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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today
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To: Bruce Galpeer who wrote (7257)7/31/1998 8:32:00 AM
From: hoopsville  Read Replies (1) of 19331
 
According to an old Joe Murphy post, DCTC gets to count all
the gross revenues from a 51% owned entity.

Message 3412606

To: Pr-Ac Man (2777 )
From: josrph j murphy
Thursday, Feb 12 1998 11:10AM ET
Reply # 2781

Dear PR-acman:
In accordance with GAAP(generally accepted accounting principles)when a company owns more than 51% of an entity that company is allowed to reflect on it's books the gross amount of the sales and operating expenses(by line item) and in one line pull back the minority interest(49% of the sales and earnings net). Our real aim(publicly stated) is to capture the canadian market for prepaid phone cards and then proceed to the next step.
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