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

To: Juli who wrote (6837)	7/19/1998 2:59:00 PM
From: Mr. Cellophane Man	Read Replies (1) \| Respond to of 19331

Jewel, You write: "I hope that someone will ask Joe Murphy at the meeting if this is going to continue." I hope we find out before then (and get an explanation for why they were evidently considered necessary). Do you have Bloomberg's March issue on-line? If so, are there any snippits you could copy w/o violating copyright rules? If not, could you paraphrase a synopsis? I need to understand them better. Dan

To: Juli who wrote (6837)	7/19/1998 3:25:00 PM
From: Pr-Ac Man	Read Replies (1) \| Respond to of 19331

Jewel: Something doesn't seem right here. Why would DCI spend $5 million for a stock buyback if they are going to turn around and issue $2.75 million in deflated stock shares during the same period? Also, I haven't seen evidence of these shares based on the running account of outstanding shares that has been confirmed over recent months. My recollection is that all the increases we have seen in the float have been accounted for by stock options for CC and the Edge deal. Am I missing something? I'm not saying that you are wrong, but could you provide the references for these filings. Thanks PA

To: Juli who wrote (6837)	7/19/1998 3:52:00 PM
From: Pr-Ac Man	Respond to of 19331

It is perfectly clear to me now why this stock has been so depressed the past year. Jewel: I have one other concern regarding your allegations. If, as you suggest, these floorless convertibles are the obvious reason for the weak price action, then the logical conclusion is that Joe Murphy has either been lying to us or he is inept. He has stated numerous times over recent months that he has been as baffled at times by the price action as the rest of us. If issuing these addition shares has been the primary reason for our problems, how could Joe not know that? Again, please don't misunderstand me. I'm not trying to discredit you. But let's get the facts here before we draw our conclusions. I have already submitted an e-mail to Dan Murphy regarding this matter, and I asked him to respond directly or through someone that can post here. I have a full day of work tomorrow, so I won't be able to follow up. But I'm sure some of you will take the initiative. PA

To: Juli who wrote (6837)	7/19/1998 4:02:00 PM
From: JOE MEDSKER	Read Replies (1) \| Respond to of 19331

J, I discussed the common shares issued from the the convertible stock with Joe some time ago and I believe Joe told me the shares have a one year hold on them. Best Regards

To: Juli who wrote (6837)	7/19/1998 5:05:00 PM
From: James Harold Alton	Read Replies (1) \| Respond to of 19331

Juli, I have wondered if there wasn't a better way to raise cash than by issuing the preferred, but understand that before the Smartalk deal DCI needed to raise cash, I don't think that this is a real issue for us now. As to being in a "death spiral" how can this be given that a doubling of our shares has resulted in about a 10-12 fold increase in Revenues? Yeah the conversion rate of the Preferred isn't pretty at these prices, but it isn't a fatality either IMO. It's my understanding that the convertible was issued in the US and it's illegal to short BB stocks here. Also since the shares converted are in the US suspect that we would not have problem with the holding periods. If you come up with factual data to the contrary, bring it to the BB and we can discuss it. James