Some things haven't changed. I suspect that the same people and/or lack of audit systems are still in place at TSIG. Loyalty to employees is laudable. Loyalty to shareholders is mandatory. There seems to be a pervasive form of inertia at work at TSIG.
As I reviewed more of their public personae last evening you cannot help but be struck by some of the same issues repetitively surfacing.
1. Lack of timely fulfillment, and apparently little effort to improve their tracking system.
2. Mixed messages, or worse, actually no message at all, 2nd effort Babe Ruth League, busted play, Message 9013481
3. Lack of response to the customer
4. www.mycard.com also appears to be impotent in what one would believe its main reason for being there... selling.
5. www.tsig.com looks great, but has curiously left out much if any reference to the call center. Where is Keith Vine, the new hire to head this division?
Not really very much on the surface. However, when measured by importance, it becomes painfully clear that management isn't executing where it counts. At the CUSTOMER/PROSPECT level! Not only servicing the ones they have but getting new ones. NetTaxi, Lifetime Learning and the Babe Ruth deals are not customers. They are only marketing alliances that give TSIG access to CUSTOMERS After TSIG gets the alliance, they go to sleep. They just don't get it. They've been there so often in the past, look at the VSI lawsuits, Harley Davidson, and the Convention Bureaus, they just can't shake old habits. They've NEVER performed!! Look at those sites just mentioned. Would you buy a card? God knows they've had more than 7 months to build it.
I have little doubt that TSIG satisfies some customers. But how many customers do they have when you consider the amount and gravity of the concerns felt just by this small group of investors on the SI?
Seems to me that the NetTaxi alliance is a blockbuster. Also seems to me that priorities are skewed more than a little. We haven't got a foundation yet in place.
Seems to me that if you go back through the history of this CEO, there were many brass ring opportunities and they all failed. History has the ugly habit of repeating itself. Hastings alone cost TSIG millions in dilution and almost 8 months of lost time. RG's decision, and at the cost of a newly hired President. If these folks don't have enough time to do it right the first time where will they get the time to do it right the second and the third and the, aw… by this time we're all gone and it won't matter. But guess who will still have made millions of bux? Yep. You got it! A real investor must judge the past to project the future.
On another note:
Thank you all for your responses last night. When I went to bed I was pretty disgusted because of the initial reaction to my offer. However, this am I now have 11 serious investors, seriously interested in pursuing legal counsel. One of you, and you know who you are, has graciously offered up to $2,500. However, with a few more we should be able to keep the cost to $500 or less per individual.
I will be searching for knowledgeable candidates and layout a strategy as the week progresses. If you are a sincere long-term investor and interested in assisting, please PM me. My goal is 20 people with a budget of $10,000. At probably around $400 per hour that should get us a full review of the past two years activity, 10K's, PP placements, share dilution and share grabs as it relates to performance. We may come up empty on recourse but then again we may not. In any event we will all be $10,000 wiser about evaluating our investments in the future. And at a bargain price of $500 or less.
All monies will be paid directly to counsel and only after we all agree through the use of a conference call interview of the firms involved.
When you think through the motivation, it becomes obvious that daytraders would not want to do anything to upset the status quo of the ridiculous and very curious 30 to 50% swings in share price and lose a meal ticket. However, if you are a serious and a long-term investor in TSIG, please give real consideration to joining with us. Also understand this process is not an effort to hurt the company, just a sincere desire to explore options that will maximize its potential.
And most of all… DON'T SELL YOUR SHARES, THING'S WILL GET BETTER!!
Thanks,
Sword.Com |
