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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG)
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To: JEFF BERRY who wrote (910)6/2/1998 1:56:00 PM
From: Suzanne Newsome  Read Replies (4) of 44908
 
To put it very bluntly, the SEC documents need to be cleaned up. There are several problems that are not going to solved until the company becomes profitable. Happily, there are good reasons to think this is going to be soon. In the meantime, there is a simple step Mr. Gordon could take which would not adversely affect the company's cash position and would be a show of good faith to the stockholders. There is a tremendous credibility gap between the CEO and the stockholders. Why doesn't Mr. Gordon simply renegotiate the terms of the $5 million note; instead of receiving stock at $.15 per share, he could convert debt into stock at 8% less than the 5-day moving average of the stock price at the time of conversion. This would give him a reasonable return for the use of his money, and would be fairer to the stockholders who must pay 2-3 times $.15 on the open market for their shares.

Until the SEC documents are cleaned up, TSIG is going to be shunned by a very large segment of the investing public. I feel so strongly about this (and a few other issues) that I would be willing to draft a letter to Mr. Gordon requesting a renegotiating of the note as outlined above. Obviously, it is my right to do so as a individual, but a letter from SI members would carry a great deal more weight.

I would be interested in everybody's input on this matter.

Regards, Suzanne
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