I just added Bob's replies to the list of questions...I like them!
I don't have time right now to go through all of this and put
it together in a better form. But I wanted to show some other
additions and comments that I have clipped from some messages.
So here's the stuff.Let's see what we can reword, change and
add.
Questions:
1) What "specifically" have The Wall St. Group and Vista Quest done in
terms of PR for the shareholers' interest? Couldn't be a whole lot.
2) Are they considering (even remotely) a reverse split of the stock
and if so will they inform our group of such with enough advance warning.
3) What exactly has Ray Dirks done for the stock, is doing currently
and will do in the future. DETAILS PLEASE!!
4) Can we trade our common shares for some of those nice prefered
ones. <grin...with a wink>
5) What is the cash "burn rate". That is, how much cash is being used
up in the opeations of the company in excess of earnings?
(I estimate about $2 million per year).
6) Since the firm has only about $1 million in actual cash or about
three to six months worth of money to continue opeations, what
additional financing arrangements does the company plan?
(I am assuming they continue to burn more cash than they can earn).
7) What plans does the firm have to sell or spin-off the Telecom
operations?
8) Who recieved the series Q stock..?(who are the consultants)
9) What is the conversion rate and restrictions for each stock class?
10) When the MRL division is spun off, will there be some form of
dividend paid..stock, cash etc..?
11) Other than the CA incident is ISGI aware of any legal issues that
could effect the company ?
12) How do they expect to pay for Acquisition's in the future?
13) Is CA closed down for new business only? meaning do they still
receive revs from existing accounts? and if so how much?
14) Does the Alliance with PCS allow TWT to sell local telephone to
CA customers
15) Where did ISG get the cash to by Financial Group Inc? and what
does a "Net Office" mean?
16)
**start new stuff
> This is some answers to above questions...words of wisdom from
> BPLewis...
>
> BTW: Have some answers to some of your ?'s on post #1880:
>
> 4. No! :-(
> 6. LOC approved for up to $50MM based upon 1 1/2 times monthly
> rev.
> 7. None.
> 10. Yes
> 11. None. CA is being settled for $400K which is being
> reimbursed by Resellers who committed wrong-doings.
> 13. Y/Y/$1.51MM/mo
> 14. Yes, in one year.
> 15. Total $$ was $100,000 + Pru gave $50MM LOC to fund mortgages
>
> Good things happening wk of 9/3. Watch the news!
>
> End of Bob's answers...
Some of the questions, such as 5, 6, 8, 9, should be directed to
others in the company, because they do not need the president for
an answer. Others, such as 11, 13, 14, should be addressed
specifically to the head of TWT. Displaying too much impatience
with the lack of movement in the stock price just demonstrates
the greedy nature of the short-term trader/investor. How many of
those who are "in" right now, would bail if the price moved up to
$1.50? Plenty, I'd bet. A company president cannot effectively
manage for the long haul if he is preoccupied with the day-to-day
price of the stock. The stock price is but one indicator of the
value of a company. However, it is not the sole reason for its
existence, although we sometimes feel that it should be,
especially when our own money is going along for the ride.
These thoughts are not directed at you, Mike. Just thinking out
loud. I agree with John Flint, that patience should be the order
of the day. Thinking in terms of months instead of days or hours
helps to put things in more realistic perspective.
Just to give everyone something more to shoot at, in addition to
the above comments, here is another question for Mr. Lents:
Should common shareholders be concerned about the large number of
convertible preferred shares that are outstanding now? and, if
no, please explain why.
Mike, I'd like to see question number 11 be a little more specific.
Maybe include references to the other states involved in slamming
issues (was it FL and NC?) and the status of any suits associated
with those.
Lets hope that Mr. Lents has learned his lesson in hiring INEPT
PR firms that contribute NOTHING to the stock. If anyone gets
through to him make sure this practice ceases!!
**end new stuff
Suggestions:
A) Another possibility: compile the list and invite Mr. Lents
to a live SI discussion... of course, we would have to make
certain we would be dealing with the REAL Mr. Lents.
B) I still think that the meeting should be pushed for Lents, but
it would be fine to have Kelman or others in on it. It is
common for the CEO to not have all the answers himself. But
he still should be the main "mouth".
Lets get to work and buff and add! Then get it ready for Seth. I
think this is what you call...ask "20" questions.
Mike Sawyer |
