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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today
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To: James Harold Alton who wrote (7644)8/9/1998 3:10:00 PM
From: JOE MEDSKER   of 19331
 
<<<<1. That the bulk of the selling pressure we saw prior to Nov. 1,1997 was due to the converted Preferreds being sold.
2. That the bulk of the selling pressure since Nov. 1, 1997 was probably CC shares being sold, would you agree?>>>>

JHA,
This is what Joe told me several weeks ago and what I put in one of my posts. As far as I'm concerned if the preferred shareholders had stock that could legitimately be sold and they did sell it so be it. If the CC people had shares that could legitimately be sold and they did so be it. I think this issue is giving everybody a headache. The convertible preferreds were issued to raise money for the infrastructure in Europe and acquisitions. Lord above,look at the revenues 2 years ago as compared to the last quarter. WE are a lot better off with 35 million shares outstanding and $200 million in revenues as compared to 7 million shares outstanding and $2 million in revenues.

Best Regards
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