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To: Scoobah who wrote (4560)	11/24/1999 9:36:00 AM
From: John Stichnoth	Read Replies (1) \| Respond to of 5827

OT--DCH From the October 10S. Auditors' opinion was qualified as to going concern-- snip--------- The Stockholders and Board of Directors of DCH Technology, Inc. We have audited the accompanying consolidated balance sheet of DCH Technology, Inc. and Subsidiary as of December 31, 1998 and the related consolidated statements of operations, stockholders' equity (deficit) and cash flows for the years ended December 31, 1998 and 1997. These consolidated financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits. We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of DCH Technology, Inc. and Subsidiary at December 31, 1998 and the results of its operations and its cash flows for the years ended December 31, 1998 and 1997 in conformity with generally accepted accounting principles. The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As shown in the financial statements, the Company incurred significant losses since inception, and has an accumulated deficit. These conditions raise substantial doubt about its ability to continue as a going concern. Management plans regarding those matters are described in Note 12. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. /s/ LUCAS, HORSFALL, MURPHY & PINDROH, LLP - ------------------------------------------ Pasadena, California February 22, 1999, except for Note 13 to the financial statements which is as of April 30, 1999. end snip------------ Take it off this thread, Steve. If we want to know about DCH we'll go over there. It doesn't belong on this thread. JS

To: Scoobah who wrote (4560)	11/24/1999 10:27:00 AM
From: Sid Turtlman	Read Replies (3) \| Respond to of 5827

Oshinsky admits Turtlman was right! Here is a part of the post that Steve did on the Yahoo Ballard thread, that he left out here: "Here is a short list of DCHT's customers, and lo and behold, Antaues didnt' make the final cut. Id DCH embarrassed by Antaeus? Call them and ask them, I think the President of MTEY owes DCH a public apology, but other than that, their conscience is surely clear." Unless my interpretation is incorrect, you (and presumably DCHT) are now claiming that DCHT was misled by MTEY into thinking that Antaeus was real and that Antaeus had a commercial product that could use DCHT's sensors, leading to CEO Haberman's statement in its Feb. 17th. press release that DCHT would soon be receiving orders of over $1,000,000 annually. You are saying that DCHT was lied to by MTEY, and that it was therefore not DCHT's fault that it made that faulty projection. Therefore what happened was stupidity on DCHT's fault, not fraud. Perhaps that is true, although I think a court might decide otherwise. When a company is doing business at the rate of a few hundred thousand bucks per year, shouldn't it do minimal due diligence before announcing a deal that would multiply that many fold? Since I was able to figure out in a few minutes that the Antaeus thing was bogus, why couldn't DCHT? Could it be because DCHT was, as usual, trying to sell shares to stay alive and was willing to grasp at straws to keep the favorable news flow going? And although DCHT no longer lists Antaeus as a customer, why hasn't it put out a corrective press release to let people know not to rely on its previous prediction? If it won't do that, don't you think that the LEAST it can do is remove the Antaeus announcement from its website? DCHT can't have it both ways - if it is honest, it apologizes for jumping the gun and removes all evidence of the phony contract from its website. How can it not do that, and still claim to be honest? BTW, what is all this subpoena stuff? What are you or DCHT going to do, sue me for figuring out the truth before you and they were willing to admit it? Let me say this: I would prefer to believe that DCHT's management is stupid for making the Antaeus announcement, rather than crooked. I don't think either is a good characteristic for a struggling small company to have, but people can learn from their mistakes if they have honorable intent. If they are con artists, then one can expect them to keep on lying. I would suggest to anyone long the stock that they urge the company to fess up, yank the Antaeus announcement from the website, and put it behind them. If DCHT does that, and refrains from other misleading announcements, you won't hear a word of criticism from me, and it will have a much better chance of attracting the real support it needs if it is to survive and prosper long term.