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: bullmarket who wrote (12137)	6/9/1998 6:26:00 PM
From: Lee Walsh	Read Replies (2) \| Respond to of 50264

Hey guys, I'm not whining....but did you hear, 2 of our favorite stocks made todays Stinky Stock list at stockdetective.com DGIV and ICVI So What do they know..... Lee Digitcom Corp. (OTCBB: DGIV) is a company staking its fortunes on long distance phone service in Mordovia (it's somewhere in the middle of what used to be the Soviet Union), and Internet service in the politically and economically scalded Indonesia. What more could an investor hope for when shopping for a bargain? Solid information on Digitcom Corp. is hard to come by. It does not file with the SEC and even its promoter, WorldVision Financial Group, is cagey about discussing the company. WorldVision did not return phone calls inquiring about Digitcom. But a little digging turns up a few numbers. According to the company, it made a $293,000 profit last year. But that's according to Digitcom. There are no audited financial records available for public review, and even the profit estimate appears to be based on unaudited documents. There was no apparent reason for a recent stock spike, which took shares of this company to a high of $8 in early May. Mountain Energy (OTCBB: ICVI), formerly International Casinos Cruises Inc., recently shed its guise as a gaming organization (it only had an interest in one gaming boat) and decided to become an energy company. Mountain Energy claims ownership of coal and gas reserves conservatively valued - according to them - at more than $200 million, tucked away in previously inaccessible sites in the West Virginia hills. This stock has all the classic signs of a pump 'n dump: changing to an industry unrelated to prior focus, a vicious run-up in share price (from $0.04 to almost $2 in two weeks) and weak fundamentals that don't support what the company plans to do. There are 70 million shares of ICVI outstanding, 50 million of which were issued as restricted shares for the purchase of Mountain Energy. Who controls the other 20 million shares depends on whom you talk to. The company lists two contacts on its press release for investor relations. According to Joe Gort, shareholders in the original shell control about 5 million shares. According to George Guttman, the shell owners control all 20 million remaining shares. Confusing? You bet it is, but it makes investing in the company an even easier call. Oh, and did we mention it's non-reporting with the SEC?