tsig's September number "... that consisted
primarily [ not exclusively ] of payroll, facility
costs and office operating expenses..." was included in the
3 months for GS of 983,000 +/-
Backing out the tsig month of Sept., gives a three
month burn of approx. 519,000 for GS or an annual
burn of approx. 2.8 mil. (520 * 4 quarters)
If the 464,000 monthly were annualized times 12,
that would project to a tsig burn of approx 5.6 mil
with a total of $8.4 mil which is a little less then
your $9.1 mil number.
The $464,000 number per month of Sept. isn't broken down
per the 10q and may or may not include consultant
expenses as per the previous tsig 10q. If this number
doesn't include such expenses then it is considerably
higher than the preceding quarter per month breakdown
for tsig excluding consulting fees which were per
quick crunching closer to 250 thous per month or a burn of
$3 mil annually generating an annual combined
burn of closer to $5.8 for a $1.8 short fall
optimistically projecting earnings from Affinity
per numbers released in an earlier pre-audit
and projected PR.
Your calculation assumes the Sept tsig numbers stay constant
despite in mergers typically redundant management costs
are shed. Gordon is gone, did anyone else go with him?
Your scenario also assumes the Sept number doesn't
include one time costs. The report is so vague
regarding these matters, plus what happened
to the other two months of tsig's operation during
the 3rd quarter?
Without a breakdown of the fixed costs versus
adjustable ones again we're playing pin the tail
on the donkey with blind folds since so little is known
about the basis of the Sept. number and whether or
not it is indicative and could or should be taken
a basis on which to project. But then again we're
taking about a 50 cent OTC stock, where the uncertainty,
risk and potential are inherent in the price and
level of risk one decides to take or not to take.
I'm not suggesting that either I'm right and you're wrong,
or visa versa. I am stating that there are intrinsic
fallacies per both of models our for extrapolations....
with each looking for indicators to support or
reject each other's model....or as the old saying
goes figures lie and liars figure. So not until
there is less uncertainty suggesting either increased
revenues (and/or reduced redundancies) to offset the burn
or confirmation that revenues aren't being generated
requiring additional capital, neither you nor I
can foresee the future.
Your gloom and doom prognostications
do however ignore that tigi hasn't had to draw down
any money from its agent, and hasn't been ostensibly
seeking any other means of financing.
Now, as an aside, what was interesting per the last 10q accounting
for GS, consultant fees didn't seem as nebulous
as had previously been the case for many preceding
quarters for tsig.
Like I've written before, I'd be very interested
in knowing what threatened litigation resulted in
substantial settlements for James Gordon and
Basic Investments (650 thous post r/s shares).
Upon further review, and in light of Rob Gordon's
exit, it would be very interesting to look further
at the share deals that accounted for high advisory
fees of previous quarters, and as to whether all these
options or shares were exercised and granted plus what
was actually done by some of these consultants excluding
the obvious legal, and accounting fees paid for with shares
in lieu of cash.
Interestingly though where options were granted
with vesting over a period of a couple years, many of those
options are essentially worthless, since many of
those options are priced higher than the current market price.
Anyway, we can agree to disagree, and will most certainly
will on these issues like I said using whichever figures
support your point of view.
However, I still wonder if you even know what this
company does, since you never really did appear (to me)
to understand the marketing concepts or how the b-model
has adapted to the quickly changing contours of the
paths to profit as they pertain to any internet
related entity "pure play" or otherwise.
Please in a paragraph or two summarize TIGI's current
b-model so we at least know that you know what you're
relentlessly critical of with your gloom and doom-
intent upon being self fulfilling- prophecies.
Thanks in advance.
z |
