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

To: Parker Benchley who wrote (2941)	2/19/1998 11:08:00 PM
From: LT	Read Replies (1) \| Respond to of 19331

Hello George and Everyone, Was on the phone with Bruce da can't get online man and we were going over some of the numbers from the 10-Q. We were wondering about the numbers and decided to see what could find.....I think we found some of the rev's and thereby eps that we thought might come in this Q but didn't. All figures are general vicinity<G>. Accounts payable were down 2.1mil, participation payable was up 400k while accounts receivable were up 320k. I hadn't thought about the way our phone/fax bills are handled. Minutes used are paid 30+ days after the fact......duh......the SMTK stock is booked as received value not current value which is about $6.50 per share to our benefit. Although total current assets appear to be down from 14.2mil to 13.6 mil, the SMTK stock in current value would put us around 15.1 mil.....prop and equip dropped from 1.3 mil to 600k and depreciation dropped as well. There are several items that we as non-accountants do not currently have a handle on. I hope CC will enlighten us further with his take on the situation...... TTYL... Lou