fred, You might feel a whole lot better if you contacted, The CFO MS> HUGHS, I don't know if you read my post that I used to be in Photonics before the merger and announced reverse split. When I read the News release I didn't jump up and down, but couldn't understand how 1 company could be selling stock from the original two, much like my example of Cal ASIC selling along with Jmar. Well DTEC hadn't traded any shares since feb. so I thought maybe another company took the ticker or just like when warrents expire, sometimes they continue to trade(at a huge discount) and most stock has some par value, so I figured I would give them a call and find out what the skinny was.
To my utter suprise the shares of the two companies had not yet been merged. And after speaking with the CFO for sometime I still didn't feel comfortable, so I asked the question from a DTEC stock holders perspective, "so I should sell the DTEC stock and buy Photonics, because that is what is worth more", She immediately said NO!"Photonics is selling for around .43 and once the transition takes place the stock will" have equal value. Now does that mean photonics will drop to DTEC's level, not likely. The main problem with this stock is a lack of following, period, and the quote, and news services haven't been in sinc. Now you won't find any edgar filing under
dtec, that is because they are under Photonics, the companies fiscal years were different also. Anyway, this stock has a long way to go to get with JMAR, but the lack of outstanding stock and new products is a plus and the CFO was very positive. DTC DATA TECH was begun in 1979 and used to be called QUME (I think that is their old ticker).
Look don't take my word for it , go to their web site and check out the Adaptec thread. One of the holders of Adaptec stuck up for DTC DATA when another holder said it didn't Exist. The Poster told him it did and does exist and was one of the big ones in 1980, when he purchased product made by them.
Another thing, there are no PHOTONICS employees, they are all DTC DATA TECH. Now why they don't, didn't put DTC's ticker with the news release, is according to the CFO, PHOTONICS is DTC (D.B.A.) and will be under the DTC Ticker and name offically as soon as all the procedures are finished.
I don't understand it, I just know it's there and that is the way it is. Someone PLEASE call the CFO and maybe you can paint a more clear picture! The picture to me is hazy, but apparently there is a method to this madness, that is why I asked the question about the stock! I couldn't figure out why it was selling at such a discount, nothing is free, right? Apparently I stumbled onto something.
By the way Jmar $20 by Jan 98.. |
