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


To: eugenic1 who wrote (2749)2/11/1998 8:55:00 PM
From: TIK  Read Replies (2) | Respond to of 19331
 
Roger,

I'm missing something and really would like a answer to a simple
question.

If the company making such great deals and the value per share will
surely increase to follow the increase in revenues, why wasn't the
company buying every share it could lay it's hands on? Especially
inlight of the fact only 39,000 shares traded, you will have a very
hard convincing me that there is a seller with a truck load of
shares just piece mealing a few shares at a time.

It looks like co. that has a stock drifting with very little
interest!

If I had $5,000,000 to purchase DCTC I sure wouldn't wait until
stock went up in price, and give some FLIPPER a profit. It would
be just giving money away, when I thought the idea was to get as
many as cheap as possible!!

By the way the price bounced here all day, and there was no movement
the last 1/2 hour.

Company must be waitng until price of $5 so they can only buy
1,000,000 shares instead of 2,500,000 !!!!!!!!!!!

Makes since doesn't ???????????????

Tom



To: eugenic1 who wrote (2749)2/12/1998 1:45:00 AM
From: James Harold Alton  Read Replies (2) | Respond to of 19331
 
Roger, My understanding is that the company is willing to buy it's own shares back because they are so undervalued at these levels that it's a smart way to spend some excess corporate cash, not to provide a means for a quick flip or to "prop up the stock". The timing of those purchases is up to management as has been stated. I can tell you from the looks of the TL the last couple days that it has been obvious that the company has been doing some buying and I have sure been glad to see it. I feel that Joe is doing what he said he was going to do and sure do appreciate the companies help in drying up these "soft shares". It's going to be really fun IMO when this stocks price finally starts to catch up to it's fundamental value.

James