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

To: Jane4IceCream who wrote (40267)	3/11/1999 6:39:00 PM
From: Lazarus Long	Read Replies (1) \| Respond to of 50264

Dang! I lost my first reply! And it was almost done too! RATS! I agree, this is a good discussion... I would say to you though, that we all find ourselves in a situation where we are investing in this company without knowing a heckuva lot about it or seeing audited financials (BTW, it is my understanding that those financials have been audited... at least for part of the year, but I haven't seen them, obviously). We are in fact, doing business with DGIV on one level. If DGIV finds itself in negotiation with a potential customer, it can release information in a much more controlled fashion than if the information was public. That is, they could if they find themselves in the position where they must. The other problem I have in relation to the above is the fact that it appears that DGIV is primarily Jimmy Chin. If there is a management team, it sure is obscure and I have always wondered how Jimmy can conduct business and grow the company if he is the only decision maker, salesperson, PR and certificate holder. Talk about hitting the nail on the head! Whether it be due to perception, incompetence or J. Chin just not letting go of the reigns, this appears to be the company's greatest weakness. If I were a management consultant to the firm, this is the area that I would concentrate on first. The management team does not have to be great, they just have to be able to keep things rolling enough to be able to free Mr. Chin up to do what he does best... Because Jimmy decided to take DGIV public at some point in the past (and I do not have the details of the emergence of DGIV handy) the bottom line should be to increase shareholder value. The only way I know of doing so in light of everything else evident with the company is to establish credibility in the eyes of the shareholders and the public by releasing audited financials and required documents for filing purposes. I presume Jimmy wants that share price to hold up, not detiorate. I also agree with the fact that Mr. Chin wants the price of the stock to appreciate. However, the difference seems to be in the timing. If the things that he has told me are true and I have interpreted them correctly, then it seems he believes that long term appreciation of stockholder equity will be increased by following the path he is on. BTW, this short term vs. long term management styles has been a point of debate for quite a while now... The rise of Japanese manufacturing dominance in the late 70's and 80's has been simplistically (and popularily) reduced to a philosophy of managing for the long term over a period of decades. Heck, I can remember a time when, "Made in Japan" was a derogatory term. During that period, American managers were focused on short term results, comparatively. Reward systems for both management teams were set to encourage those ways of thinking. We all know the results. The rise of the Phoenix (American manufacturing - in selected industries) though can be attributed to a more balanced management style. In other words, American managers began focusing on strategy without forgetting about tactics. It is tough to win the war without winning a few battles. :-) Japanese manufacturing managers have not been attributed with the ability to adjust as quickly as their American counterparts. There are obvious strengths in both extremes (as there are weaknesses), as well as a middle position reducing vulnerability yet also giving up some of the punch. Probably the best answer lies in adjusting your strengths to match your opponents weakness. But, back to DGIV... the reporting aspect will all become moot in a few short months. We will either know a lot more about the company or we will have a pink sheet company. I can't believe that Mr. Chin plans on going to the pink sheets... he just has too much of his own future tied up in the company to allow that to happen. Lazarus, really enjoying the exchange (and having to 'git along now)

To: Jane4IceCream who wrote (40267)	3/11/1999 9:42:00 PM
From: paulmcg0	Read Replies (4) \| Respond to of 50264

There's a cynical part of me that says that Digitcom did the wrong thing by going public too soon. They did a reverse merger with Ouzel Acquisition Corp. (a "shell" company) and PRESTO they were on the OTC BB. There are a number of venture capitalists they could have dealt with as far as raising funds goes. If they had taken that route, they could have gone public when they were a stronger company, and probably have gotten on the Nasdaq instead. Their actions give the appearance that they were more interested in promoting the stock to make money than in growing the business.