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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today
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To: Bruce Galpeer who wrote (3189)3/3/1998 10:37:00 AM
From: josrph j murphy  Read Replies (3) of 19331
 
Dear Bruce:
You are correct.Our publicly stated goal is to build a profitable company and sell it in whole or in part.In the Telecom industry today buyers have been applying multiples to the sellers
revenues.They go anywhere between 2 to 6+ times revenues.A perfect example is what we sold the London contract for - five(5) times annualized revenues.
Since we formed the JV in Canada we have had expressions of interest from four different companies using the standard multiples.
If you look at a) that situation,b)our present book value(at Cost),
c) the unrealized appreciation from the SMTK stock, d)our present
revenue base(excluding the JV)and the WorldPass revenues times the
standard multiplier divided by our shares outstanding you will
readily see that the current market price is pure fiction and does not reflect the true worth of this company.When we do sell
I will not announce a letter of intent but rather announce that a
definitive agreement has been signed and that shareholders(long term supporters) of a "date gone by" will reap the benefits and not the short termers who are interested in making peanuts.The transaction
will have been done and those who are in will be the winners.
Best Joe
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