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: Parker Benchley who wrote (15947)	5/3/1999 11:49:00 AM
From: Grantcw	Read Replies (1) \| Respond to of 19331

Man! That news was not what I was looking for today. As I said before, I have too many shares of this puppy... Pooling of interests is a type of acquisition accounting that is more aggresive than its counterpart, purchase accouting. It's fairly common now adays, though it will die soon if the Financial Accounting Standards Board has anything to say about it. I haven't seen too many SEC investigations concerning poolings. Maybe the rest of the telecom sector has overwhelmingly used purchase accounting recently? It's not as big of a deal as SmartTalk's wierd revenue recognition policies, but still I'm betting we're down pretty big when trading resumes barring some miraculous phoenix from the ashes sale of the company during the two week span. At least the halt will free up some of my time from watching DCTC's ticker! ggg Grant

To: Parker Benchley who wrote (15947)	5/3/1999 11:51:00 AM
From: Bill Brogan	Read Replies (1) \| Respond to of 19331

George-- I tried taking a few of those deep breaths but I still feel like I'm going to vomit. I can't believe this is happening! Yet, for some unexplainable reason, I feel like this will only be a temporary hit to us because of all the apparent new business DCI is involved with (that's why I haven't actually vomited yet...). Owning this stock has been good for me in that it has made an otherwise very impatient guy learn to be more patient (although I did originally buy this stock to capitalize on something other than life's lessons). Oh well. --Bill

To: Parker Benchley who wrote (15947)	5/3/1999 12:03:00 PM
From: De Peepster	Read Replies (2) \| Respond to of 19331

Dear George, "At the very least we have a definite date from the SEC to resume trading." I do not intend to be knitpicky, but I do not read that as a given. Am thinking of SOC-Sunbeam ( not as an example of the extremity of financial issues )they had a date it was extended at least once. I have gone back and found a few various "releases" and there is no clear language ( to me anyway ) of SEC statements and how they word things. My point is this, lets not start looking at another date again, these things can and do change.,,,, Barbara P.S. If people want to vent, so be it, we all know who is a reg on this thread and who is not. People are justifiably miffed and baffled.