(1) On April 2 of this year ...
True, and their stock has paid heavily for that, which is water under the bridge. We were all VERY disappointed that they did not file when they said they would, and many sold. That was in April and May. The business climate changed, business deals don't always happen on time, etc. There were quite a few of us back then criticizing the company for the delay, and they apologized, and learned about promising what they can not deliver. This is September 98, not April, and they have regrouped and told us they would file by the time of the NY trade show. We are awaiting that, and so are you. In fact, you have a wager with macker and Gary on that, by Oct 1. So bringing up the April situation is not relevant to what is going on now.
(2) Digitcom (DGIV) has used paid promoters to push the stock, including Leibman & Oesch, World Vision, and Liberty Capital...
As far as I know it is OK for any company to hire PR firms to promote their stock. How else is a company going to advertise itself? "Promoter" is a technical term that is defined in SEC regulations, and every company uses them.
They have also run paid ads in Investors Business Daily pushing their stock. I wish they would run more. This is called "advertising."
(3) I posted a trading history for DGIV over the last year that showed a price range from 1/16 (6 cents) a share to 8 dollars a share. That's quite a range -- show me a stock that reports to the SEC with that kind of percentage range in its share price....
Try General Magic, try Level Three, try DoubleClick, try a whole lot of companies. The internet sector was very hot. Like DGIV, most of those companies are back down. However, DGIV still shows the biggest percentage gain this year among VoIP companies, and has retained that gain. As an investor, I like that. Since you are not an investor, I wonder what is your motive in caring one way or the other?
(4) The Stock Detective's Web site warned that DGIV was a dubious company. I would point out that previously they have warned about MTEI and INFE, before those stocks crashed.
MTEI was a scam that is totally irrelevant to DGIV, so this is guilt by association at best. INFE is in a totally different business, and drawing parallels is an invalid argument. As far as I know INFE remains solid, though it is struggling at getting out of OTC. I think your point is that if it is in the Stock Detective, it must be true. Maybe yes, maybe no. All I know is that the Stock Detective piece was many months ago, and focused on Mordovia, before DGIV announced Germany, Egypt, the deal with NMSS, Nortel, etc. It seems to me that a reputable publication that warns investors about a stock would have a resposibility to update that story if the situation changes, but they have not. I also note that the Stock Detective, although I know nothing about them and they have made some good calls, is still an internet publication. Digitcom has received favorable reviews in the Internet Week, which is a very reputable publication in print, read by IT managers. Would not this count for at least as much as the Stock Detective?
Also, why don't you ask Jimmy Chin what happened to the failed business, DiV-N, that was supposed to supply pay-per-view digital video over ISDN.
I don't know that failed, but if it did, how is that relevant to the building of a VoIP company using a different business model? Show me a CEO that has not tried several avenues, some of which have failed, before finding the right formula. If that were the standard, we would have to get rid of a lot of CEOs wouldn't we? Like Steve Jobs?
Paul M.
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