To: Juli who wrote (9147 ) 10/9/1998 1:18:00 PM From: James Harold Alton Read Replies (1) | Respond to
Juli, I agree that getting the series F off the table is very important and no doubt a significant factor in the shorting. I don't however believe that it's something that has to be taken care of immediately. It's my impression that DCI has quite a few options for raising (we may actually have this much on hand, but would prefer to just keep that cash available for day to day operations) the $$ to buyback the series F and getting in too much of a rush could end up costing us. I can imagine that raising 100 million $ in the current market will be hard, but I cannot imagine that raising 3-4 million could be very difficult for a company with about a 50 million $ run rate and no debt, and I believe that there are several other options available to raise that amount of cash. I think that the most important thing that all of us can do to help control this short, is to avoid any panic selling. We are all concerned and rightfully so, but unless I am missing something critical, this company is quite solid. I would just recomend to anyone that is considering selling to first take some time to really check out the company and what they currently own before pulling the trigger. I find it reassuring (and I am sure quite frustrating to the shorters) there has not been any panic selling, it's my opinion that most of the shares of DCTC are owned by shareholders that do know what they own. If the shorters cannot get OUR shares to cover with, then they will eventually have to go to the market to get them and in doing so should drive the price. I am betting that when this happens, that we will be surprised at how much buying has been sitting on the sidelines..
