To: kennbill who wrote (26390 ) 9/21/1998 5:23:00 PM From: RocketMan Read Replies (4) | Respond to of 50264
Hi, Janitor, I am right here, sort of, right behind your screen :-) I have always said that DGIV is a high potential, but high risk, investment, and today bore that out. We had a selloff because of the SB10 which apparently will not be filed by their self-imposed deadline. I think I have always been a straight shooter, and I am not going to change now. I am not going to try to spin anything, or change the way I see things in order to appease anyone. So I may make some people angry by giving my assessment, but ask me if I care. Assuming DGIV does not file by the 23rd, they will indeed have missed a self-imposed deadline for the second time in four months, and when any company, especially a BB company, misses such a deadline, the results are clearly evident in the stock price. I am terribly disappointed at this, assuming that this will happen. Having said that, does this change fundamentals? Yes and no. I look at fundamentals in three ways: technology, contracts, and management. This is just my own personal way of assessing things, and has no validity outside my own mind. IMHO, over the last 2-3 months, on a scale of 1 (low) to 3 (high), DGIV's technology has gone from a 2 (medium) to 3 (excellent), so that is a positive movement in fundamentals. Contracts have gone from a 1 to a 2, would be a 3 except they are still non-reporting. Management, IMHO, has gone from 3 to 1. Total it up and DGIV has gone from a 6 to a 6 -- no change. I still think that Jimmy Chin is a visionary, and will eventually get this company where it should be. But two missed self-imposed deadlines in four months is not something I can ignore, and does not speak well for the overall management team, PR firm, and legal advisors. At least management is a lot easier to improve than technology or contracts, so that is something positive to focus on. So what the heck does this mean? Ansolutely nothing, because this is my own personal scale and each one of us has to do their own decision as to fundamentals. But for me, what I see is a company whose fundamentals are about the same, but I have more confidence today in their technology and contracts and less in their management than I had a few months ago. Being a high tech company, I guess technology is probably more important than management, but it is all important. But I still believe what I said the other day. In the long term all of this is meaningless. The only thing that will count is whether DGIV, or any other high tech BB company, gets bought out because that is the only way to escape BB hell. The BB system has been dying for a long time now, and if it does not die on its own the MMs will make sure and kill it through greed and manipulation. These guys are making a mint off volatility, and they are not about to let these cash cows get to a level playing field. I do not expect to see any other high tech company ever leave the BB world except through merger. And I believe Digitcom is in a tremendous position to be bought out or merge with any number of fully listed companies on any exchange. Joint ventures, great technology, exclusive agreements with regional telcos -- what company could ignore those things. I keep thinking of how Yurie got bought out by WorlCom for some obscene price earlier this year, and Yurie only had a Russian contract. So there you have it, the good, the bad, and the ugly as I see it.