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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today
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To: george eberting who wrote (6918)7/20/1998 6:42:00 PM
From: Bruce Galpeer  Read Replies (2) of 19331
 
As far as the dividend and buyback go, those monies came from the SMTK deal and nowhere else. It seems as if everyone forgot that DCI made over $9 million from that deal. The dividend paid out was no more than $350k for both together. That would be the max. number of shares at the time that both were issued added together then multiplied by .01. As far as the number of shares you stated george, at the time the 22 million was quoted that would have been if all outstanding options and warrants were exercised. The actual outstanding at the time was just over 14 million. Now add in the EDGE deal and more CC options being exercised and you arrive at the current total of over 19 million. EDGE, being just over 4.2 million, makes up the majority of the addition. I have read the annual report front to back more than once and have yet to see any red flags. The share expansion is not out of sight. Revenues are meeting expenses except on the capital expenditure side of things as in the expansion for CyberFax and DCI Europe and possibly money for EDGE. The Conv. Pref. are done in the normal course of business to meet the capital expansion needs. NO REG-S HERE!!! Everyone needs to make their own decision and even with the best of information may not be happy with what they see. Oh well...later all.
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