Hi Toni, Your a part of our BB too! Thanks for your input and
questions. We are fortunate to have a lot of good people on this BB,
that contribute what they can and it makes for an interesting and
informative mix IMO. It's nice that we seem to be working more as a
group towards a common goal these days. Most of us seem to be here
for the long term, so for that group we all have the same "destiny"
with respect to this investment, so it seems natural to me that we
should all seek to find some common ground here and try to enjoy the
ride. (G)
There are times when you can expect to get a fill on an order for
DCTC below the ASK, but I don't think that this is one of them.
(G) We seem to have had a steady stream of buying coming in for
the past 3 days, soaking up OLIE's $1.75 shares. As Lou mentioned,
it appears that the MM has been told to sell them at the $1.75
level. If a significant seller were to come in, you could still
get filled. I picked up a few more shares today myself, but had
to pay $1.75 for all of them which is still only about 1/3 of what
they should be costing me. (G)
Here is a list of the Cardcall shareholders and their original holdings:
List of CC Company Shareholders
CORE GROUP
Timber Participations Ltd. (Whyteburg SA) 2,710,000
1231912 Ontario Inc. 1,532,500
Overseas Communications 1,201,500
Johnathan Greenwood 375,000
Total Core Group: 5,819,000
(70.64 %)
FOUNDERS
Anthony Heller, in trust 368,500
David Heller 331,500
Hart Properties Ltd. 330,000
David Richman 250,000
Admiral Investments Limited 180,000
Charles Trovato 20,000
Mendy Goldberg 5,000
Total Founders: 1,485,000
(18.03 %)
MINORITY
Nobuyuki Oda 30,000
Shinichi Otawara 10,000
Yuichi Ozaki 10,000
Maurice Brenig, in trust 150,000
Elaine Salter 30,000
Betty Frieberg 20,000
Vivian Mermelstein 20,000
Greengro Corporate Services, in trust 20,000
Barry Sutton 10,000
J. Barnett, in trust 10,000
Price International Inc. 10,000
Barry and Marlene Cohen 10,000
Irving Mergel 10,000
Jerome Goldman 10,000
Kenneth and Franca Rubin 10,000
Marvin Goldman 10,000
Norman Stollman 10,000
Richard and Nola Baris 10,000
Jared Goldman 5,000
Firm Capital Mortgage Corp. 5,000
Richard Litsiger 5,000
Robert and Anita Marino 5,000
Cullen Trading Ltd. 120,000
Proteus Investments Limited 50,000
Elmrise International Limited 50,000
Kenny Tibber 50,000
Tadworth Property 25,000
Balchan Trustees Ltd. 20,000
Ray Conway 17,500
Raymond Rohrbach 15,000
Union Baincaire Privee 15,000
William George 15,000
G&G Wholesale Ltd. 12,500
L.S. Tish 12,500
Silver Pine Holdings Ltd. 12,500
Stevenson Brothers 12,500
Biata Bray 10,000
J. Raven 10,000
Maurice Alberge 10,000
Minton Holdings Limited 7,500
N. Crowley 7,500
M. Rodin 7,500
L.H. Crawford 5,000
M.J. Harroway 5,000
P. Wolf 5,000
S. Leigh 5,000
S. Stewart 5,000
Tessa Drummond 5,000
Andrew Millard 2,500
David Redmile 2,500
Jane Jordan 2,500
Mr. and Mrs. Harvey 2,500
Sally Wolchover 1,875
Vince Waterman 1,250
Monte Schaffer 1,000
Total Minority: 934,125
(11.33 %)
TOTAL ALL SHAREHOLDERS: 8,238,125
As you can see there were a lot of shares involved in the CC
acquisition. A good many of these have been sold, but I don't
know of anyone that has an exact total. I can give you my
estimate, but don't take this to the bank: (G)
CC shares I believe have been sold to date:
1. Original unrestricted shares given to CC shareholders: about
500,000
2. .20 options exercised through 3/31/98: 2.8 million
3. Rough estimate of additional .20 options from 3/31/98 to present: 1 million.
4. Unrestricted shares given to minority CC shareholders last November: about 500,000
Total estimated shares sold: 4.3 million
Total of all CC shares: 8.3 million
Unaccounted for:.............4 million
less 750,000-$4 warrants:
Less unissued future options: 1-2 million?
Adjusted estimate of CC shares that could be sold at present: 1,250,000-2,250,000.
I have been told that there are some CC shareholders that are
holding all of their shares and will be reaping the same rewards
as the rest of us. That group would reduce these numbers by
some amount..take a guess. (G)
Obviously these numbers are very rough, but I do believe support
a conclusion that the worst of the selling is behind us. The way
I see it we have 2 factors coming together to conclude the CC
selling once and for all:
1. The simple fact that the bulk of those shares have been sold
already.
2. I believe that once we reach the point where it becomes obvious
to the street that Joe has a very good chance of selling DCI for multiples of where our stock is currently trading, I believe that
we will see waves of buying that come in will overwhelm the
remaining CC selling.
As to when this will happen we will just have to wait and see, but
the potential rewards of doing so seem to justify the risks IMO.
(G)
James
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