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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today
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To: Juli who wrote (6837)7/19/1998 5:05:00 PM
From: James Harold Alton  Read Replies (1) of 19331
 
Juli, I have wondered if there wasn't a better way to raise cash than by issuing the preferred, but understand that before the Smartalk deal DCI needed to raise cash, I don't think that this is a real issue for us now. As to being in a "death spiral" how can this be given that a doubling of our shares has resulted in about a 10-12 fold increase in Revenues? Yeah the conversion rate of the Preferred isn't pretty at these prices, but it isn't a fatality either IMO. It's my understanding that the convertible was issued in the US and it's illegal to short BB stocks here. Also since the shares converted are in the US suspect that we would not have problem with the holding periods. If you come up with factual data to the contrary, bring it to the BB and we can discuss it.

James
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