Charles, Per your post:
P.S. And finally, as I demonstrate above from SEC filings to-date and the annual report
the total pref share financings converted to common shares and sold in the marketplace
over the last 12 months has been a minimum of 2,753,126 shares, the majority being the
last six months, all routed through Toronto, Canada. That is the story of the "selling
north of the border".
You have correctly pointed out that the selling which had been blamed ONLY on CC shareholders over the last year was in error, and in lacking the required information (which was my own fault for not expending additional effort on my own DD in getting this answer) on the Preferred issues I was in fact promoting that inaccuracy. I do apologize to any CC shareholders that might have taken offense to any of my postings that were inaccurate and I will try to be more careful with my facts in this respect in the future.
It has been pointed out that ALL of the C, D and most of the E shares were sold prior to Nov. 1, 1997, leaving about 368K of the series E converted shares to be sold from Nov. 1, 1997 to the present time. So this means:
1. That the bulk of the selling pressure we saw prior to Nov. 1,1997 was due to the converted Preferreds being sold.
2. That the bulk of the selling pressure since Nov. 1, 1997 was probably CC shares being sold, would you agree?
I think that you have made your point with regards to there having been other selling besides CC and if this has been corrected and set straight, perhaps we could as you suggested move on to more positive issues, all of these numbers with regards to the Preferred issues is giving me a headache. (G) As you have pointed out, you are a large DCI shareholder and I would be curious to ask you a few questions from that standpoint.
1. From the rate that revenues have grown over the past 12 months, would you feel that good progress has been made in that area?
2. Do you feel from a fundamental basis, that the underlying value of your shares has increased over the last 12 months?
3. What is your opinion concerning the current fair market value of our stock at this point in time based on comparisons to other similar companies if we assume for this example that Locus and the TimeWorldCom JV have been closed? (it is expected that about 34 million shares will be out at that time)
James |
