To: sammaster who wrote (4163 ) 1/30/1998 11:20:00 PM From: LT Read Replies (1) | Respond to of 4489
Hello Samir, I'm not Mr. Murphy but I think I can answer some of your questions. We currently stand between 14 and 14.5 million as best as I can determine. The increase in shares is directly related to the performance of CardCall and the sale of one of the CardCall contracts. Since those shares were contractually performance based, it comes as no surprise to those of us that are long time shareholders. Personally, I'm glad they came to market as they had to be EARNED by CardCall. The fact that they created some overhang is just a market fact investors have to live with. It is only the short term trader that has problems with overhang as once it is gone, the price will once again seek a more fair value level. Some of the people letting go of their shares are people that formerly had non-tradable shares. They decided for their own personal reasons that they wanted their $$$ and that was their right. If you can find fault in people wanting to cash in a 7 bagger, so be it. If they choose not to go on with what some of us here think is a great company, it is their choice and I can't speak for them. Investing is a personal decision and that's the way I want it to remain... By your line of questioning, it seems to me that you really don't understand what this company is all about. DCI is a merger and acquisitions company. Mr. Murphy uses shares for bargaining leverage to grow earnings and revenues. I've been with him for almost 2 years now and he has yet to give away the farm on a deal. In fact, if you will trace the history of his deal making, you will find that he's been a tough negotiator. He bought CardCall for some 1.5 mil and recently sold 1 contract from within that entity for a reported 8.5 million. The stock taken in on that transaction is currently worth over 10 million after close today. With that rate of return, I hope his next deals create the same problems for us.(G) M&A companies almost always use stock as cash while they are on the grow and DCI is no exception. When the day comes that we are looking at 100+mil in revs, I'd love to have 30million outstanding..... I hope this helps explain some of what is going on.... Lou