To: ron forgus who wrote (16578 ) 5/28/1999 3:48:00 PM From: wd Read Replies (2) | Respond to of 19331
Last update: May 28, 1999 How does DCI resume trading? DCI resumed trading on May 17, 1999, but as of right now trading is taking place on the pink sheets. DCI has restated its last three quarterly statements to reflect the Edge acquisition under the purchase method of accounting. Those filings are available via the Edgar system. In order for a Market Maker to resume publishing quotes of our common stock, it must file a Form 15c2-11. Upon receipt of this Form, the NASD reviews and must approve it before the Market Maker can resume publishing quotations. It is our understanding that the NASD is in the review process for some Forms and has asked for additional information. After receiving this supplemental information, it has seven business days to respond again with approval or an additional information request. Therefore, DCI is still in the review process. Why isn't a Bid/Ask quote published? Before a Bid/Ask quote can be published, a Market Maker must submit a Form 15c2-11, and have it approved by the NASD. They originally had three days to come back to the Market Makers with comments. On Tuesday May 19th the NASD submitted questions to the Market Makers to answer. It is our belief that the NASD has received the supplemental information it requested. The NASD will review the responses and will reply to the Market Makers within approximately seven business days, after receipt. Please, keep in mind that Monday May 31st is a US holiday. For now, DCI will continue trading on the pink sheets. What is Rule 15c2-11? For information on Rule 15c2-11, please visit the OTCBB web page. Since you are rapidly building infrastructure, are you also adding personnel? We are currently looking to add quality personnel. In fact we are conducting a search for a president for our European operations. The ideal individual must be bi-lingual (Spanish and English) and have senior management experience with a major telecommunications company. For more information on available positions please refer to the Employment Opportunities section of DCI's web site.