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Microcap & Penny Stocks : DIGITCOM (DGIV-OTC-bb)Information Thread -- Ignore unavailable to you. Want to Upgrade?


To: paulmcg0 who wrote (391)1/1/1999 10:30:00 PM
From: MoneyBaggs  Read Replies (1) | Respond to of 530
 
As stated before, DGIV never solicited Wall Street West, and never compensated them for anything. When will this sink in to your tiny little brain?




To: paulmcg0 who wrote (391)1/2/1999 1:17:00 AM
From: Lazarus Long  Read Replies (2) | Respond to of 530
 
Yes Paul, you are correct...

But there is a difference between paid promoters or "touters" and those mentioning it for other reasons. Certainly Liebman and Oesch were paid - and rather handsomely, I might add - for their efforts. Those efforts included not only the arrangement of the reverse merger, but also the initial placement of shares. I have no reference from which to judge whether or not they were unfairly compensated, but it does seem to be a steep price to pay... even considering the risk associated with a company such as Digitcom when they were first staring up. There is quite a bit of information regarding this in the 1996 10-SB.

In all fairness, I did not discuss Liebman & Oesch with Mr. Chin, nor did I discuss Wall Street West or Stock of the Month with him, nor do I have any personal knowledge of these two concerns.

However, it just doesn't seem to make much sense to hire promoters to jack the stock price when there are so few shares left from the total number authorized and when (up until recently) no officers of the company had filed to sell shares.

I do not know how Section 12b-2 of the Securities & Exchange Act defines a "promoter." Do you have to be paid to be a "promoter?" under this section? Are you saying that Wall Street West and Stock of the Month were paid by DGIV to "tout" DGIV stock? There are those here that say no... and I just want to make it clear as to what you are trying to say, since I could see your paragraph being interpreted a couple of different ways.

Lazarus