To: Mr. Cellophane Man who wrote (4202 ) 3/31/1998 6:42:00 PM From: MICHAEL J ZWEBNER Read Replies (4) | Respond to of 19331
To all SI readers and DCI shareholders, ======================================= I have watched in agony the past few days as you all discuss and try to analyse the current state of play vis a vis the company, and in particular the posts relating to the "ZWEBNERS".(whom you seemed to have unjustifiably branded as the cause of all the current share price problems) In particular, I am finding it more difficult by the post, to understand if you are happy, angry or just confused as to my brother and my actions. So I'll attempt to clear up a few issues. 1. I never hyped the stock. I made personal and positive statements relating to deals I was working on on behalf of the company, and which was information that was being disseminated by other company officers as well as by official corporate press releases. 2. The record will show that in the first 3 weeks of January 98, during the time I made many posts that related to the projected positive performance of the company, and MY PERSONAL HOPES AND PROJECTIONS for the future, I neither owned nor sold one single share of DCI.(FOR THE RECORD, ACCORDING TO DCI, OVER 3 MILLION SHARES TRADED OTC-BB IN JANUARY) 3.Although I am not requiered to disclose or file a 144, I feel that informing you of real facts is the only way to answer the questions, and to eliminate the unfair statements currently being posted on the SI; I did excercise some share options subscriptions belonging to some UK CIC shareholders, and sold some shares in the month of February, (totalling not more than 40,000 shares at an average of $1.90) some of the proceeds of which were used to (in addition to my brothers loans) inject short term loan funds into Cardcaller Canada Inc, ($29,000), and other funds were used to repay some shareholder loans back in the UK. 4. Having had a major difference of opinion with Joe Murphy as to policies relating to the Buyback Program (publicly aired) and the share dividend program, and others issues relating to how I personally was being dealt with, my association with the company became untenable, and after much agony and heartache and major sense of despair, I officially resigned from the company in whatever capacity I was assumed to be, effective February 28th 1998, in a letter sent to JM dated February 24th 1998. My brother and I stand TALL for what we have done, we stand to be accountable for ALL our actions, and it is for you the shareholders to remember thre fact that we worked for 8 years to build up the Cardcall business, sold/merged it with DCI in February 1997, and have yet to arrive at the time that we will have the rights to sell our shares, even though we brought in over $12 MILLION (current value) in cash and shares (Smartalk deal) as well as the (today closed ) Joint Venture Canadian deal with DATAWAVE SYSTEMS INC. Part of these $12 million funds are currently being used by the company to BUYBACK YOUR SHARES. Lastly, if you wish to know why we sold some shares in ther open market rather than back to the company, the reason is simple. The company offered us $0.75 cents a share, (in a letter sent to me in January) the market got us $1.90 per share.. PURE ECONOMICS ! I end this post with the hope that this detailed response answers some if not most of your questions, and that the management of DCI need no longer have to deal with this, and can now get on with the job of building the company for the benefit of all shareholders. If however any of you still have questions, feel free to email me direct at ZWEBNER@BIGFOOT.COM and I will try to reply as quickly and best as I can. Good luck to all Michael J Zwebner