Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Lazarus Long who wrote (33380)	12/9/1998 1:09:00 PM
From: ~digs	Read Replies (1) \| Respond to of 50264

Great post Laz, the seemingly obvious is sometimes not for many. Here's a repost of something I typed up a few weeks ago: To: Sam Lee (31055 ) From: ~protege Wednesday, Nov 11 1998 6:39PM ET Reply # of 33381 Call me crazy, but I think the conservative attorney DGIV signed up with back in Sept may very well be one of the best decisions Jimmy made. If in fact these many months of negotiations with numerous foreign telcos have turned out one, maybe a few solid contracts, I don't suspect we'll know much about it until after its public release. From what I can tell, DGIV mgmt essentially has a gag order in place right now. And so I've asked myself, why would DGIV keep their shareholders in the dark??? One simple reason, because they can. Digitcom isn't a fully reporting company. A self imposed deadline for financials to be released by Sept 24th was not met, by virtue of the fact that the lawyers wanted more info, wanted to remain more conservative, wanted to be sure about everything. Scenario: I don't know, seemed that the SB-10 was about 3/4 of the way completed back then... it's been over 45 days since, maybe we'll file before any of the contracts are announced??? makes sense to me? Anyways, back to the reasoning for the gag order. Because DGIV is not reporting yet, they don't have to show their hand. Contract negotiations with foreign entities are generally more sensitive than one would like to believe. Bottom line: Digitcom lawyers realize, and probably have advised Mr. Chin, that it is in the best interest of the company to remain silent until they're ready... That is to say, until things have solidified and until the companies dealings are able to support a higher stock price, DGIV mgmt, combined with their lawyers, believes that the silence will ultimately benefit the company. IMO, what Digitcom seeks to avoid is the "buy on speculation, sell on news" factor which ultimately kills 95% (?) of the BB's, and keeps viable companies from getting a major listing. In addition, the company is well aware that they have many individuals are sitting on expensive shares. DGIV needs to release tangible news that will give shareholders a reason to hold on to that long term mentality. A strategy which truly is against the grain when dealing with these darned pennies.