An alternative scenario such as that could easily work. Been done before, will be done again.
Just need the right people involved.
Microsoft comes along and behind the scenes says, "I like your business model,
we'd like to buy 10,000,000 shares, 10% of the company and we'll pay the company
$1.50 each share."
OK let's take a look. Microsoft does this behind the scenes by written agreement.
Not yet public. No money has changed hands yet. However it's essentially all done.
Tomorrow morning we all wake up and find a PR. It has happened, or is scheduled to
happen on the 15th of June. Guess who else finds out? The entire investment world.
Aside from now knowing that $15,000,000 will be in TSIG's hands by the 15th of June,
guess what happens to TSIG's share price? Does it go up? Where? I'd say more than
$5. Then what kind of a deal was it for Microsoft? They come out instant net winners
before the company makes dollar one.
Let's go further. Could this happen? We all believe that the plan will work and
work well. I believe that credible investment and technology partners can
also be convinced that it would work well. Then why hasn't it been done.
And now... "the rest of the story."
TSIG has some core problems. It's trading history is clouded in anomalies.
It's CEO and other controlling Board member have been involved in a bankruptcy... at Phoenix.
There's history there.
The CEO has a compliance problem in his past with a cease and desist order from the SEC. freeedgar.com;
Year=99&SECindex=2447&Extension=.tst&PathFlag=0&TextFileSize=394020&SFType=
&SDFiled=&DateFiled=4/1/99&SourcePage=FilingsResults&UseFrame=1&OEMSource=
&FormType=10KSB&CompanyName=TELESERVICES+INTERNATIONAL+GROUP+INC
On September 30, 1994, the Securities and Exchange Commission issued an Order
Instituting Proceedings Pursuant to Section 8A of the Securities Act of 1933 (the "1933 Act")
and Section 21C of the Securities Exchange Act of 1934 (the "1934 Act"), Making
Findings and Imposing a Cease and Desist Order against Harvest International of
America, Inc. ("Harvest"), a privately held corporation, and Robert P. Gordon. The
findings and remedial sanctions imposed by the Order were in accordance with
Offers of Settlement dated July 24, 1994 submitted by Harvest and Mr. Gordon, which
the S.E.C. accepted. Without admitting or denying liability, Harvest and
Mr. Gordon consented to the Cease and Desist Order alleging violations of
Section 17(a) of the 1933 Act and Section 10(b) and Rule 10b-5 of the 1934 Act by
reason of alleged misrepresentations in 1990 and 1991 in connection with
the offer or sale of Harvest non-interest bearing promissory notes convertible
into common stock of the predecessors of Phoenix Information Systems Corp. and one
of its subsidiaries and which common stock was to have been issued and registered
within 30 or 60 days from the dates of the various notes. Harvest is now known as
Heaven International, Inc.
The board of directors could be determined by the reasonable man principle to be
under the singular control of this one person.
The Board has approved a loan agreement that benefits this individual at
the expense of extreme shareholder dilution.
This CEO has absolutely no recent history, 7 or 8 years anyway, of showing a growing
revenue stream much less a profit.
Listed above are just a few of the reasons that our company probably wouldn't
qualify, no matter how great the plan, for a credible going concern to take the
above action.
Now if the CEO understands these things then he may be enough of a realist to
step upstairs and free the Board, appoint a credible CEO with a winning background,
and then TSIG might be able to go forward.
Then we'd all be winners, especially the CEO and his 14,000,000 shares.
Just a few thoughts,
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