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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today

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To: Parker Benchley who wrote (8919)	9/30/1998 9:31:00 AM
From: JOE MEDSKER	Read Replies (5) of 19331

GWB, >>I guess my concern is that if all these releases say to an intuitive investor that the stock is grossly undervalued, why would these CardCall people sell at under a buck? Something tells me there are other forces at work here.<<< I have posted on numerous occasions that both Michael and Charles Zwebner have started their own companies. In most cases, start up companies require an infusion of capital to run the company until revenues start coming in. The DCI web site indicates that the name of Charles's company is Teledebit Corp. and Michaels new company is Vidiocall which is a public company. In looking over the information on Vidocall I found they were raising money by selling shares at $1.00 per share. About half of the share holders of Videocall were major shareholders of CardCAll. My supposition is simply that these share holders sold and are selling their DCI shares to invest in Vidiocall. The following information which came from a private offering memorandum dated 7/28/98 (this is a public document) IMO supports my beliefs. The following list of people were major share holders in CardCall and the number after their names represents the number of shares they hold in VideoCall Michael J. Zwebner 2,000,000 Charles Zwebner 400,000 Michael Hilsenrath 100,000 Overseas Communications LTD 2,000,000 Whytburg SA 3,000,000 There are other investors is Videocall that may have also sold shares of DCI I just listed the obvious ones. The above number of shares represent a lot of money and in a nut shell I believe they sold DCI to acquire their shares. But, this does not necessarily mean there is any wrong with DCI. I have also stated on many occasions the above people IMO are entrepreneurs and have no desire to have their futures determined by the board of directors of DCI. They all made a lot of money when they sold CardCall to DCI and they more than likely will end up selling Videocall in the same manner. Best Regards

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