SI
SI
discoversearch

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: MR. FISH who wrote (42333)4/15/1999 5:59:00 PM
From: E'Lane  Respond to of 50264
 
Hiya E2, et al...

Long and the short of it...no matter how much blaming, flaming, pissing and moaning we do...it won't change a thing. We live and learn, and we move on. Believe me, if any of the above would make killer pr's for DGIV appear, make the stock suddenly be listed, and put a(another?) Ferrari in all of our garages, believe me, I'd be first in line to see if I couldn't find something to point to. If anyone has caused harm here, trust me, they will answer to a much higher authority than you, me or even the SEC. Someday there will be a banquet of consequences and we're ALL going to sit down to it.

Ok, not preaching here, I just hate to see this thread head back down the road to the past when we should be looking to the future. I still believe we have a future here, and that is what keeps me holding DGIV. What caused me to buy in the first place is irrelevant now. It's done, forgotten, unimportant, ===poof===!

Let's please don't continue on with this "verbal lynching". Please?

Thank-you,

E'Lane

"Hatred can be an acid that does more damage to the vessel in which it is stored than to the object on which it's poured."



To: MR. FISH who wrote (42333)4/15/1999 6:07:00 PM
From: Lazarus Long  Read Replies (4) | Respond to of 50264
 
Agreed about Mr. DeRosa...

He has been with us here through thick and thin!

And I should also say that I also believe that the smoke and fire allegory has it's place.

You know, many years ago, when I had first joined the Navy and was newly married, I was given the wonderful opportunity to own a week at a resort condominium... you got it: a timeshare.

I was hungry to get my hands on some real estate. I wanted it so bad I could taste it, but I knew realistically it was out of my reach. When I went to the presentation, I had never heard of anything like a timeshare before. It sounded like a real estate partnership to me... I was sold before the pitchman ever made his pitch. I was operating out of my own hopes, desires and yes, fears (being in the Navy, I was afraid I would never own property <g>).

The decision to enter that transaction was one of the poorest decisions I've ever made. We took out a loan with a high interest rate, governed by the rule of 78ths (?) - that is, a loan in which you pay off mostly interest first. Therefore, if you want to get out of the high interest loan later, you still have a disproportionate amount of principal left, according to the way standard loans are calculated. So, we were stuck with it. At the time of the purchase, we also paid a maintenance fee to be placed in a trust fund, the proceeds of which would pay for the annual maintenance of the property. As it turns out, the maintenance was not done for a couple of years and the developer skipped town with the money.

The time share owners stepped in when the property was about to be foreclosed for back taxes. The RCI certification had been lost and the place was generally a dump. A special assessment was made to clean the place up and pay off the back taxes and a yearly maintenance fee is also billed.

My wife and I have never been back to the place since we originally purchased it. Rental fees each year have never covered the maintenance fees. But, I have never tried to rid myself of the property.

Why?

Because twice a year (when I write the maintenance check and send it off AND when I do my taxes), I am reminded: as sold before the pitchman ever made his pitch. I was operating out of my own hopes, desires and yes, fears. I knew nothing about the set-up before I went in... I sure know a lot about what can happen now. <g>

I do not blame the salesman for what happened nor really even the developer... instead, I have chosen to take this as a lesson about what can happen when one operates out of emotion in such a situation.

At times, I have to relearn that lesson - even beyond my annual reminders. Buying Digitcom near the top (I was one of those fooled) and not cutting my losses earlier are such examples...

BTW, holding Digitcom now comes from a more objective analysis of the situation. I might still be wrong, but at least I know the risks.

Lazarus



To: MR. FISH who wrote (42333)4/15/1999 9:59:00 PM
From: Mr.D  Read Replies (2) | Respond to of 50264
 
Mr.Fish... I spell my name Bill DeRosa. I don't want the SEC sending the papers to the wrong person. I'm sure that the SEC will know what Byron has done about buying or selling his stocks in all his stocks that he owns. I had to give them his home phone number and all the other people that I have talked to about stocks. They want all my phone bills for the past three years. I have a lot of my friends on my bills. The thing that makes me a little different than a lot of people who called me to buy stock I still own ALL MY STOCK. That means I did not hype to trap people into buying my stocks so I could make a profit. To be very blunt about it I had a friend who got me into MTEI call me and tell me to get out of this stock because it was a scam. My answer to him was if I tried to sell my 725,000 shares it would go to .01 cent. So I held to the end to let the small investor get out. I should say THANK YOU macker for being a good fried to try and get me out. I wish you had not got me into it. It cost me $460,000.00 I think the SEC is looking at the wrong person. Now all you nice people have a nice evening.... PS.. The nice thing about the SEC watching us we don't have to worry about the bashers. Good night Jane at the BITCH... Another PS I have bought about 5 Million shares of these pennie stocks I have sold 37,000 shares of DGIV in this past year like I said yesterday. FISH ...DeRosa