To: Bob Smith
From: Jeric
Wednesday, Apr 15 1998 12:31PM ET
Can you please post this? I have not paid my $125 and SI will no longer let me post messages.
I e-mailed DCTC (Joseph Murphy) and just received response
a back from them. I have deleted my name from correspondence to
maintain privacy.This response has renewed my faith in DCTC and their
long-term strategy.
Thank you,
Jeric
Sent to: DCITEL@aol.comATTN: Joseph J. Murphy
April 13, 1998Joseph
J. Murphy,
President DCI Telecommunications, Inc.
303 Linwood Avenue Fairfield, CT 06430
Dear Mr. Murphy:
RE: Short Selling of DCTC
I am a shareholder in your company. I have been very impressed
with the commitment of DCTC management to both agressive
expansion and dissemination of company information to shareholders in
recent months. However, given the very promising acquisitions announced
recently and the stock buyback program, why has the price
of DCTC remained stagnant? There are rumours on various
message boards that DCTC is being shorted in massive quantities by certain
market makers. If this is true, what action has DCTC
taken to correct the situation?
I will post a copy of this message on various
message boards devoted to DCTC and its shareholders.
I, along with many other shareholders, look forward to
hearing your response to this critical issue
Here is the response:
Thank you for your interest in DCI Telecommunications. DCI
has a team of accomplished professionals that provide support services
for such problems. We already have Morrow & Co. on retainer.
Among other things, Morrow provides stock watch services.
Within restrictions, short selling of a stock is legal and cannot
be stopped by a company. If illegal shorts are being conducted,
DCI would notify the proper authorities to take action.
The best defense against short selling is for a company to
make itself stronger, growth in sales and earnings. The growth should
gain recognition within the investment community, sparking interest in
the company's stock. A rising stock price should weaken a short
position, forcing them to cover the short, thus placing additional
upward demand on the stock price. Again thank you for your interest in
DCI.
Sincerely,
Daniel J. Murphy
DCI Telecommunications203/380-0910 |
