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Microcap & Penny Stocks : DCH Technologies (DCH) -- Ignore unavailable to you. Want to Upgrade?


To: Scoobah who wrote (1345)5/3/1999 10:51:00 AM
From: Francois Goelo  Respond to of 2513
 
The DARK side of DCHT, a must read for the potential investor...

1) Insider trading:


biz.yahoo.com

Over a one year period, DCHT has issued, in lieu of cash it doesn't appear to have, some 2 Millions shares, or just under 20% of its total outstanding share capital in payment for various services, including those of Pumping outfit Ram Capital. This is managed by H2SteveO, alias Dr Harvey, alias Sir Alexx, alias H2Oshinsky, all aliases terminated by SI at one time or another. Oshinsky has been reported to the SEC for posting on SI without a disclaimer, while being employed and paid by DCHT through Ram Capital.

2) DCHT has never filed any financials, in spite of promising to do so by the end of first Quarter 1999. It is believed by Sid Turtlman, a poster who has analyzed DCHT in details, to be close to insolvency:

Message 9276971

3) In spite of making lofty revenue projections for 1998 and claiming substantial backlogs of products on order, total UNAUDITED revenue for 1998 was less than $200,000, while DCHT LOST A COOL $4.2 Millions.

4) Some of DCHT claims in press releases, such as that concerning the ANTAEUS bridge venture, are considered to be extremely misleading and possibly false by Sid Turtlman on DCHT thread. All his posts are a must read.

The Saga of DCHT is to be continued at a later date. For every post attempting to Pump DCHT, another post with the true story will appear on this thread to protect newbies form potentially getting burnt.

F. Goelo + + +