Nay, says I....
I have read all the posts since FREAKZOID proffered the suggestion that Marty be admitted to the BOD of TSIG and I have come to the conclusion that I will not 44th the motion. Nor will I sign off on the proposal to table the conditional placement of shares for Mr. Gordon. I'll try to explain my position.
Not that I don't think that Marty could be of some value, but I think it is a slap in the face to present management that a few dozen shareholders know better how to manage the business than the present occupants of the Board.
If memory serves me correct this entire issued evolved because some members of this thread are of the opinion that "if one of us were on the board our interests would be looked after." Pretty presumptuous.
If an internet thread can dictate to the BOD of a public company how their board should be constituted, and the company acquieses to these demands, then I think the company is in jeopardy. And, I, for one would lose all confidence in the management.
Management currently has their hands full with the myriad number of deals, ventures and promotions, etc. along with getting 3 divisions running smoothly without adding more to their plate.
Let them do their jobs to get the revenues in the door; attend to keeping expenses down and getting Teleservices name in front of the public. And, we should do our job being supportive, bringing ideas and deals via Marty to present to management as was the case in the latter half of last year.
As far as the additional shares to Mr. Gordon, which will only accrue to him if he lends additional capital to the company. I say, "So what."
Remember, he's the individual who stepped up to the plate last spring when the company needed capital. He was the lender of last resort. And, when you're in the driver's seat, you can dictate the terms. I don't think Mr, Gordon was usurious with his terms. He could have really feathered his nest or he could have said,"Well, it's been real, but so long.", and we would not be here today trying to tell him how to run his company.
You're all familiar with Microsoft; I'm sure most of you are aware how many shares Mr. Gates & Mr. Allan own today (many millions of shares less than when they started the company). If they let an internet thread dictate to them how they should staff their company and run their business, I do not think MSFT would be the company they are today. Admittedly, that is one heck of a comparison, but the only difference is a whole lot of zeros after the dollar sign.
So, let's stop our collective whining, stop getting agitated over every penny move up and down in the price of the stock, stop looking for bogeymen within every paragraph of the 10K.
This is not the same company I bought into last April. Then it was a shell, a one trick pony, limping along on a few dollars of the CEO, hoping to excite the world with a discount CD policy and we were going to be the next KTEL, heavens forbid.
Look at what you own today: a concept that is coming to fruition, the pony now knows more than one trick (teleservices, promotions, web design and e-commerce) we have a first class agent in G/H getting us bookings and recognition and if management can start the cash flow cow a-milking, we will become self sufficient.
Keeping the faith.
Best, Joe
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