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

To: Mr. Cellophane Man who wrote (6836)	7/19/1998 2:15:00 PM
From: Juli	Read Replies (5) \| Respond to of 19331

TO ALL I don't know why this didn't jump out at me in previous filings, but I really hadn't realized that DCI was issuing such a large amount of floorless convertibles to fund operations. From February 97 through March 98, they issued 2.75 million shares based on these convertibles. The first two batches were issued with a conversion of 70% of market after 90 days and the last was 45% at 77 and the rest at 80%. If you want to understand what these floorless convertibles do to a stock, get a copy of Bloomberg's March 98 issue and read Death Spiral Convertibles. Not only are these share usually dumped back on the market for a quick profit, but in most cases the buyers of the convertibles short the stock to drive the price down to reap an even larger profit. This is not good. I hope that someone will ask Joe Murphy at the meeting if this is going to continue. It is perfectly clear to me now why this stock has been so depressed the past year. Just wish I had been paying more attention or I would not be in this stock as deep as I am. Jewel

To: Mr. Cellophane Man who wrote (6836)	7/19/1998 4:15:00 PM
From: Colin Cody	Read Replies (1) \| Respond to of 19331

DA, I don't believe I had anything to discuss with ernie about any of his "opinions" whatever they might be. I set the record straight that there would be a mailing of the annual meeting, per usual, and that for someone to state the fact that the Company was not going to do a mailing, was ludicrous. Plain and simple. For you to suggest at this time that you often actually AGREE with what ernie has to say, is surprising considering the arrogance of ernie's erroneous statement and his failure to retract it on his own... But you are entitled to your opinion, just don't have a coronary when your proxy arrives in the mail. (g) . if people don't follow companies via forums like SI, then they should bug the IR departments of all the companies they own to find out about things like annual meetings. Well re you have the gist of it. Of course you are being factious when you say you should rely on forums like S.I. for such info, and you exaggerate in saying calling the Company telling them you are planning to be present for the annual meeting, and would like the date and time, and a recommendation for a place to stay, is "bugging them". . Of course some stragglers do just pop into an annual meeting after reading the mailing they got in the mail, but it never hurts to talk with the Company before hand before making the trip. I have found, without exception, a warm welcome when calling to set up arrangements to attend annual meetings. . Colin