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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today
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To: King Louie who wrote (1265)11/4/1997 9:49:00 PM
From: Martin P. Smith  Read Replies (2) of 19331
 
Bear in mind only 1 Million is cash. see the following from the 8-k.

On October 28,1997, DCI Telecommunications, Inc. signed a definitive agreement with SmarTalk Teleservices, Inc. to sell its prepaid phone card distribution contract with D Services, a wholly owned subsidiary of W.H. Smith, for $9,000,000. DCI will receive $1,000,000 in cash at the closing and shares of SmarTalk common stock worth $8,000,000 based on the price of SmarTalk stock on the closing date. SmarTalk is listed on the NASDAQ.

MArtin Smith

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