To: WISDOM MILES who wrote (9410 ) 10/18/1998 9:32:00 AM From: Dean Dumont Read Replies (3) | Respond to
All of these conversations are interesting. What I would really like to know and possibly find out ranges from how big do we think the short is to how many shares have the Zwebners and Daly's of this world have sold. Since they are required to report their shares as they are being sold, what type of relationship did they have with the old transfer agent that would give them the opportunity to have the legend lifted off their stock? Where are all their filings, Daly must be below his 5% mark and still hasn't brought the reports up to date prior to that. Zwebners, if they received shares under the " REG S" my question is where did they finance DCTC? Last I read Joe and his wife sold shares and put that into Zwebners CC deal. Did Zeebner pocket that money or did he pay the bills. I think their personal accounts and other assets should be searched. Reg S shares are only for funding, so where is there $$$$ to DCI? Those shares have a two year legend on them and even under the new rules they will still have to report to the company what they have sold. And if they are selling 144 shares, to fund this new company of theirs, What is it exactly they are thinking? ZWEBNER and DALY have a slight problem in reporting requirements and now from the conference call, it seams to me that they have a new company. Does anyone remember the symbol, I'd like to go looking around into that company and see what filing statements and other reporting requirements they have missed on. Someone mentioned on the conference call that they did a private placement, can someone find the news? And since they did a private placement what kind was it? If they did do one, I'd like to see the registration they filed for certain disclosure requirements. Since they cannot file on DCI's what makes us think they are on their own company? I highly doubt that they are even up to speed there. But, this would explain that money flow. They do a private placement, how many shares did the Zwebners and the Daly's take down in it themselves and where did they get the funds. Last I heard, Mike Zwebner had open bankruptcy in the UK. If this is true, I think the London authorities would like to know about this. Also, if they did take a large piece of some private placement, we should be able to figure out a rough estimate to how short the Zwebner's and Daly's are.
