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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today
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To: James Harold Alton who wrote (6855)7/19/1998 10:28:00 PM
From: Juli  Read Replies (3) of 19331
 
James, thanks for your DD. I know that the options for raising cash are limited for a small company such as DCI. The problem is that Reg S and floorless convertibles are the worst way to do it. In my opinion, those should be used only to keep a company from going under. I don't think the people that buy these convertibles are going to be long term holders. When they can turn the money in 60 to 90 days with a guaranteed return of 25 or 30%, I think the kind of people who invest here are going to take the money and run. I repeat again, it will be very troubling to me if we find out that the Series E were actually issued during or after the buy back and dividend. Hope we find that this is all well in the past and will not happen again. I do not think that engaging in this kind of financing is justified to fund expansion no matter how good it sounds.

Jewel
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