Jewel, Your right, there was a date error in my post, this is a snip of the error:
It has been pointed out that ALL of the C, D and most of the E shares were sold prior
to Nov. 1, 1997, leaving about 368K of the series E converted shares to be sold from
Nov. 1, 1997 to the present time. So this means:
As you pointed out the remaining 368K shares of series E would have been sold after April 1, 1998, not Nov. 1, 1997 per my post, sorry for any confusion.
Charles has indicated that he thought about 1.4 million of the CC shares have been sold to date. This is not a number I can verify of course. Given that the entire CC deal involved around 8.3 million shares if all warrants and options were exercised, that group as a whole would still hold a huge amount of our stock. When our stock dropped almost $1 a share here recently, that would equate to the CC group dropping about 7 million $. I would assume that since Charles was the president of CC, that there must be a lot of people looking to him for advice on how to handle their DCTC holdings, which to me equates to a lot of responsibility that I would not want on my shoulders. It would make sense to me that Charles and the CC group would want DCI to prosper as Charles indicated in his post with all that is riding on the outcome.
James |
