To: Mr. Cellophane Man who wrote (6596 ) 7/7/1998 5:29:00 PM From: LT Read Replies (2) | Respond to of 19331
Hello Dan, I don't know where you are getting your buyback numbers but I think you are a bit short in the amount DCTC has already spent. At 2.3-2.4 million shares repurchased already, I'd have to figure with the Muller shares in that count, that the buyback couldn't have more than a few hundred k at most left to spend if anything at all. Personally, I'm not here for a buyback and as to who the seller is, we agree, it really doesn't matter who is selling as long as it isn't a corp officer. On the PR front, if I thought DCTC was going to be a corporate entity 2 years from now, I could see the use of a good PR firm but with the company being built to be sold, I don't see the need to shell out between 4 and 8k per month. We had one before and they didn't seem to be of much value(they almost blew one deal for us) and yet they came highly recommended. There was a time that a good PR firm might have been able to make us some contacts that would have been beneficial to current shareholders but I think that time has passed......IMO...... As to the current price.......it is pitiful......I've been looking at several companies within this industry, and they ALL are selling at better prices than DCI. Each has differing reasons but one fact remains constant.....the selling overhang that has been on top of this stock since November is the reason the price is where it is. If those people had been willing to play this out, we would have all been greatly enchanced. They didn't....it is just that simple....in the mean time, the company continues to improve on a fundamental basis so I'll just keep hanging out with my holdings...... Take care... Lou