DCTC / FTEL / FNET Message Board

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Microcap & Penny Stocks : DCTC / FTEL / FNET

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To: Michael da Silva who wrote (1218)	9/30/1996 9:44:00 PM
From: Bruce Hoyt	of 1624

If they sell the new DCTC $10 million placement at $ 2.50 each, that will increase the float by 4 million shares. I'm not clear whether or not this includes the approx. 1.2 million shares for Muller Media. So, the new float becomes about 7.8 or 9 million shares, depending on the Muller Media payment process. Although I hate dilution, I have to agree with Brad that this is a significant step. It satisfies the requirement to find the bridge financing for the IPO and provides planned cash flow for better presentation to underwriters. And on the positive side, the sharing with RANA or others is not needed. Good work Joe Murphy and Frank Peters, keep this deal moving!!! Bruce

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