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Microcap & Penny Stocks : DAWC (Welcome CDMD Investors)

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To: David W. Tucker who wrote (104)	3/31/1997 12:13:00 AM
From: David W. Tucker	of 177

GOOD NEWS!! I THINK ... I conducted a search in the SEC filings and discovered a recent March 25th filing by Dawcin. It appears they have filed the papers for their October purchase of First Equities (and reverse split), and then papers for their December 10th spin off of First Equities. Everything seems in order, but it is not crystal clear to me just how many shares of First Equities I will receive. It is not spelled out. But the basic substance is there. Over 8 million shares of First Equities are to be distributed to Dawcin shareholders of record December 10th. However, since this is not clear to me, can someone who better understands these things please read the SEC reports, or contact DAWCIN, and let us know the scoop. The recent press release stated (I think) that 140 shares of First Equities would be distributed for every 1 of DAWC as of December 10th. Incidently, First Equities showed a PROFIT of .03 per share for the year ending June 1996. This looks great to me. If I get my First Equity shares, I guess I'll be happy.

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