To All,
Just my opinion, but this is the very best news I have had about TSIG since I became a shareholder years ago. The "bashers" were and are to be expected... with their little quotes and cut & pastes of the horrors of a reverse split. I'm sorry, but I don't agree one iota. My thanks to you, Suzanne, REW, and many others for your intelligent analysis of today's PR. A $40,000,000 equity financing from one of the most prominent investment banks in the world for our little TSIG!! Don't think for a moment that they didn't dig deeply and do a lot of DD on TSIG before committing to such a large investment. It would be unheard of. And I also don't believe for a moment that they will be passive investors. There are many things that are standard operating procedure for investment banks... particularly oldline well-respected ones with a reputation to preserve... and although this is speculation, these generally include advising the company on financial matters, writing reports and disseminating information about the company to Wall Street, helping with deal making and possible acquisitions of profitable companies, etc. etc..
The talk about a reverse split is getting absurd. IMO, we are talking apples and oranges. Did these same companies (so loudly proclaimed by the "bashers") that did reverse splits receive $40,000,000 in financing from one of the most prestigious investment banks in the world at the same time they did the split... and as a precondition of the professionals (i.e.: the investment bank)? Did those companies also already have signed alliances on the table when they did their split? Did those companies also have already agreed to major contracts on the table waiting on the financial stability of the company before being signed... before their split? Did those companies have a management team in place that passed muster and the scrutiny of a major investment bank... before their split? I don't think so.
Last year we were complaining about a lack of deals and websites and a lack of execution/implementation. Well now we have the alliances started, we have major deals ready to roll, but we worried about the funding. IMO, we must get this show on the road in order to capture a major share of the market which I sincerely believe we can now do. All we needed was the funding and now we have it... and a commitment for more than we may ever actually need!!
I'll trust the professionals to make the decisions... especially ones such as this who have proven track records, impeccable reputations and a very large vested interest in TSIG's success. This is a far cry from the past PP! IMO, it is critical that we vote in favor of the BOD's recommendation so that TSIG can progress rapidly right to the top. And, IMO, that is exactly where it is going... if we vote to approve the requirements of the investment bank regarding reducing the number of common shares outstanding to whatever they have decided is necessary for the success of TSIG. Read the PRs and see what is on the table. Do your DD and decide for yourselves. And don't forget whatever restructuring of capitalization is done will affect everyone equally from management to shareholders. Yes... "My Wish List" is, IMO, well on its way to being fulfilled. Maybe it was the leap year!!
Best always,
Marty
P.S.: Interesting horoscope I had for today:
"Here is your horoscope for Tuesday, February 29:
Prepare yourself for a strange and wonderful day. This moment comes but once every four or 400 years, depending on how you count. It's still possible to turn those extravagant New Year's resolutions into reality."
For those who don't believe in astrology, remember the famous words of J.P. Morgan when asked if millionaires believed in astrology. His answer.... no, only billionaires!! |
