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

To: James Harold Alton who wrote (6855)	7/19/1998 7:18:00 PM
From: Mr. Cellophane Man	Read Replies (2) \| Respond to of 19331

James, I appreciate all your digging but you write: " ... and that as a BB company bank financing options are limited." and "The only other option I can see besides the preferred would be to sell additional shares, ... ". What about the Houlihan backing based on the Muller library assets? Houlihan is still a part of the picture, aren't they? Dan

To: James Harold Alton who wrote (6855)	7/19/1998 9:12:00 PM
From: Bruce Galpeer	Read Replies (3) \| Respond to of 19331

James, I have it on good authority from Joe Murphy that the holders of the Convertible Preferred, while they may be converting shares here and there, are not and have not been our sellers. They are in this for the end game as we are also. He went back to the same source that gave DCI another preferred about 2 years ago. They lent him the money based on the business plan. That, as has been stated by Joe, is to sell off this company either in pieces or all at one time. The assets will go to the shareholders when all is said and done. That is why I am here and have been here. Joe has not resorted to floating REG-S shares to raise capital. He has done it through US based funding sources. It still appears that the shares that are hitting the market are from CC as there is no one else with that amount of volume that could keep hitting us this hard. I have seen no red flags in the annual report or any other filing from DCI. I firmly believe that the price of the stock is being manipulated by the dumping of shares by a couple of individuals. They have their reasons, which I am sure that we as loyal, or should I say believing shareholders, would not agree with. The amount of buying that has shown up to absorb those shares has been impressive though. I am not bothered and am ready for the next move north. LONG AND STRONG!!! GO DCTC!!!! Bruce

To: James Harold Alton who wrote (6855)	7/19/1998 10:28:00 PM
From: Juli	Read Replies (3) \| Respond to of 19331

James, thanks for your DD. I know that the options for raising cash are limited for a small company such as DCI. The problem is that Reg S and floorless convertibles are the worst way to do it. In my opinion, those should be used only to keep a company from going under. I don't think the people that buy these convertibles are going to be long term holders. When they can turn the money in 60 to 90 days with a guaranteed return of 25 or 30%, I think the kind of people who invest here are going to take the money and run. I repeat again, it will be very troubling to me if we find out that the Series E were actually issued during or after the buy back and dividend. Hope we find that this is all well in the past and will not happen again. I do not think that engaging in this kind of financing is justified to fund expansion no matter how good it sounds. Jewel