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


To: grw5 who wrote (11747)11/28/1998 1:51:00 AM
From: Colin Cody  Read Replies (1) | Respond to of 19331
 
George, you are far more correct than you are even stating here!

Regardless, there's no point worrying about it one way or the other.

FACTS: Calling in your certificates, does us DCTC investors NO HARM

It may or may not bring some BENEFIT.

Therefore if you are a long-term holder, WHY NOT call in your certificates? I hold most of my long-term stuff at home. I don't trust brokers, shorters, clearing agents. Ever have your broker go outta business while he still has your certs? Not pretty! Colin



To: grw5 who wrote (11747)11/28/1998 11:04:00 AM
From: James Harold Alton  Read Replies (1) | Respond to of 19331
 
George, If want to stop rehashing our differences, then I suggest that you stop responding to my posts. If you would like to avoid future discussions such as this then I also suggest that you be more careful in the future about attacking (as opposed to questioning which is fine) group efforts such as the cert. call which appears to be helping both our current stock price and perhaps (my opinion only) even the companies ability to negotiate the best deal for the sale of DCI in the future. Lots of people have questioned the pros and cons of a cert. call which was a good thing as we all learned a lot and the group consensus was that it would be good for our stock and the company is backing that decision. If anyone has any specific concerns about the cert. call, then lets discuss them, but to blatantly attack such a group effort, especially one that appears to be working makes no sense IMO. You seem to be concerned that you could not sell your shares at some point if you wanted to and that is why you don't want to call your shares. From what I have been told, we should all be able to sell even our called shares at any time if we wish, but understand that there is an important difference here, because the shares I am calling for myself are for the end game, hence this is not a big issue for me if there turned out to be some delay in getting those shares or whatever. Now in an earlier post of yours, you indicated that the reason you opposed the cert. call in the first place, was because it would "spike" our stock and that the "Level 2 people" would be there taking the profits while pumping and dumping the stock. Well I will tell you ahead of time, that if there is a big massive spike above $10 that I WILL be selling some shares, and I don't need level 2 in order to do this. If this happens I will also be putting money back into this stock when it needs support on the backside of such a spike and NOT selling into the fall. Now per your post:

Third, no one has responded to my comment regarding the cusip changing with this merger or
that shorts will all have to cover at that time. If I am correct in this, then ALL shares would
have to be accounted for and ALL short positions would have to be covered at the same
time in order for the DTC to clear the books and issue the new stock certificates. This looks
like a much better way to handle short positions. JMO

Yes, there will be a CUSIP # change as of the Wavetech merger as I understand things, and yes, at that time every single share that is short must be covered. You claim to NOT want this stock to spike, and yet it is pretty obvious that if ALL shares shorted are forced to cover at once that this will produce the largest spike of all. It is much better IMO to begin forcing the shorts to cover NOW and to keep that pressure on to force continued buying and support for DCTC over an extended period. Having our price up NOW is much more likely to help us more than one massive spike at the time the CUSIP # change occurs...would you not agree?

As to people choosing whether to trust what is posted by various individuals that frequent this BB, that is strictly a personal issue for each one of us and not for either you or I to say. But since I know many of the posters personally, their words on the BB are no different to me than in person so it sounds just plain silly for you to indicate that because it has been posted on the BB you can't trust it. Words regardless of the medium are only as good as the person behind them period. Therefore it is always wise IMO to first question the agendas and intents of those that post, until time shows which can and which cannot be trusted.

James



To: grw5 who wrote (11747)11/28/1998 4:54:00 PM
From: Timbo  Read Replies (3) | Respond to of 19331
 
How could a certificate call "not work in the long run??" What a stupid statement, bordering on the imbecilic.
Can you support your statement (cert. calls don't work) "based on my own experience", through the use of graphs, charts, or reference to
a particular thread? Or can you not support this statement, the same way I asked Colin weeks ago to support his statement of having seen stocks shorted to 200% of the float?