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

To: Timbo who wrote (13053)	12/23/1998 1:17:00 PM
From: JOE MEDSKER	Respond to of 19331

T, <<<<It is my understanding that the date of record will be 'for a date which has already passed'. >>>> Somehow I don't think the above is correct. It does not seem logical for the date to be one in the past. If the company is sold all shareholders on record as of the record date for the voting will IMO be eligible for the exchange of stock. Best Regards

To: Timbo who wrote (13053)	12/23/1998 1:47:00 PM
From: JOE MEDSKER	Read Replies (5) \| Respond to of 19331

T, I have been asked to inform everybody that Paine Webber has been instructed to deliver to the Murphy family a certificate for approximately 2 million shares of DCI. Joe wishes all of us a very Merry Christmas and a Happy Hanukkah. Best Regards

To: Timbo who wrote (13053)	12/28/1998 2:50:00 PM
From: Rob Taylor	Read Replies (1) \| Respond to of 19331

Timbo, You may be absolutely correct about there not being any warning re: the sale, but as to the dates of record and mechanics of the conversion, there are some things to be considered. First, and this is only my opinion since I have not read their Articles of Incorporation, the shareholders will have to vote on whether or not they accept an offer on DCI. I don't believe the date of voting ownership can be retroactive to some time prior to the announcement of pending sale. To do so would allow the company to play favorites with who might be able to vote. Consider how you would feel if they set the date prior to your purchasing your shares. As for your question ..."Now, what happens to the shareholders who purchased on the 16th through the 23rd? I'm going to presume that they only get the price which it ends up at the close of day, on the 23rd. At least this is my understanding, and I don't want to be on the sidelines when the Big Bang occurs.. " They have freely trading shares just as you do, with no restrictions. If a company made an offer for let's say 75% of the company at $10/share with the $10 price going to the first 75% of the shares offered, what do you think would happen to the price of the remaining 25%? They would increase to the same $10 offering price. The reason is simple . The acquiring company doesn't want the remaining shares to go down because their value in DCI would go down, and should they wish to sell the shares, would lose money. Not something most companies like to do. If the acquiring company has purchased a good "fit", then the remaining 25% of the shares will go up in value, not down. Actually, purchasing part of a company is a major headache for the acquiring company, particularly if they want to fully integrate it into theirs. Multiple BOD's, SEC reporting requirements, dual sets of books, staffs etc. I've been through that play. Not something I would do again. Besides, Joe has said he wants to sell the company, not part of it. I suppose we will see soon. Best, Rob