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Microcap & Penny Stocks : Dominican Cigar Corp (DCGR)- turnaround in hot sector? -- Ignore unavailable to you. Want to Upgrade?


To: Pat who wrote (425)5/23/1998 4:43:00 PM
From: Alex Sharp  Respond to of 1078
 
Good point. I don't think the artwork was ever sold, in fact, I believe that they gave it back to the artist and his free shares because they couldn't sell it. Just rumor though.

I talked to the person trying to sell the artwork for DCGR and he said that it was difficult to move that kind of quantities. No, I think that if we see financials that it won't be a part of the assets. In fact, the financials could be very interesting.

By the way, I saw the artwork and it was very nice. Why not ask around about this artwork. This is probably why they are using shares, not cash for their transactions.



To: Pat who wrote (425)5/24/1998 12:59:00 PM
From: LFISKY  Read Replies (1) | Respond to of 1078
 
It is my understanding the art work was sold. I believe they are paying cash money for the deli franchise they are purchasing. That is where the cash appears to be going. I don't think there have been any shares given for any of the promo done in the past few weeks. I believe most of the marketing costs are centered around the 3.5 mill. shares of options at .50 issued to Stockbroker Relations. So until the IR is able to get the share price above .50 they aren't making money on this deal. Check this out for yourselves and correct me if you find out for a FACT that this is wrong.

LFISKY