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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today
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To: DavidCG who wrote (4756)4/10/1998 5:28:00 PM
From: James Harold Alton  Read Replies (2) of 19331
 
David, I have been ocassionally calling DCTC's tranfer agent for a year now and cross checking with what I expected via the info I have been getting from the company and in EVERY instance the number of shares actually outstanding has agreed very closely. The drop in the number of shares outstanding over the last month is proof that what has been stated about the buyback being active is true. You have apparently as I have been burnt by other companies that were floating shares without the knowledge of the shareholders and are sensitive to this issue. I think that if you had been closely following DCI for a longer period and were more aware of the consistency of DCI's mangement in regards to being honest with it's shareholders and understood that Joe Murphy has publically stated his goals in regards to how when this company makes it his shareholders will as well, you would realize that intentional share dilution is not an issue here. Also, trying to micromanage the number of shares out and draw conclusions is not really practical since we have no way of knowing until filings when shares are issued for employee incenitive plans, when options are excercised and a host of other possibilities. Joe has stated for the entire year that I have been with DCI that if every option/warrant were exercised that we would have 21-22 million shares out. We should be expecting to see that number of shares outstanding currently climb as time passes, mainly due to options being exercised. If we go over those numbers without and explanation then we can worry. Until then I am not going to be bugging the transfer agent every few days/weeks.

James
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