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

To: Baldwin who wrote (12401)	12/8/1998 10:59:00 AM
From: Wes Self	Read Replies (1) \| Respond to of 19331

I think the 'bill of sale' was Discount Comm's bill of sale for their original purchase of the switches. Can anybody correct this? I will say the comment of 1 billion in two yrs caught my attention. I have said several times my position was small in DCI, but I may be looking for a buying point to double down. Wes

To: Baldwin who wrote (12401)	12/8/1998 11:04:00 AM
From: george eberting	Read Replies (4) \| Respond to of 19331

DCI Telecom has a call option to repurchase its 4.25 million shares through April 1 for $18 million. If the company doesn't excercies those options, IXC will adjust the number of DCI shares it owns on June 1 if the average price falls outside a certain range. After any adjustments, IXC will own DCI shares with a minimum value of about $18 million and a maximum value of $22 million. We don't seem to have enough info yet to answer the following question I'd like to pose, but I thought I'd throw it out for discussion anyway in case I've missed something. The question is: With the number of shares to be received by IXC being subject to adjustment if the average price falls outside a specified range, isn't it possible that this arrangement will look a lot like convertible preferreds and, hence, create substantial incentive to drive the price down (for the ultimate benefit of both shorts and IXC)? GE