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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today -- Ignore unavailable to you. Want to Upgrade?

To: Baldwin who wrote (16982)	6/25/1999 9:11:00 AM
From: charles catlett	Respond to of 19331

I know I don't know much...but I just don't get it. What has happened? arrrrggggghhh.

To: Baldwin who wrote (16982)	6/25/1999 9:31:00 AM
From: Dorine Essey	Read Replies (1) \| Respond to of 19331

ITEL was on the NAZDAQ. It is now on the OTCBB. Dorine

To: Baldwin who wrote (16982)	6/25/1999 12:36:00 PM
From: dch	Read Replies (2) \| Respond to of 19331

It's interesting that the net result of the exchange reversal is a reduction in ITEL's total asset value of "$1,421,684". I take that to mean ITEL was ahead on the initial deal by that amount. In other words, subtracting the value of the ITEL shares from the value of the DCTC shares resulted in a residual per DCTC share value of $2.468 (2-4-6-8: who do we depreciate?). Assuming ITEL must assign zero value to their shares, DCTC shares have (had?) a current value of $2.468 or, whatever the value of ITEL shares, DCTC shares are (were?) worth $2.468 more. I suspect I'm misunderstanding something.