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

To: Jumpin Joe who wrote (3476)	3/12/1998 11:13:00 PM
From: Pr-Ac Man	Read Replies (1) \| Respond to of 19331

JJ Your effort in compiling this info with analysis is appreciated. Every time I reconsider where we are and where we are going, my convictions are only strengthened. I think newcomers will also find your discussion useful. Thanks again. PA

To: Jumpin Joe who wrote (3476)	3/13/1998 2:41:00 AM
From: Big Bee	Respond to of 19331

JJ, excellent analysis and well researched. Hard to argue with your numbers or assumptions. Can our 1-month wonder now counter with a logical, well-researched analysis showing the company to be over-valued? I won't be holding my breath. Intelligent people know who has the credibility here. When I look at what revenues have been and try to forecast what future revenues will be, I've been burned enough by other small stocks who've had "pie-in-the-sky" forecasts to take company projections (even this one which has a CEO who does what he says he will do) with a grain of salt. So I tend to look at things in a very conversative, "worst-case" scenario type of way (assume no greater than the historical growth rate, give little credit to unproven revenue streams, etc). I'm not saying this is the most accurate or best way to do it but it keeps me out of trouble (sometimes). Earlier I posted such an analysis (see post #3007) and the result was 28M. Doing the 2 to 4 time revenue valuation as JJ did, you get a value between $56M and $112M. Dividing by the 22 million outstanding shares gives $2.54/sh to $5.09/sh. These numbers are based on the present revenues from CardCall, Muller Media, DCI UK, WorldPass, and DataWave. I DID NOT INCLUDE CYBERFAX NOR THE PROBABLE REVENUE INCREASES FROM DCI UK AND WORLDPASS. I agree that the company is undervalued and believe there is little downside risk at the current price of $1.75/sh. Greg

To: Jumpin Joe who wrote (3476)	3/13/1998 8:45:00 AM
From: JOE MEDSKER	Read Replies (1) \| Respond to of 19331

JJ, Joe has stated on numerous occasions that before the WorldPass deal the total shares outstanding if all warrants and options took place would be about 22 million as you stated. This can be found on EDGAR. There will be about 3 million shares issued for WorldPass. However I believe the company will repurchase them when CardCall Canada is sold. As I type this AGE is sending shares they have taken in to the transfer agent to be reregistered as Treasury Stock. The company has taken in a little more than 850000 shares. What we are seeing is an actual decrease in the float and the total number of outstanding shares. Based on my conversations with Joe I would estimate the total revenues for the next fiscal year to be about $75 million. This would come from existing operations plus what is in the pipe line. Thanks for a great report. Best Regards