DCI Telecommunications - DCTC Today Message Board

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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today

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To: James Harold Alton who wrote (16249)	5/11/1999 9:03:00 AM
From: WISDOM MILES	Read Replies (1) of 19331

Hope this Trading Halt be worked out in shareholders' advantage. Read 05/07/99 news prnewswire.com "..The former(The Travel Source) was restated via the filing of a 10KA for the fiscal years ended March 31,1998 and March 31,1997 to the purchase method of accounting, pursuant to an earlier request by the SEC......" Why did DCI Tele not to address the EDGE acquisition when it was requested by SEC to restate The Travel Source issue? It might be that DCI thought EDGE is qualified as "pooling of interest"? but if DCI even didn't mention EDGE acquisition when it was requested to restate another acquisition, then it might be the explanation why SEC suspended DCTC trading without warning. On the other hand, hope SEC will let DCTC go after DCI Tele confirmed it would do as SEC instructed it to do and follow SEC rule more carefully in future. From all public information I could read, DCI Telecommunication is a Real company with fast growing pace in prepaid, long distance and now in internet business. It had estimate of $40 to $50 million revenue in 1999 fiscal year ending 3/31/1999.This kind of revenue is significant in OTC BB world. And It seems DCI has been following SEC rule better than lots of OTC BB companies(Report status and the on time filing). Also if POOLING of INTEREST method is still valid and Edge qualifies for this method, then I think SEC will be reasonable enough to clear the matter after its research. Good Luck for all. WM

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