padoc on RB says:
ragingbull.com
To All. I did not expect to post again for quite awhile but, after reading all the garbage about the doom and gloom of a reverse split, I have decided to do so. First let me remind everyone that the reverse is a requirement of the investment banking firm for the company to receive the $40 Million financing. It seems very strange to me that the investment banker thinks more of TSIG then some shareholders do. If these shareholders are truly stressed out over the reverse, then maybe they should sell. It sure beats bashing your own investment. Now let's get to the reverse, how big and why it is needed.
It is my opinion there will be a 1 for 10 reverse. When the PR came out the share price was around .50. Full Nasdaq listing requires a stock to be $5 for 30 days before a company can file. All necessary information going out to shareholders should be based on the .50 figure. The company, not knowing what the stock will do between now and March 27th, cannot take the chance that the stock will remain at .50. Yes, we all hope it will go to $1, $2 or higher before then, but nobody knows if it will. Sorry Suzanne, but a 1 for 4 or 5 does not get us to where we have to be to be assured of NASDAQ. If the stock does go up to $2 or $3 before the split, then we will have a $20 or $30 share price after the split. Would anyone feel bad if that happened. I think not.
Now why do we need the reverse. First it is required. Second, we must get off the BB. Watching level II it is obvious the MM's are playing with the stock. Even with buying going on the MM's start to take it down and when they drop it to a certain point they bring it back up again. When they drop it, the MM's try to scare out the weak hands. They have been quite successful doing this. We all have read on the threads about the so called longs who have sold. I honestly feel they will be very sorry they did. This kind of manipulation doesn't happen on Nasdaq. The MM's there are of a higher caliber. Thirdly, if TSIG were on NASDAQ the investment banker could get the mutual funds and the brokerage houses to take a long hard look at investing in the company. It cannot be done with the stock at this low level. I spoke with my broker today and he said it is the best thing TSIG could do for shareholders. There are too many shares outstanding. The sooner we make NASDAQ the sooner the stock will fly. A reverse done for the proper reasons will only benefit a company, not hurt it. This reverse has, imo, no downside.
TSIG has announced many major deals and alliances with, imo, many more to come. They now have major financing contingent on the approval by the shareholders of the restructuring. Rob Gordon and the rest of the management team are working tirelessly to make this company a success. I am positive it will happen. So is the investment banker. So I say again, I urge all shareholders to vote yes for the changes. |
