TideGlider.........Quiz Time....................
Since I too have gone on threads and have presented adverse statements much to the chagrin of the "longs", even though I too have had no financial interest, I don't need you to justify your presence here.
However, please try to keep some sense of objectivity rather than go
completely on a crusade to find faults that many of us already recognized and that all the "investors" in the company have already weighed into their decision to buy and hold.
Now you came to this thread at about the time of the release of the 10-k. Most of us knew from the prior 10-q that this 10k-sb would still not reflect the turn-around that investors are speculating the company will achieve. Most of us knew that the terms of the PP would be contained. I have read the discussion of this PP and have found it very edifying both for and against. Even though these terms have been discussed, there are STILL many questions regarding this PP that still need further clarification to understand the full extent of the dilutive impact on shareholders.
The main question to me is whether or not the company will need more of the PP, or whether the deals the company has already formed has generated any and enough revenue to not create any additional need.
Yes, like I said this is speculation based on an understanding of the company's business model and strategy. We all may win, we all may lose...a little or a lot. Conservative and prudent investors are advised to invest elsewhere. Less risk adverse investors may just want to wait for further indication that the company has indeed turned itself around.
However, I'm not exactly sure you do understand what TSIG was, is and why their business strategy is innovative and "unique". I also think you too quickly discount the significance of the new managerial personel and the hiring of a high profile PR company.
Can you explain in one sentence what WAS the emphasis of TSIG before the company chose to shift its focus?
Can you explain how this old emphasis helps support the new direction and emphasis of the company?
Can you explain this new emphasis with a description of the three divisions?
Can you describe how these three divisions interact and support one another while at the same time also work and generate revenue independently?
Can you state why an office and division in Silicon Valley gives stature to a "start-up" company?
Have you any knowledge of who John Hwang is and what he done in in his prior positions? Do you know if Hwang is or isn't a known comodity in the Silicon valley community? In your opinion, if he is a person of some stature, do you or don't you feel this adds stature to the company?
Over the course of the past year can you quickly summarize if and how much debt has been reduced from the operational and overall expenses of the company?
Do you know how the company has reduced its debt?
Do you understand the concepts of "branding" and 'co-branding" as these concepts pertain to marketing?
Do you understand the problems of e-commerce as they pertain to generating both traffic to a web page and retaining customer loyalty?
Do you understand how the high cost of establishing web site traffic and raising brand awareness adversely effects the earnings of e-commerce companies?
Do you or don't you agree with the whole notion of "volume" as it pertains to generating revenues from advertising on a companies web site? Is this or isn't this the "conventional" reasoning behind e-commerce that are offering products below cost?
Do you understand the whole "card" concept?
Do you understand how the card is "co-branded" with established corporations? Do you understand how the card can be used as a fund raising tool for non-profits and charities?
Do you understand how this method of co-branded marketing saves TSIG marketing costs while at the same time generates web traffic? Do you understand this model? Do you understand that if TSIG can contain costs through this strategy, TSIG can be a (the)low cost provider and still be in the black?
Do you know whether or not prestigious PR companies are begging for work and accept any and every client that comes knocking at their door? Don't you think a company like Golin/Harris does due dilignence on a company before accepting them as a client? Do you think Golin/Harris would risk their reputation on just any company?
Do you even know why the new management hires would leave their former positions to join a turn-around company with such a crappy (albeit improving) balance sheet?
What did these new hire see or understand to risk the stability of their former positions and forgo current salaries for deferred compensation packages in the form of stock options?
To me the terms of the PP were disturbing especially with the large discount and upfront fees. However, the terms and the company developments don't seem to jibe. The terms appear to be those of a company unable to get a better deal.....BUT BUT BUT the management and the deals that company is forming appear to be those of a company with great promise......
Again, please don't belittle others due diligence. Feel free to offer cautionary advice. Do some due diligence of your own to better understand what isn't apparent from and stated yet in the 10k.
Also call what you perceive to be hype...hype....
And as for Ditch....he'll just have to wait for some of the unsettling signs he perceives to improve. If they don't Ditch will certainly be the first to say...I told you so....However, a business that is concentrating on building its business can't really concern itself with the day to day fluctuations of the stock price. If the company continues to sign agreements, and Golin/Harris succeeds in raising awareness of TSIG and its subsidiaries then the stock price will follow these developments. As I said in a prior post, Golin/Harris intends to raise awareness of TSIG through third party media coverage and Golin/Harris has established contacts in different media.
Now then only time will tell....whether the glass is half empty of half filled....
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