Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Grantcw who wrote (12496)	12/9/1998 2:00:00 PM
From: Dorine Essey	Respond to of 19331

WAVETECH INTERNATL INC offer. 4.4 mil common stock by: yogid 1578 of 1579 WAVETECH INTERNATL INC amends offer. 4.4 mil common stock. IFN Smart Edgar News - December 07, 1998 15:44 Excerpted from S-3/A filed on 12/07 by WAVETECH INTERNATIONAL INC: WAVETECH INTERNATL INC amends offer. 4.4 mil common stock. SUBJECT TO COMPLETION, DATED DECEMBER 7, 1998 PROSPECTUS 4,456,921 SHARES WAVETECH INTERNATIONAL, INC. COMMON STOCK The securities offered hereby (the "Offered Securities") are 4,456,921 shares of common stock, $.001 par value per share ("Common Stock"), of Wavetech International, Inc., a Nevada corporation ("Wavetech" or the "Company"). The Offered Securities will be offered and sold from time to time by certain shareholders of the Company (the "Selling Shareholders"). See "Selling Shareholders." The Company will not receive any of the proceeds from the sale of the Offered Securities by the Selling Shareholders, although the Company will receive up to an aggregate of $318,250.00 of gross proceeds upon exercise of outstanding warrants to purchase 265,000 shares of Common Stock, all of which are included in the Offered Securities. The Company -------------------------------------------------------------------------------- Posted: Dec 8 1998 4:28PM EST as a reply to: Msg 1577 by BIGHEAD2001SPACEHEAD

To: Grantcw who wrote (12496)	12/9/1998 5:48:00 PM
From: Grupo Brad	Read Replies (1) \| Respond to of 19331

Grant, Bruce & I are on the phone with Richard Freeman from Wavetech right now. Bruce will put up a reply shortly addressing your concern. "Grupo Brad"

To: Grantcw who wrote (12496)	12/9/1998 7:21:00 PM
From: Bruce Galpeer	Respond to of 19331

Grant, My understanding of this filing is nothing more than required filings so that the merger can go forward. It is a registration of shares that WaveTech had to do under terms of previous agreements and contracts. I was assured that DCI and Joe Murphy knew all about this and there was no big surprise. I have been around DCI a long time and have never seen Joe or his Due Diligence team miss on anything. They are so good at finding things that is the reason that some deals have not been consummated. The terms of the merger had all of these filings worked into the numbers. Bruce

To: Grantcw who wrote (12496)	12/10/1998 10:53:00 AM
From: Rob Taylor	Respond to of 19331

Bruce, Without reading through the SEC filing, I can give you a probable on what you saw. Warrants are much like options, and are "usually" sold in conjunction with stock offerings from the company. For example, you pay a package price of $5 for 2 shares of stock and a warrant (worth some # of shares of stock)which can be bought within a defined time frame much like an option. There is a price associated with the warrant which is usually set when you buy the package. It can be a hard price, or a % of the market when you purchase it from the company. This purchasing of the warrant is what would generate the $300+k in revs. you saw for the company. Like any stock that comes out of the company treasury, it must to registered with the SEC and any restrictions removed. The S-3A filing referenced making available for sale, stock that probably belongs to insiders which has some sort of restriction on it. Otherwise it could be sold on the open market without the filing. If you go into the EDGAR archives and look up the specific filing, you will see who the individuals are that are being given this benefit, and how many shares they are selling. Hope this helps. Rob