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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today

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To: James Harold Alton who wrote (7576)8/6/1998 11:36:00 AM
From: Lee Bush  Read Replies (1) of 19331
 
James: Thank you for your hard work on this share mystery. I did receive an e-mail from CZ who offers the following information:

Approx. 6.9 MM CC options exercisable at .20.
Approx. 4MM have been exercised into shares to date (8/6)
Approx. 1.4MM shares sold to date over the last 10 months.

I assume the above figures would include one or more of the other three entities in the core group. If Wyteburg exercised 2.3MM, then that leaves 1.7 MM for Ontario, et. al. The 69K per month rate could account for something north of your 508K shares over that period, so it would appear that Wyteburg is not the only entity converting and selling the shares, if we can rely on his figures.

Lee
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