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

To: mark garner who wrote (1296)	11/5/1997 12:17:00 AM
From: Bruce Galpeer	Read Replies (1) \| Respond to of 19331

Good luck to you, where ever you go.

To: mark garner who wrote (1296)	11/5/1997 3:22:00 AM
From: Martin P. Smith	Read Replies (1) \| Respond to of 19331

Don't want to be negative but I am not sure about the original cost only being 1.5 million either. The following is from the 8-k of 9/23/97. Note the number of shares being issued ( 8,238,125 ) per para 2 for the purchase of CardCall. 6% as part of the deal (494K) 9% at $4.00 warrant price (741K) 85% on subscription @ $0.20 (7,000K ) Also note that the 1.5 mill was a previous investment. 1.2 mill repayable 120 days after demand. ----------------------------- DCI TELECOMMUNICATIONS INC 8-K Item 2. Acquisition or Disposition of Assets On March 31, 1997, DCI Telecommunications, Inc. made an offer to CardCall International Holdings, Inc. ("CardCall"), a Delaware corporation, to purchase all its outstanding common stock (8,238,125 shares) and warrants. CardCall is the parent company of CardCaller Canada, Inc., a Canadian corporation, and CardCall (UK) Limited incorporated under the Laws of the United Kingdom. CardCall is in the business of designing, developing and marketing, through distributors, prepaid phone cards which provide the cardholder access to long distance service through switching facilities. DCI has previously invested $1,500,000 in CardCall for which it received $1,200,000 in notes payable 120 days after demand. The remaining $300,000 did not have any stipulated repayment terms. In June 1997, the Board of Directors and shareholders of CardCall approved the transaction. For each 100 shares of common stock of CardCall held by a shareholder, DCI will issue 6 shares of its common stock and a warrant to purchase 9 shares of common stock for $4.00 per share on or before February 28, 2001. In addition, each shareholder of CardCall may acquire 85 shares of DCI common stock under a subscription agreement for each 100 shares of CardCall held by such shareholder on or before July 31, 1997 at a purchase price of $.20 per share. -------------------------------- Martin Smith