DCTC / FTEL / FNET Message Board

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Microcap & Penny Stocks : DCTC / FTEL / FNET

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To: Dennis Lance who wrote (1463)	10/13/1996 3:27:00 PM
From: Martin P. Smith	of 1624

Good point the following paragraph explicitly states that this is cash to consumate the deal. "On April 15, 1996, the Company signed an agreement with Franklin Telecom Corporation (FTEL - OTC Bulletin Board) of Westlake Village, California, whereby DCI will acquire 40% to 50% ownership in Franklin's wholly-owned subsidiary Franklin Datacom, Inc. based upon DCI securing certain capital infusion for the subsidiary. The intention of this financing is to consummate that transaction and grow this subsidiary, to be named FNet. Also it is the intent to do an Initial Public Offering (IPO). " The way I see it is that there must be some form of contract in place the exact nature of which I am not sure of. Bear in mind that the original contract hosted-www.ftel.com detailed two requirements for DCI Telecom (see Paragraph 4). 1) the capital infusion 2) the securing of a lead underwriter or the IPO Let us not forget that the lead underwriter appears to have been selected ( see earlier threads ) and the companies are doing some additional paperwork before the underwriter is announced. As always JMO based on my ongoing due dilligence. Martin

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