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

To: Grantcw who wrote (6880)	7/20/1998 10:34:00 AM
From: Dean Dumont	Respond to of 19331

Grant, thanks for fielding that one. One other thing, when a warrant kicker is attached to a preferred offering it is usually because its going to convert the stock as restricted and its a choice the company will make at the time of signing the agreement. These shares from the preferred offerings your reading in the annual report are restricted for one year from the date of conversion to common. Remember no matter the amount, when the warrants are attached and exercised the company receives the proceeds from the exercise and warrants are usually cashed out so the stock isn't effected generally. It may not be alot but it helps in offsetting any hit to the balance sheet as well. Floorless preferred offerings if done wrong are damaging. Not in this case. The discounts look good. These are more along the lines, from how they read as capital project financing anyway. So whom ever the takers were knew they'd be getting restricted shares.