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

To: eric deaver who wrote (493)	6/30/1998 2:38:00 PM
From: LFISKY	Respond to of 1078

Eric, You have a better grasp on this than most. First of all, "anyone" cannot produce audited financial statements. I don't know what Mr. Sharp is referring to here. Audits can only be performed by certified public accountants, and let me tell you from experience the rules that govern cpa's are very, very intense. Are there bad cpa's? I'm sure there are. But 99% of the time you can bet that if a cpa firm signs off on an audit they have done their due diligence. There seem to be people here that are going to have a problem no matter what is put before them. Personally , I just want a copy of the statements so I can make my own educated decision . If I don't like what I see , then I will simply move on. LFISKY

To: eric deaver who wrote (493)	6/30/1998 3:24:00 PM
From: Alex Sharp	Respond to of 1078

Yes, you're right I have heard that SEC does not scrutinize well but they just accept them unless their is red flag in their file (like an SEC investigation). I would hope that we could trust the audited financials as well as they are from merger days to June 30th, 1998. Also, as well as their cash position is satisfactory and that there aren't any wierd things on their financials such as artwork or software (part of the original inventory that PWPH gave them when they merged). As for investors moving in, I cann't imagine this happening until it can be proved without a shadow of doubt that they do have distributors that are real and contracts that are verifiable. Also, that they regain their reputation by those shareholders who have lost faith in them for their unfulfilled promises such as financials for 8 months, 1000 distributors by June 30th, Freddie Barnett as their PR person, their affinity club suggested by some guy named Wolk at their shareholder's meeting, and the list goes on. If they prove once and for all that they are a viable company with solid products, good suppliers and distributors, yes, there should be lots of buying. Get them off the BB and onto Nasdaq and it could move to $5 a share. Unfortunately, I think that the only way they could get the required Nasdaq price of $3.00 is to do a reverse split. Someone should call and get them to confirm their objectives in regards to a reverse split. A lot of BB companies are doing reverses so they don't get delisted. Alex I hope for all of us that they get reporting and are submitted to SEC for filing. By the way, when this filing comes, will someone please post the direct link on this site. I would love to see them.