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

To: george eberting who wrote (4358)	2/5/1998 6:55:00 PM
From: Brian	Read Replies (1) \| Respond to of 4489

I think it means that they were only interested in putting the money up to fund the buyback.... 9% on $5M is about $38K a month ... which is a lot of moola in anyone's book. Just my $.02 Brian

To: george eberting who wrote (4358)	2/6/1998 8:21:00 AM
From: JOE MEDSKER	Respond to of 4489

GE, Joe was establishing a business relationship with PW that was supposed to cover a number of business transactions one of them being the buyback as well as monetizing the SMTK stock. What Joe was referring to is this, to protect his back side he has been buying puts on the SMTK stock which I'm sure has been profitable for PW. They evidently put a low priority on the buy back for one reason or another. Buybacks probably are not their strong point, but when they made their pitch to Joe it was not made clear. Just my opinion of course. Best Regards