SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : 360Networks - TSX - TSIX
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: blaireo1 who wrote (180)5/12/2001 11:00:43 AM
From: James Calladine  Read Replies (2) of 449
 
WHAT REALLY IS THE TSIX SITUATION?

I don't really know enough about the situation to be able to comment intelligently, but I suspect that the TSIX situation is something like:

-- hugely ambitious plans (probably too ambitious)
-- many different pieces of construction needing to be finished
-- not enough money to do that
-- Business Plan revenue expectations based on things actually having been completed
-- Actually achievable revenue much less because of unfinished sections
-- Huge competition in selling bandwith from existing better financed players willing to almost give away the capacity (at least for a short time into the future)
-- Some competitors actively interested in killing off TSIX who would be primarily interested in the death of TSIX and sale of its assets
-- Prospective customers unwilling to commit to a financially suspect company
-- Nobody in sight big enough to bail them out
-- Survival plans not credible to banks and others who might be called upon to help

As I say, this is just my "guesstimation" of the situation from what I have read.

I would value the comments of people who know about the ACTUAL situation.

Never have been an investor in TSIX to this point. Admire their balls, but even at $1.70 it feels to me that the possibility of $0.00 price is greater than the prospect of a
$17.00 price.

Maybe I am too greedy. Maybe I am too chicken-hearted.
Maybe I have already lost enough in the last 12 months to make me more circumspect!

However, I would like to have comments from people who know
what REALLY is going on.

Best wishes,
Jim
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News