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


To: Howard C. who wrote (40265)3/11/1999 5:54:00 PM
From: Lazarus Long  Read Replies (2) | Respond to of 50264
 
LOL Howard!

I hope nobody would ever accuse you of not stating your mind! They would be out of their's...

I think he should step aside right now, put the company in the hands of professional managers, and stay on as a consultant for long term planning. What do you think of that?

I believe that would be a bit like throwing the baby out with the bathwater. I do believe that the company would strongly benefit from having a stronger management team.

As far as to who a foreign agency will make a deal with and what exactly their credentials would have to be, I won't pretend to be anything but ignorant. I will just throw out a thought though... you invested in this small unknown firm without knowledge of financials... and so did the rest of us... why? We perceived the risk to reward ratio to be in our favor. What would be so different about an agency of a foreign national?

As to there being a difference between being a visionary and being able to run a public company... no disagreements there. However, you rarely find both a great manager and a visionary in the same body... those are rare individuals and worth their weight in gold. BTW, conventional wisdom holds that a company in startup mode (like DGIV) needs a visionary at the helm. When rapid growth hits, the company will need a strong management person in a position with power, but the visionary should still be at the helm. As the growth rate levels off, it is best to put the manager at the front to consolidate operations and make the company efficient. Once growth starts to fall off or stagnate, it is time to put the visionary back at the top to reinvigorate the now (hopefully) large company. At least, that is the way it is supposed to work. :-)

Lazarus



To: Howard C. who wrote (40265)3/11/1999 6:09:00 PM
From: chip  Respond to of 50264
 
Like Howard, I don't get it. A foreign telco is going to want to know the financial standing of a potential contractor, and trying to hide by staying non-reporting won't work as a tool. You don't have to do a lot of digging to figure out whats going on. If this is Jimmy Chin's reasoning, it really makes me wonder,,,

Chip