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


To: JOE MEDSKER who wrote (13159)12/30/1998 5:49:00 PM
From: Bill Brogan  Read Replies (3) | Respond to of 19331
 
Joe--

I called my broker today about requesting the certificates and learned some information that, at least for now, kept me from ordering them. I'm sure this is obvious to you but for someone like me who's never experienced anything with stock certificates I was interested to learn that if they mail me the certificates then the value of those certificates is removed from the account. So how could I "sell" my DCTC (if I needed to) if I don't have anything in the account? My earlier questions on this topic were answered with folks saying you could put an order in with your broker to sell the stock then just get the certificates mailed to them within 3 days. But my broker said as soon as they mail the certificates they have no value or relationship to my account anymore.

Can somebody explain how I could retain the flexibility to sell DCTC at a moment's notice if I'm holding the certificates? Thanks.

--Bill

P.S. The unfriendly broker asked me why I wanted the certificates and I explained how we wanted to prevent the MMs from manipulating the price and possibly create a short squeeze and he became even more unfriendly!



To: JOE MEDSKER who wrote (13159)1/4/1999 12:56:00 AM
From: Bob Smith  Read Replies (1) | Respond to of 19331
 
I am 90% certain the current QP is the result of serious negotiations
with several suitors.
We must be prepared for Joe not accepting any of the bids but if
he doesn't we should at least find out what he turned down.
So, we might exit the QP with news other than a
buy out but as I said that is why we entered it.


Joe, was this rush to a new QP a mis-judgement or did something
truly go wrong? I bought several thousands of shares based on
the prospect of what was told to me regarding this particular QP.

Bob