TFK,
Obviously I don't know who you are. However, one thing's for certain, TFK does not yet appear to mean To Find Knowledge. However, if you are interested, please ...seriously consider the following;
Please call the transfer agent, Corporate Stock Transfer Inc, 303-595-3300, and you will find out what many here already know. That there are more than 95,000,000 shares issued out of a total of, well …100,000,000 authorized if you read some reports or …114,000,000 if you read TSIG's own 10K' just recently filed. And that's one of the main points here. We just don't know. Almost two million new shares issued since the 14th of April. If you would take the time to read the latest TSIG press release, you'll also find that the issued share count is so complicated that even they state approximately 80,000,000. And to that, I'll bet that they don't even know. And we all do know that there were approximately 28,000,000 shares issued this time last year.
While technically you are right, there may not officially be 100,000,000 shares issued at this precise moment, I believe it's also common knowledge that everyone here has accepted 100,000,000 as fait acompli.. Hence most valuation models because it makes for an easy divisor. You do know what the word “valuation” means don't you?
By the way, guess who has beneficial ownership of more than 40,000,000 of them today? And to those that want to harp that he only has 14,000,000 shares, give it a rest. He's got more than 40,000,000 as all the records confirm. Let him repudiate the rigged loan deal and then you can say he's only got 14,000,000 shares. Until then the 40,000,000 cannot be mitigated. Remember that he granted himself enough shares outright and took enough 15 cent options last year to make enough personal profits to easily turnaround and re-lend what should have been corporate money in the first place at one third the dilutive effect back into your's/ours, not to be confused with his, corporation in order to exercise these loan agreement options. The loan deal should be repudiated. All the while losing multiples of the gross revenues. In other words always spending substantially more money than the total sales figures.
In fact checking back has there ever been a sales effort other than the effort with paid promoters to sell stock? If Mr. Gordon did only half as well selling the goods and services the company is in the business to sell as he has been successful in selling volumes of dollars worth of shares, Phoenix would be soaring and TSIG would still be a maybe parachute. See guys and gals, a very close study of personalities can be done with the answer to just this one question. Empirically it would appear that the shareholder has always been here for the convienience/pleasure of the CEO, not the reverse.
TFK, there is another troublesome problem in the share count issue. Very troublesome. Are the 26,666,666 shares underlying the attendant $0.15 options in Mr. Gordon's sweetheart self-serving revolving $4,000,000 loan agreement already in the issued share count of 95,000,000? Or is this new request for shareholder approval of authorizing more shares designed to also cover his forward looking personal needs? Wake up everybody, surprise test on the way.
Lastly, please be aware that I am truly a long-term investor in TSIG. At least until I get advice from someone who will do a professional job of evaluating TSIG's reports and confirm, correct, add to, and/or flesh out my understanding of where I believe TSIG has the potential to go under current leadership or other leadership.
My current assessment has been noted many times and will probably continue to be noted from time to time until that evaluation takes place. Until then my opinion will have to suffice. I am also open to any comments representing material facts that I may have overlooked or misunderstood. Please chime in as you see fit. I see that I am gaining converts daily now. My e-mail at RB is filling with non-SI posters, (they can't use the SI PM system,) as well as my PM's are also growing daily. In fact it makes me and it should make many of you feel good to know that there are more long term investors than one would have originally thought.
IMHO, there are disturbing patterns of behavior in most all the reports that I have combed through to date dating back to Phoenix and up through those filed on behalf of TSIG. One person is common to them all …Robert Gordon. I will not berate you any further here about my opinions re Mr. Gordon. You already know them.
With a littl-bit-o-luck Mr. Gordon will decide in favor of the company and all of its shareholders, appoint Dr. Frankel the board seat, stand down his loan agreement and let John or James be the ball carrier. The share price will be positively impacted, credible money lenders will look more favorably on TSIG's prospects, and lo & behold MR. Gordon will very quickly become very wealthy. His 14,000,000 shares will rapidly escalate in value. And life will be good for all the subjects in the Land. Especially Mr. Gordon.
However, back to reality and in closing I would suggest that you take the time and print out all the relative filings, Phoenix as well as TSIGcurl up with some good light and a high-lighter, mark all pertinent passages that bother you or that you don't understand, and be prepared to join our group so that you may become better informed about your company TSIG and it's principal and his history and what you might expect from him if you decide to remain a long term investor. I personally believe enough in the plan, J Hwang and the rest of the assembled team to continue to do this DD.
And that's the crux of it. You are a long-term investor …right?
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