To: taz man who wrote (27581 ) 9/28/1998 6:01:00 PM From: Lazarus Long Read Replies (1) | Respond to of 50264
Taz... weren't you the one that was just worried about dilution? Well, it seems that we have no dilution going on right now... as of this morning we had 19M shares issued... basically the same as in August. We have 100M shares authorized... if the company wanted to dilute, they have more than enough capacity with 4 times the number issued still in reserve. OK, so what did cause the price to go down today? Who can really tell for sure, but it would seem, IMO, that it is continued fallout from the missed 10-SB filing, coupled with the revelation that the Louis International and Indonesian telco deals are not done yet. The effect is further compounded by those who see the price dropping like a rock and do not want to be burned with a worthless stock... causing even further declines. And so the story goes... Now, what would we like Jimmy to do? Buy back shares? Doesn't seem like the thing to do to me... why would the company want to do that. I would rather see the company use its capital to build its foundations than to artificially prop up the price for the short term only to see even more shareholders get out. Issue a statement? Well, it seems that we have heard that it is on its way. Of course, I have kind of gotten to the point where I will believe it when I see it. I certainly do not expect Mr. Chin to give me a call at home and explain things to me personally... that seems a bit counterproductive, as well. Issue a PR? To be honest, I don't want to see another MOU PR right now... if they have an actual signed contract... let me at it, but not an MOU. Nope... the right thing to do is to make sure all the folks handling DGIV's IR are on the same page and talk to the shareholders through their already established newsletter. Jimmy Chin needs to do this so that he can go back to the business of running his business, rather than answering to shareholders. Lazarus