Hi B and all,
I'm here... home late as usual... and just finished reading the TSIG posts. Excellent and informative post and good work on the conference call with Rob Gordon. The posts tonight were thoughtful and added, IMHO, a great deal to the validity of our long term position in TSIG. Just the fact that Rob Gordon was willing to talk with you guys and give you the information he did (without divulging inside info) speaks a great deal in the Company's favor. And the questions were good as well.
I'm not going to rehash the old business again. I've said my piece about that enough times and either you buy it or you don't. I don't mean that to be a snide remark to anyone, but each person must make their own decision based upon the information they have in front of them and the faith and gut feelings they have in and about management. I have said over and over again that this is not a stock, IMO, for a trader. It is a long term investment! Management's lack of firm dates for releases is commendable... again, IMO. In the first place, a "pump and dump" doesn't work that way. Secondly, we are talking about what I understand to be new and innovative software on the CCI website which must be carefully tied into TSIG's telephone service business... no easy task, but soon to appear. "Glitch-proof" software is difficult enough to produce, but it is being done. To coordinate it with the TSIG telephone service just makes it more of a task... but it will get done.
Regarding taking physical possession of the stock certificates... that is another story leading to a question. The idea of squeezing the MMs is a good one. But, is it necessary to have physical possession of the certificates? If you have the certificates, yes you can sell the stock at any time. Assuming you have a good relationship with your broker, you have the same three (3) days settlement period to deliver the signed certificates to your broker after you've sold. If the broker doesn't know you or your trading activity, however, you will have to deliver the stock (by hand or FedEx) first before selling. However (again), TSIG is not a marginable stock and I don't believe it ever was, therefore it would be carried in your cash account (or the cash portion of your margin account) ... not your actual margin account. Stocks in a cash account cannot be lend out (under SEC regulations) for shorting and since TSIG is non-marginable it cannot be shorted... at least on the retail side. The MMs, however, are another story, as many brokerages control MMs, and whether or not they can lend out your stock to an MM is another story or question... the answer I hope to get tomorrow morning. My gut feeling is that I don't trust the MMs and like the idea of holding the physical certificates. Since I will probably be buying more tomorrow and intend holding my TSIG stock for a number of years... needing the certificates around to have ready to sell really becomes a mute point. Besides, watching a naked MM run around trying to buy stock to fill his short position would be fun for a change. If everyone were to do the same, we might even have a self-fullfilling prophesy <VBG>.
I have said it many time before, but just one last time. TSIG is a long term investment with, IMHO, very significant potential with a very good risk/reward ratio. I have done my DD (with the help of many on this thread) and my stock is not for sale! In my opinion, one doesn't get many opportunities in their lifetime to buy into a turn-around start-up situation such as TSIG. Sounds like hype and I guess it is, but it's my opinion.
Best to all,
Marty
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