Hi Jeff,
I also like what I see with TSIG. The share structure does not scare me at all... particularly when comparing TSIG with others such as AMZN which have never shown a penny in earnings and are so laden with advertising debt that it is questionable if they ever will. Companies such as AMZN had a headstart, but, IMHO, TSIG has and is building "a better mousetrap"... and they get paid to advertise. They are, IMO, on the cutting edge of the new generation of e-commerce technology... especially with the addition of John Hwang as a new Senior Vice-President. John was the former Managing Partner and director of internet technology and e-commerce strategy for Cohesive Technologies, Inc.. He sold his highly successful company to Cohesive about a year ago. He also developed the #1 ranked Music (CD) website (presently) and is just completing TSIG's new site which should be up and running in a few short weeks. John Hwang obviously saw the future in TSIG. The share structure is primarily a carry-over from the days prior to a new management team taking over... and truly does not concern me as I am a long-term investor and not a day-trader or momentum player. It just means to me that the stock price has to catch-up... and IMHO, it will do just that and possibly much more rapidly than many anticipate. But, in any case, I am willing to wait it out.
Regarding the 144's you should note that none of these shares have been sold... only registered. It is common practice for early investors and even tradespeople (many who did small "jobs" for a company and were paid in unregistered or letter stock) to register it whenever they can. The registration is good for 90 days, but renewal is a simple procedure. This puts them on an equal footing with other shareholders... but it doesn't mean they are selling (been there... done that). Besides that, sometimes people just need money for personal things... "man cannot live on paper alone"... things that have nothing to do with TSIG.
So, Jeff, I like TSIG and don't see the share structure or 144's "scary". Nor do I see any more "obvious flaws" than exist with practically any other public company... and that includes the giants of the Dow. What I do see is a lack of market and name recognition. Most people do not even know that TSIG exists. If they did, IMO, I don't believe you'd be able to buy shares in this company for $0.45, but I believe that window of opportunity is about to close.
Thanks for letting me add my opinion. BTW, this appears to be a good thread and a great place to start DD.
Best always,
Marty |
