To: bobsrb who wrote (13673 ) 6/17/1998 11:08:00 AM From: john denton Read Replies (1) | Respond to of 50264
We will see continued depressed prices until the 10SB comes up on EDGAR. The latest report I've seen on that was yesterday, when stockman scott was told on the phone that the financials are being "updated" by the lawyers and then submitted to the SEC. Huh? We were told weeks ago that the 10SB had been filed. And how could you "update" the first quarter's earnings, for instance? So now we have drifted back to some vague dust belt, where space specks emit the deadly radiation of doubt, and investors are staying away in droves. You don't think these low volumes are being caused by MM's, do you? Mind you, I'm still holding and confident in the company. But it needs to improve the PR and avoid vague promises that are so reminiscent of FAMH, for instance, which tanked badly after false promises turned into outright lies. Not that I'm accusing DGIV management of lying, but appearances are important, and investor relations people should keep everything up front, be candid, and willing to share the bad news with the good. So, while we're waiting for this 10SB, why not at least publish the first quarter numbers, the numbers on current contracts and projected earnings estimates to the end of the year, a pro forma, in other words, based on those contracts? If the system is not in place, particularly the US end that JC has been shopping for, then there will be no revenues. But so what? Stocks go up on predictions of future earnings, too, which is why the price earnings index tolerates a higher price than the amount of earnings. DGIV shot up quickly in April, and possibly overshot the sort of p/e ratio that management would prefer to see in its initial financial report. But that is no rationale for withholding information after originally promising to release it. Let's get the facts and let the intelligent investor infer future results. Then the price will go up.