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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today
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To: Juli who wrote (6859)7/19/1998 11:18:00 PM
From: James Harold Alton  Read Replies (1) of 19331
 
Juli, I appreciate your concerns and would encourage you to do some research and contact the company with regards to your questions. I am not sure that I would agree with you that issuing the preferred was the companies worst option for raising cash. Yes the initial cost is high, but consider that with this option there are not ongoing debt obligations to service and that assets of the company are not tied up (making it a mess I would imagine playing the M/A game) as collateral.
Also, consider that if the group that Joe placed preferred with 2 years ago had sold those shares, do you think that we would have used them again? If we can assume that this group has held all of the shares from the Series C, then the position that they have is so large that they could not hit the exits if they wanted to, since they would crush our share price. And unlike the CC group, this group didn't get those shares by paying for a .20 option, they still have a lot to lose if they hurt our price. Bruce's explanation makes sense to me and agrees with what I learned about this earlier. You seem to be implying that there are better options for DCI to raise cash, what are they? Let us know if you learn more about this, just consider taking the open minded approach that Joe Murphy is taking what he feels are his best options and that we do not have all of the facts to be able to judge him on that point. In other words, research first, panic second. (G)

James
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