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


To: Rick D. who wrote (26346)9/21/1998 10:38:00 AM
From: J.F.K.  Respond to of 50264
 
I think the stock will go back up before the end of the day.

JFK



To: Rick D. who wrote (26346)9/21/1998 10:43:00 AM
From: macker  Read Replies (2) | Respond to of 50264
 
it is a 90% rate ive been told by several sec attorneys, that the sb10 is returned and the sec asks that certain accounting entries be restated, ive heard a rumor that this is what has happened to dgiv, they were asked to restate some expenses for 1996. it is 30 days before you can refile, im not 100% sure about the 30 days so if someone can verify. schedule c is almost always the culprit, many businesses get this, for example: if you have a company owned vehicle that you expense out, you cannot claim it as a company asset. if this is the reason some are going to sell, because they have to restate some expenses, that is a pretty weak excuse in my opinion. its not saying jimmy didnt do the work, its saying "ok, now that you have done the work, we want you to reconfigure some items/entries". like i said, this happens almost 90% of the time. like i said this is rumor, but even if it is true, being a business owner, i highly doubt that they get it 100% right the first time around.

macker



To: Rick D. who wrote (26346)9/21/1998 10:46:00 AM
From: MARK BARGER  Respond to of 50264
 
Rick, the thing that concerns me is that they have had the last couple of months to deal with this 10-sb filing. IMO this NY conf. is a critical tool to use to meet with institutional investors. In fact, JC is scheduled to go to NY on tues. to meet with brokers and some big boys to strut his stuff. It would be a shame to drop the ball so close to the goal. I also spoke with Daniel a WV. He says that DGIV's securities lawyer has qustions about JC's first company and how it relates to DGIV, more legal mumbo jumbo. I think if JC can follow thru on all we have been led to beleive he can do the stock will fly.
If he can't follow thru, the stock will flounder. JC is a can do kind of guy. I'm sure he will take care of problems one way or another today. He is in town today and I'm sure all over this situation.

Mark