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

To: James Harold Alton who wrote (4899)	4/15/1998 6:35:00 PM
From: LT	Read Replies (3) \| Respond to of 19331

Hi James, The rumors that have been flying about DCTC have been bugging me. I didn't know exactly what was being said so it made it difficult to address. The copies of the emails I have received were from a variety of sources but have one epicenter as far as I can determine. Here's the latest I've gotten.......Joe sold shares last year and didn't file..........here's the real story as I remember it. A year or so ago DCTC was buying CardCall which was strapped for cash in a big way. DCTC had just come out of a 504 and didn't want to run another private placement to raise cash because of the dilutive aspects of such an offering. Joe thought he could solve CC's problems with $300,000 to $500,000 dollars. He sold his personal shares that he was allowed to sell under the dribble rules and infused the $$$$ right back into DCTC. If I remember correctly, he sold them in 2 separate offerings and put 1 year lockups on them. If you will look in the June 30 statements, you will see where this loan is located. Judging by the price at that time, that sale would translate into 150,000 to 250,000 or so shares. Nothing that was done was improper in any way and because the transaction was private in nature, 144's did not have to be filed by the company. For the record, I called Mr. Murphy to verify this with him as I didn't want to be reporting erroneous facts. He told me that my memories of the events were basically correct and that due to all the commotion, he would be filing a form 4 to alleviate any doubt as to the transaction. MY OPINION: Nothing done here was illegal and in fact, Mr. Murphy loaned the company $400,000 or so of his own personal money just to keep the shareholders at that time from taking another hit from a dilution standpoint. If he had sold these shares for personal gain, I would find this disturbing, but since he was actually acting as a personal banker for this company, I no problem with this transaction what-so-ever. I know of no other transactions of this nature that cause me concern as a shareholder. If this is a major concern for you as a shareholder, I suggest you take leave of this stock. ps. Mr. Murphy did say that he will not be posting under directions from the lawyers at this time...... Thought you'd want to know..... Lou