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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG)
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To: Stuart Schreiber who wrote (180)5/7/1998 7:52:00 PM
From: AJ Berger  Read Replies (1) of 44908
 
The following quote is from a post on CIS Investors Forum:

>>>Yikes, it sure is quiet around here. Perhaps we're waiting to
hear the big boom when TSIG hits absolute bottom once and for
all.

I'm in TSIG at $.29 and became slightly alarmed at its downward
spiral. Yesterday, I checked out the stockprofiles.com site and
found out that TSIG had filed a 10KSB on the 15th. In the 10KSB,
the accountants express the opinion that TSIG may not be a viable
concern. The loss for '97 was $.70 per share. There's less than
half a million in current assets, and there are $5.5 million in
acounts payable. The liquidity crisis is rather immediate.

To be blunt, I was pretty ticked at the gap between all the hype
coming from the company and the sorry state of affairs protrayed
by the 10KSB. I called VistaQuest (PR firm) in New York and
talked to Bill Kabash. He says the company needs to raise $6
million dollars soon and is in the process of arranging a private
placement. He said it was known the company would report a
loss in '97 and it was decided to take every expense legally
allowable in '97. This overstates the loss in '97, but should also
enhance the profit in '98. He said the teleservices section would
be profitable in the 2nd quarter. He is particularly excited about
the newly acquired business of selling CD's on the Internet and
feels the recent jump in Internet stocks is an indication of the
company's potential. He admits the risk is very high, but has
recommended TSIG as a buy for those who can tolerate this risk.

So, who to believe? The accountants, the PR firm, or
management. It seems to me there are 2 critical questions: 1) can
management raise $6 million quickly enough to cover the
immediate cash needs? and 2) will the teleservices business and
the Internet CD business be profitable enough in light of the
increasing number of shares outstanding? Please jump in if you
have anything to add to this interesting dilemma. <<<<<
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