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

To: Grantcw who wrote (15967)	5/3/1999 12:35:00 PM
From: Art Vandelay	Read Replies (1) \| Respond to of 19331

Grant, Based on my limited knowledge you are correct. I believe that in a pooling, the companies are treated as if they've always been together. So, upon completing a pooling acquisition, the financial statements are combined for the companies for every prior year of their existence. Therefore, past revenues would be higher because the acquired companies revenues are tacked on for prior years. I have to correct you on your next statement. In a purchase you only count revenues of the combined entity going forward after the transaction takes place. In a purchase, I don't think you get to restate all past periods. You may get to tack the revenues on for the year of the acquisition, but not for all past years like a pooling. AV

To: Grantcw who wrote (15967)	5/3/1999 1:27:00 PM
From: James Harold Alton	Read Replies (2) \| Respond to of 19331

Grant, Thanks for the input and will look forward to hearing what more you have to add. One thing that I was pondering, is the fact that the SEC has been closely looking at DCI for an extended period of time due to the planned Wavetech merger. It would seem logical to me, that given the close scrutiny DCI has been under that we would see some action on any concerns the SEC might have dug up. While the suspension is not a positive, I am somewhat relieved that the pooling of interest question is apparently the only issue the SEC has with us...otherwise would they have not combined any other issues with the announcement this AM? It's pretty obvious that DCI must not have known the halt was coming, or surely the timing of the excellent press release that came out would have been different. As to what will happen when our stock reopens?? Boy that is a hard call, but I plan to scare up a few $$ in case there is a major pullback, though realistically I own plenty of this one now. I am somewhat encouraged by the fact that when the 30 million $ lawsuit was announced recently that our stock actually went up and there was no panic selling. I assume that as time passes and more details come out that we will have a better picture of what to expect. James