To: Howard C. who wrote (19479 ) 7/29/1998 11:55:00 AM From: RocketMan Read Replies (2) | Respond to of 50264
Howard, that is very sad for MTEI investors. On a positive note, however, if there are problems there that hurts investor value, the SEC is doing the right thing is halting trading. This gives Uselton some time to figure out what has gone wrong and fix it. It also stops anyone from dumping shares on the market, if that was happening, etc. Remember, that through it all, the SEC is by charter on the side of investors, not on the side of companies. When they blow the whistle, of course, it hurts, but it hopefully will increase value in the long term. Since this is the DGIV thread, I would like to comment on that in a way that relates to DGIV. I have been in DGIV since March, and the company has existed for a couple of years before that. I have seen other companies that were scams (not talking about MTEI, don't know there), and other companies that were incompetent. I have been invested in some of those, unfortunately, and not in others. My point is this. In all of these cases, they were smoked out well before they got to the point where DGIV is today. There are not only a lot of sharp regulators out there, but also a lot of journalists just itching for the glory of smoking out a scam. With the extremely high visibility that DGIV has gotten since March, there is not a doubt in my mind that any inproprieties would have been discovered and exposed, even if we ourselves had not been able to find them. As I have said before, I myself visited the SEC early on and inquired as to what they had on DGIV, before I decided to invest heavily in it. I post this not because I suspect any similar problems with DGIV that exist with MTEI, but because there are a lot of people invested in both stocks, and some people might be wondering if it happened to MTEI can it also happen to DGIV. DGIV is the most investor-researched non-reporting BB stock I have ever seen. Calls to the company; calls overseas to verify their contract announcements; calls to PR firms; visits to their offices; individual conversations with the CEO and other top management by multiple individuals; conversations with engineers in the IP telephony field; conversations with brokers and investment bankers familiar with DGIV; stories run by Internet Week and Stock of the Month. The only thing we still are awaiting is publication of their financials, which should occur very soon.