DCI Telecommunications - DCTC Today Message Board

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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today

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To: Rob Taylor who wrote (14620)	3/10/1999 11:29:00 AM
From: LT	Read Replies (2) of 19331

Hello Rob, I'm not Joe but I can try to answer a few of your questions. The listing pursuit from 2 years ago is dead. DCI didn't qualify on all criteria and the application was shelved. There was a time 2+ years ago that listing req's were much more liberal and subject to the evaluators opinion. Then, BRE-X broke and the exchanges ran scared as they had ALL been duped. Listing req's were increased as was the scrutiny of the evaluator. AMEX/NAZ who comes first....The bureaucracy of the AMEX has been astounding, to say the least. I know corporate doesn't have much good to say in terms of them doing what they told us they would or could do. Lots of talk, little action. On the NAZ front, we still don't meet all the qualifications. DCI and ITEL have had joint meetings with the NAZ. The NAZ is perfectly capable of looking at a "what if" company and rendering a decision basaed on the combined accounting. The holdup is the SEC. As they continue to pursue their questions, DCI continues to answer them. It just takes way too long for my liking for the SEC to get back to us with the next round. At times, it seems as if they are scrutinizing the takeover of Worldcom by ATT<G>. DCI has been a fully reporting company for over 3 years and they didn't have problems with our filings when the transactions in question were done but they do now....duh....why didn't they ask those accounting questions when the filings were done originally? In the meantime, we hurry up and wait<G>. I understand the frustration with not currently being listed as does management. Not being listed has cost this company mucho dinero in terms of financing arrangements the past 2 years but it was unavoidable. IF the SEC will give the go ahead to the ITEL merger, I think we'll meet all the qualifications needed except price. I have not been able to get a definitive answer from the exchanges on how long and at what price the new company has to trade at before they receive a listed status. There are still many unresolved questions for the time being so we just hurry up and wait. I do not intend for this note to be negative in tone, I'm just answering the best I can. I'm very long this company as I love the potential of this sector and this particular play. Management has always tried to do what is best for the shareholders and I don't see that changing as they have the largest stake of all. Take care... Lou

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