Zeev.
Regarding PNLK, people's preference not to buy
internet services were what imo doomed the revenue model.
Your reasons were irrelevant especially as those ideas
pertained to the cost of bulk mailing, since that wasn't
even the marketing strategy. So please don't let your
oversized ego get any bigger then it already is.
Now when you mention PET.com and many other etailors
like EGGs that always itemized revenues in their
balance sheets (before backing out costs of goods sold)
to give inflated gross rev numbers while, at the
same time, grouping TIGI in with this group of excessive
cash burners, you again seem to entirely miss the
point of what TIGI's model tries to accomplish....
The whole reason PET.com and KOOP.com have closed
and others like EGGS and PCOM may also do the same, is
that the costs of marketing for these respective
companies, dependent upon direct marketing, required
exorbitant amount of dollars to be spent to obtain
and retain customers with the incentive being
slim or negative margins.
EGGS, CDNW, PCOM, AMZN and PET.com and others have
burnt through hundreds of millions of dollars ANNUALLY.
TIGI's model isn't depended upon these high
direct marketing costs, and has relatively
burnt through little cash.
Whether TIGI's model will ultimately work or not,
I don't know. However, unlike many other internet
companies, TIGI still is in business, and per today's
news release still seem to be on track to
close their acquisitions albeit with a longer
time frame. Also per the last 10q, the commitment
from the IB is still in place, irrespective of
your rhetoric. Whether money is ever drawn, or
needs to be drawn under terms unfavorable,,still
has yet to be determined. Since no money has been
drawn yet, either the need for cash isn't as dire
as you present or the money is unavailable....
Though again TIGI unlike KOOP and PET.com still
has its doors open and TIGI hasn't been trying to
obtain alternative financing. Contingent upon
RIMC being acquired is access to the IB's money.
Per today's release, RIMC is still in the mix.
Kevin Harrington has a very good track record.
Jeff Bruss is very young, and has had his
youthful indisgressions. Unlike yourself,
neither has had to ever shamelessly solicit
SI members for venture capital.
Maybe Harrington's success when and if it comes officially
on board will be contagious.
What has seemed more apparent than anything else is
that irrespective of the business type, businesses
need time to succeed or fail with many hurdles
along the way. As with biotechs in '92, probably
85 to 90% of internets will also be busts. So
any one can be negative and equally as prophetic as
yourself...the odds are in your favor, even if
your reasoning is, at times, very suspect.
So...time will tell.....though the only thing
I'm certain of is that when
and if TIGI closes its doors, your big ego
will be here on this thread taking credit
and telling people you told them so.
z |
