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


To: mark garner who wrote (13401)1/7/1999 5:24:00 PM
From: JOE MEDSKER  Respond to of 19331
 
MG,
lets hope dctc gets out of the phonecard biz entirely or they may risk the same fate.

I disagree with your opinion. Now that DCI is able to carry all of EDGE's minutes through their own lines, their phonecard business is a lot more profitable than several months ago. As I understand it, the reason SMTK's price is down so much is because the accounting dept may have gotten a little ahead of themselves with some creative numbers. This has nothing to do with the prepaid phonecard industry. There must be some profit in the industry or there would not be so many companies in it.

Best Regards



To: mark garner who wrote (13401)1/7/1999 5:44:00 PM
From: Grupo Brad  Read Replies (2) | Respond to of 19331
 
Mark,
Already saw that Joe has responded to you. Also consider that SMTK also has class action law suits pending on behalf of their shareholders accusing them of questionable accounting practices. They, in effect, were booking revenues on sold cards and not on activation of those said cards. To top it off there was a ton of Insider selling as the stock climbed into the mid 30's. As I previously mentioned, I'm sure as hell glad we had a CEO with the foresight to protect his shareholders by doing puts in the 25-30 dollar range. They still, to the best of my knowledge, owe us another million or so and is being litigated. Think of the worst scenario if Mr. Murphy had not been so Wall St. savvy!!!
"Grupo Brad"