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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today

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To: steve phil who wrote (16079)	5/4/1999 3:51:00 PM
From: Grantcw	Read Replies (1) of 19331

Hello all, I've been speaking with a few fellow employees of mine who are also CPAs. Another tidbit that may be of interest is that there are a certain number of qualifications a company has to meet with the form of its acquisition in order for it to qualify as a pooling. If a company meets many or all of these qualifications, the auditor will probably let the company use a pooling. If, on the other hand, the company's acquisition doesn't meet any of these qualifications, it would be very hard for the company to push a pooling past the auditor. I have no knowledge of the specifics of the DCTC transaction, but it might be possible that DCTC's acquiring of Edge was a transaction that met very few of the pooling qualifications, so few of them in fact that the SEC decided to make an example out of company's that get away with doing a pooling with no basis. Maybe that's a plausible explanation of why we're getting different treatment than other firms. That's my best guess, but I have no idea exactly what happened. Give Murphy a majority of the 2 weeks to give us a press release. We can't do anything now anyways. Grant

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