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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today

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To: Grantcw who wrote (3851)3/25/1998 3:49:00 PM
From: Brian  Read Replies (2) of 19331
 
Grant,

I would like to assume that whatever is left from the SMTK sale is already earmarked for aquisitions. At todays current price of $34, we are looking at proceeds of $12M, subtract out $5M for the buyback and $1.2M for taxes and we are looking at using the remaining $5.8M to aquire another company.

BTW, today's action has me a little worried. The MMs have now dropped the bid down to 1.59. We are now backwards to what we were doing before ('up on rumor', 'down on news'). With news supposedly coming out tomorrow and friday and the news letter going in the mail tommorow morning, we are 'down on rumor'!

RT:

last: 1.65
bid: 1.59
ask: 1.65
vol: 130,500

Brian 'still holdin
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