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Microcap & Penny Stocks : DGIV -- Good Prospects? -- Ignore unavailable to you. Want to Upgrade?

To: LaShark who wrote (530)	3/20/1998 9:29:00 PM
From: Roger Whittaker	Read Replies (3) \| Respond to of 7703

For one thing: Stock dilution. There used to be 11.2 million shares, now there are 17.2 million shares outstanding. So obviously, the more shares you issue, the less anything per share there is. If you issue a billion shares, the eps is going to drop with all other things being equal. The financial statement everyone is looking at and basing anything on is also a year old. Not that this is a largely diluted stock (like a lot of penny stocks)are. It isn't. The float is what matters as well. There are roughly 6 million shares out there. This is pretty darn small in the penny stock arena. What is FTEL float? To see a spread so small between the bid/ask, really surprises me. Because ANY good news that comes out in a news release is really going to skyrocket this stock. The only real selling occurred yesterday and today. I'd guess is maybe 1 million shares sold total. All DGIV needs is ONE high volume day on good news of 2 million volume and this thing goes ballistic. It's not the IBD news that will do this. It is the next contract signed. The next news release is due by the end of this month. Here is the question: can everyone hold onto their shares for 7-14 business days? (My experience with any company is they never guess long enough on how long a deal will take-people get disappointed and sell in droves -hence my 14 day guess) I can. ROGER W.