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


To: Baldwin who wrote (16239)5/9/1999 2:04:00 AM
From: James Harold Alton  Read Replies (3) | Respond to of 19331
 
Baldwin, No significance to the form 5's recently filed? How about the last paragraph on some of these?

Options for 50,000 shares were exercised and all shares were used by the
company as security for an equity financing transaction. Effective January 5,
1998 control of all shares was passed to the financiers. No consideration was
received by the reporting individual for the transfer.

Options for 200,000 shares were exercised and all shares were used by the
company as security for an equity financing transaction. Effective January 5,
1998 control of all shares was passed to the financiers. No consideration was
received by the reporting individual for the transfer.

Unless I am missing something (always possible (GG)) it looks to me like some of the officers have been putting up their own personal shares as collateral to infuse capital into the company.

James