To: PAT JENNING who wrote (17082 ) 7/4/1998 5:41:00 PM From: Lazarus Long Read Replies (1) | Respond to of 50264
Thank you for a very meaningful post Pat! Lately, we have seen a great many strongly worded statements made about Digitcom... some in opposition to and some in support of the company. The statements are made in such a way that one feels that they must make a choice... is the company proceeding reasonably well along the path of a great strategic plan or is the company deceiptful and a scam? Obviously, the answer to this question is paramount when making the decision to either invest or stay vested in the company. The problem is that not everyone has the resources or the skill to verify all the claims made one way or another. The important thing is to verify or disprove that which one can put to such a test. Personally, I don't even have the desire to confirm or refute every single claim made on this thread. It is just way too much work! :-) Just as you pointed out, conflict of material statements and/or statements about one's own position or interest in the company cause me to disbelieve ANY of that person's claims. It is a matter of lost credibility and the belief that a liar remains a liar. Likewise, material statements made by individuals that turn out to be half-truths or twisted truths also cause me to discredit ANY of their statements. Such is the case with every one of the Nays that have appeared on our thread in the last couple of weeks. That may be naive and I may be guilty of engaging in polar thinking, but it is me and the way that I think. Now, the following may be the wrong approach, but it is an honest statement of the situation. I have seen some great dd posted on Digitcom, the industry and the technology. Where I have been able (and had the inclination), I have verified that dd and posted some of my own research and interpretations. I have also done dd on some of the principle posters of dd... a similar technique to that which you just shared... they pass the test that the Nays do not. And once they have passed the test, there is credibility to their future posts. In fairness, there has been an awful lot of exuberence shown on this thread. Some "wild" statements have been made about prices and timing and such. To me, these statements are "forgiveable" in the context of the excitement of seeing an investment go from pennies to $8 a share and expecting that kind of return again in the future. For crying out loud, who wouldn't be excited? I've learned a long time ago to discount the validity of the projections as opinion, in favor of my own opinion and knowledge. However, that does not negate the facts that have been brought forth. Those facts stand on their own merit. Admittedly, I am predisposed toward believing the positive in DGIV. That is because I have taken the time to do the up front work that most of us have done... enough to make me feel comfortable. Because of this predisposition, in my mind, the burden of proof now lies with those that are trying to convince me otherwise. They will not sway me with statements that there is no technology, that the company is not liquid, that the PR's are fake and other such claims. These are easy statements to make and hard to disprove, at least some of them. If I were to make the statement that there never was a Revolutionary War, but that it was history rewritten, how many of us could actually disprove that statement? No... I submit in this case the burden of proof would be on me to back up that statement, not the other way around. In the case of Digitcom, the burden of proof is on them... not me. As of yet, there has been no proof. Lazarus, with my cat laying on my feet instead of bunny slippers.