Suzanne, thanks for the apology. In any event, the real issue is what from here on. I see still a lot of quite optimistic assessment that TSIG will one day execute. I still believe that TSIG will end up at a penny or so, and my "logical" reasoning is very simple. It does not matter how many deals are signed if the company is unable, due to lack of resources, to launch these deals. The "Learning" experience should indicate this, it costs $1 MM to launch, but due to lack of resources, follow through with the schools and closing of deals at the schools level was not possible, thus the, so far, miserable results.
TSIG is still operating in a negative cash flow mode, without investing in the necessary marketing and sales field personnel, to build such an organization is beyond the financial resources one can dream of, at least, not with the current management at the helm, thus, IMHO, this stock will continue and drift down. To the extent that financing is obtained, it is, apparently, of the "leaky floorless" variety, and thus further dilution (and possibly a soon to be announced request for increasing the number of shares authorized, as well as possibly a reverse split) is unavoidable. When the financing issue is resolved for good, or when positive cash flow put a stop to the dilution, then, and only then, one could start and consider where TSIG is going.
One thing is clear, however, all the "models " published here a number of months ago, relating to huge profitability expected, are not materializing, and the reason is simple, you need money to make money. It is a very rare situation where a concept can be leveraged to a great success with minimal funds.
Zeev
PS, I do not always stay negative in floorless situations. When the floorless is removed, it may be time to reexamine the other business aspects of this entityt. Recently I have turned bullish on other previously floorless, like VLNC, and indeed it has done very nicely since the floorless has been eliminated (theirs was also a "mild floorless"). |
