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Microcap & Penny Stocks : DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!! -- Ignore unavailable to you. Want to Upgrade?

To: ANALYST10 who wrote (15649)	6/24/1998 9:34:00 PM
From: RocketMan	Respond to of 50264

>>I am done making negative comments. You know the answers and I won't get into it. Draw your own conclusions. << No, Analyst10, I am taking you at your word. You said tonight was an educational session, and previously you said you were going to teach us how to think. So I am here to be educated, because I don't know the answers. You claim that DGIV is a scam. You have many negative things to say about DGIV. You claim to have highly detailed information about DGIV. And yet you claim to never have heard about Liberty Capital, their major promoter, and will say nothing about them in public. I am just trying to use logic here. Is this logical? Please help me out with my thinking. I am missing something.

To: ANALYST10 who wrote (15649)	6/24/1998 9:41:00 PM
From: Dolfan	Read Replies (1) \| Respond to of 50264

Mr. analyst10, last night Patricia stated the Financial Statements and corrected your earlier translation of them. She read directly from the Digitcom Statement. If you would like I will repost it! Oh what the hell, here it is, comments please! Patrticia, sorry if I botched it up, I copied and pasted. I love the way you hatchet a financial statement. I will grant you, you must have the same one I am looking at. By hatchet, I mean you only give part of the info, I am not inferring you changed any numbers. You failed to mention the $2,091,466.00 in notes receivable from their Canadian & Saudi Arabian Distributors...nor did you mention the 3,277,098.00 notes receivable from their Egyptian Distributor. As well...you mention none of their other assets, ie land, building, equipment, advances to affiliates...etc. Why didn't you cite these?? Total assets = 8,799,134.00 in 1997...why not cite this?? Granted, there is no guarantee that the notes will be paid. (Until we see the 1st & 2nd quarter F/S for 1998, that is. Why? Because part of this income is due on June 30 1998.) However, even the company clearly states this, on the last page of their financial statement...page 12, under NOTE 10: COMMITMENTS AND CONTINGENCIES, explained under Concentration of Credit Risk. It was obvious to me that Digitcom was not trying to hide anything. Nor were they inflating their numbers to make themselves look better. Let's check out what you highlighted: Income tax...every company owes tax, provided they are earning income. 98k is not a huge tax burden by any stretch of the imagination. Short term borrowing...785,606.00. "Short term" is the key word here...this is not a long term debt. In fact, this company has NO long term debt. Again, most companies have debt...and it is the long term debt you have to worry about. In fact, as you pointed out...$1,129,228 is the TOTAL of all their current liabilities. I myself, expected it to be much higher... therefore, I was pleasantly surprised. 1 million debt, but they have over 5 million in notes receivable due thru 1999, and that was only based on their F/S as of Dec 1997... YOU STATE: >> A 1:10 ratio this is an insolvent company by any stretch of the imagination.<< 1:10 ratio for what...1 represents what? and 10 represents what? This statement tells me YOU think this company is insolvent and you want others to believe that...but the ratio you throw out means NOTHING... you have not said what it is for, nor demonstrated how you arrived at it. It is a worthless, unsupported statement. You said: >>Which brings us to another point concerning the financial statements. There is no going concern opinion issued by the auditors cautioning the reader.<< I haven't got a clue what you are trying to say about the auditors...or a caution?? The Independent Auditor's Report I read, seemed pretty standard and clearly stated that their accounting firm was giving an OPINION only...based on THEIR audit. Their opinion was that "the financial statement represented Digitcom's financial position as of Dec. 31, 1997." Period. >> Wonder what college this accountant graduated from.<< Why wonder...why don't you pick up the phone and call Mr. Alex D. Domantay & Associates, CPA's, and ask. And, if your not satisfied after that, why don't you call and check out their CPA license...it is a very simple thing to do, I've done it hundreds of times. Bottom line---I read just fine. Financial's were a steady diet of mine while I worked for Chase Manhattan Leasing and Copelco Credit. These ain't the greatest, but they aren't bad either. This company has a great deal of potential...and they have made a good start. Patricia