Hi Everyone, (Too many names to mention individually)
I just got back to London and had to read some 90+ emails and posts relating to my last post withdrawing from the threads, and I was so emotionally struck by all the messages of goodwill and pleadings for me to return, I decided to ignore the ""GET OFF THE BOARD "" wishing investors, and go with the majority of more sane investors, and GET BACK ON THE BOARD...
Anyway, I am on my way to Toronto for a further 3 week stint to complete the Canadian Consolidation. For those of you who are unclear as to what we are doing in Canada, refer to Joe's post (4356) to Joe Medsker whereby he explains to some degree the company's plans.
I had mentioned in my previous posts, look out for a major big deal in Canada, and this is now in it's final days of completion. Press releases are scheduled for this week.
The Canadian deal is by far the largest the company has undertaken, and will add major revenues and profitable margins to DCI, as well as a potential huge windfall in cash on its planned sale, which is scheduled for later in the year. The cash, (apart of what Joe wants to give back to the shareholders) will be used for further growth !
All you wonderful investors should remember that the aim of DCI is to grow revenues and profitable margins. This can, should and will be accomplished by mergers and acquisitions, as well as internal growth.
IMHO, the company buying back its stock, whilst it works, is a short term fix for the stock price. The long term solution is for us to continue to work and deliver the mergers, acquisitions, joint ventures etc that will bring up the company's revenues to my previous projections, and then and only then IMO will we see the stock price rise to new heights, AND STAY THERE. (To compare, and for those of you interested, look up the history of SMARTALK TELESERVICES INC, and see how their stock price has risen and continues to rise, in relation to their EVER increasing revenues, and margins.)
Also, look at the history of the stock of DCI prior to the merger with Cardcall of February of last year. $0.30 cents to more than $5.00. Up and down, no long term stability. Now, look at the period post the Smartalk sale, (November 1997) the level has mainly fluctuated between $1,75 - $2.50. Many shareholders who came in at the begining of the company 's history and bought shares at prices ranging from $0.30 to $1.50 have traded out, and taken their profits. A whole new league of shareholders have come in at prices ranging from $1.50 - $3.00. So the new average level is probarbly around the $2 - 2.25 point. This means that when the stock falls to below $2.00, many investors BUY more shares to either lower their average buy in price or just accumulate more of the good stuff...
I have said it to Joe and the board and I'll say it to you. The company needs to concentrate and deal with its business, buy, acquier, merge etc and build the business. Let the share market do its own thing. If the investors see and feel that the company is growing and that it will continue to report healthy quarterly results, and show real revenue growth and corresponding margin growth, THEY WILL NOT SELL THEIR SHARES, in anticipation of better times coming !. That and only that will raise the value of the stock.!
I, my brother, Joe and ALL OF US AT DCI are dedicated to building the business. THAT..... is what you investors should take note of.
I hope the above post will be seen and recognized as a fair and true statement of our corporate intentions, NOT HYPE.
MJZ |
