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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG)
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To: JEFF BERRY who wrote (1534)6/29/1998 3:12:00 AM
From: Martin E. Frankel  Read Replies (1) of 44908
 
Jeff,

I owe you an apology. I pulled up the S-8 and it appears you are correct. However, quite frankly, I would have done the same thing. I agree with vicarboyz's hypothesis in his post #1536. Gordon has put up plenty of his own cash so far, and perhaps pulled some out to meet his credit line agreement as well as to recoup some of his seed money. I believe anyone would have done the same seeing how much stock he still has remaining and can get through options. Please remember he is probably working around the clock on this deal and I doubt if he is drawing any salary. I agree Gambler should confirm his reasons, but until I see a mass exodus of the employees or cashing in by other investors (insiders), I am not concerned. Why is it that it is perfectly OK for us "small time" investors to "sell half on a double and ride the rest for free", but the founder of a company who puts up millions of his own capital, works his rear-end off putting a company together shouldn't and can't do the same thing? I call it smart business and have not changed my outlook for the Company at all. Regardless of the terms of his line of credit, he still was and is prepared to follow through. The S-8 was filed on 6/25. I have not heard of any of the new management resigning or selling since then... have you? I'll be curious to see if Gambler comes up with the same response. In the interim, I'm looking to buy more, but this is just my opinion.

Best always,

Marty
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