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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG)
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To: Suzanne Newsome who wrote (28410)5/18/1999 9:11:00 AM
From: REW  Read Replies (4) of 44908
 
Suzanne,

First, as a clarification to my understood statement, the requirement TSIG must meet before they can obtain alternate financing is the share authorization and escrow to satisfy the release of the further PP funding. Also remember this is needed to be done as quickly as possible to fund the requirements of TSIG to generate the push to profitability everyone desires. I think it would be interesting if you would make contact with Henry to get a clarification of the PP requirements placed on TSIG this time around.

There are few more concerned with the growth of the outstanding than I. The portion allocated to the PP should be ultimately minimal resulting in the potential retirement of a portion or all of the overage. Personally, I would prefer to see a total retirement of those shares in excess of the conversion requirement or early retirement of the loan. Then any additional desired for other functions should be reissued. Let each topic be it's own or fully explain the combining.

You and I, along with other concerned shareholders, will be present at the shareholder's meeting listening intently as the company discusses and proposes items that will directly effect the future of of the company.

I also wish to bring forth the importance of the expansion of the Board of Directors to create a more diversified discussion/decision group. The importance of the Board, I thought, was to be able to discuss proposed actions and reach decisions that had been brought forward and modified to meet the desired potential results of all or the majority of the members. If the Board is not structured by it's member content to allow decisions to be made through the ebb and flow of researched and documentary information and ideas, then the purpose of the Board is lost and it's only purpose is to seal the wishes of one side and satisfy the legal corporate requirements for it's existance. The efforts to balance this Board of Directors has been done and proposed by the shareholders and now awaits the decision of the Board to see if our consideration will be properly discussed.

You mentioned Gordon's credit limit. Balancing the Board then makes the credit limit TSIG's. That creates an entirely different discussion topic, one that would contain positive connotations.

Despite some of the rhetoric this forum has been subjected to I still hold we have invested in one of the potentially most explosive opportunities I have seen available in a long time. Properly governed this will become a stable growing concern. The returns available to those who remain over the long term will be something to behold and discuss with others in the future as the one that made the wish list and suceeded.

The next 2-3 months should contain the deciding factors that will show the evidence of whether this management has the capabilities to carry out the plans set in motion. I sincerely hope they have the fortitude to do and maintain the direction and produce the decisions necessary to accomplish this enormous mission.

I also do not feel TSIG has overstepped it's capabilities through divisional expansion. This has only elevated it's potential impact on the marketplace. Remember, only 3 months ago we were only a card company with teleservices backup. We all had that concept as the great future design for this company. That is still there and being nurtured for the same or better growth we had expected.

The addition of Hwang and his division caused the expansion that elevated our expected returns. We also extended our length of holding to accommodate the maturing of this division as the potential additional returns greatly elevated the potential of this investment several fold.

As always, my opinion

Bob

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