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

To: Baldwin who wrote (12442)	12/8/1998 2:33:00 PM
From: Grupo Brad	Read Replies (3) \| Respond to of 19331

Hi Gang, Kathy Knight-McConnell (Investor To Investor) just spoke with Joe Murphy and found out the following information. "Grupo Brad" I spoke for about 20 minutes or so with Joe Murphy today and here is the gist of the conversation which Joe gave me permission to share with my readers. First, the update I sent out on the IXC SEC 10Q was correct. Joe said that he definitely will go after the secured note collection and that he is already moving against the assets of Discount Communications. He said he did not take on the debt which was written off by IXC. That DCI assumed the debt for only a nanosecond and now owns the note. He said he wants nothing to do with running Discount Communications and only has the interest in collecting on the note and the use of the assets and switches. Joe said that he has less interest in that part of the deal then in the need to move quickly to work with IXC to correct the problem that came with the shutting down of Discount Communications. They are issuing new cards with free minutes to make up for the few days that the system shutoff caused inconvenience to all of the card holders during the shutoff. IXC is providing the free minutes. Joe said he needs more right now to concentrate at this juncture on the Harris switch needed tomorrow in New York, and the $2 million switch for Europe that needs to be put in place to take advantage of the new agreement with IXC as quickly as possible. These switches will help to accelerate the revenue stream coming in. He wants to get out all of the kinks quickly and efficiently. He also said that he would never have been able to buy a fiber optics system for $15-22 million, it would be impossible which is why this is a great deal. He got the use of one the best fiber optic systems in the world for a fraction of what it would have cost him to build his own, and saved a lot of time and money in the process. DCI will be filing an S-4 with the SEC in the near future in regard to the WaveTech merger, which is going forward full steam. He said that he is pursuing a dual path for listing between the NASDAQ and the AMEX, but he prefers the AMEX because it is a more orderly system and will cut down on some of the nonsense from short positions. He wants to increase the value of the shareholders as quickly as possible. He promised he won't sell the company for less than the $10 per share target price and he has already been contacted by an investment banker interested in helping him to find either an acquisition candidate or a partnership. He said if things go forward as planned the price will be much higher than $10. DCI is definitely an acquisition target due to this new ICX agreement and in a much better position to command a higher price. Particularly once all of the switches and fiber optics pathways are in place. DCI will get a full refund for the fiasco on the conference call from AT&T. Joe also said we may see another quiet period sooner than later. And yes the agreement with IXC did signal the end of the quiet period as he has been negotiating with IXC to take that 13% position in DCI and to have access to the fiber optics system for months. The Discount Communications situation gave Joe the leverage he needed to close the deal in DCI's favor and it was definitely a bonus. So he can either collect the money or close in on the assets, it is just not the priority at the moment. Kathy Knight-McConnell Investor to Investor imall.com Disclaimer: Knight-McConnell Information Retrieval Service and Investor to Investor Newsletter is not nor does it claim to be a licensed stock broker, analyst or financial advisor. This service and newsletter has been set up strictly to provide research information. I and my research helpers take no responsibility for decisions made by individual investors based upon information provided. 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