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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today

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To: James Harold Alton who wrote (5215)	4/23/1998 2:09:00 PM
From: Pr-Ac Man	Read Replies (4) of 19331

James: How do we know that there is no naked shorting? It is my understanding that Canadian brokers can legally short this stock, and it seems that it has been implied that American brokers can short this stock illegally if they play their hand right (I seem to recall statements regarding that). And it seems to me that MM's routinely short stock. We have been having this conversation for months now. Is this selling from Canada? Are MM's shorting us? Are Canadian brokers shorting us? Is there illegal shorting going on? Etc. And time and time again we have reached a point where we thought the selling, shorting, whatever was resolved only to find ourselves right back where we started. My question is simple and straightforward. Is there some reason why we shouldn't take possession of our certificates? If there is no naked shorting going on, then this may help us to clarify that. If there is naked shorting going on, then this may be our most effective means to attack it. Obviously, there is no point in doing this (taking possession of certificates) unless we can make some kind of a concerted effort among long-term holders. But I do think that whatever is keeping the lid on us is hurting this company (and, ultimately, the rewards to shareholders). It is costing DCI resources (time and money) to address these problems. It is certainly going to effect the leverage that we have in negotiations with prospective acquisitions. I think that Joe has made a wise move to bring the investment bankers on board, but this is, essentially, a compromise to help offset the low stock price. And it's not an equal tradeoff; it's going to cost us down the road. Please jump in here everyone. I'd like to know what you are thinking. PA

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