueing to do. Kindest Regards, Cheryl Mitchell