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

To: Colin Cody who wrote (3141)	2/28/1998 11:00:00 AM
From: josrph j murphy	Respond to of 19331

Dear Colin: We still have all of them!We even monetized them by placing "puts " on them at $25 PER SHARE.WE DID THIS TO PROTECT OUR DOWNSIDE.We then borrowed against the puts,which has enabled us to make sure the buy back will be completed.This transaction has enabled us to purchase all our switching equipment in Europe outright and place huge deposits with the PTT's over in Europe fot the use of lines.In addition,we will be able to bring cash to the table for the WorldPass acquisition thus reducing the stock portion of the transaction.After that we have plenty left over to move on other acquisitions.People forget we have a joint venture with Datawave,on the prepaid phone card side, which just announced record earnings .Investors have asked why have our number of shares increased-no big secret -see last yrs announcement for the CarCall acqusition.I'm just as frustrated as everyone else with respect to the stock but if people,.like some of the cardcall shareholders, want to sell to make peanut profits let them .As I have stated publicly I'm in this for a much bigger payout and know what is going on and how much this company is really worth in light of the oral offers being made. Have a nice day ' P.S.by the way,nobody staked us to $150 million like they did with SMTK. but thats OK we are on the way now.