TSIG: After further review & consideration,,,,,,
I'm riding the fence on this one now (after reviewing the results/comments of the CC, which I missed unfortunately), and whenever I have to ride the fence on a stock, my rule of thumb is to get out.
I intend on trying to buy some more TSIG here (as I think it's at a low in the 10-14cent range, and sell between .16-.22/share. I plan on holding any profit in shares just for grins (assuming I can at least break even).
That's a standard way of investing for me whenever I'm 50/50 pro/con on a stock.
The pro's: TSIG's musiccard sales are only now coming into their heyday, and as such, the profits look too good to ignore.
The Con's: Apparently Hwang has left the company, along with TSIG's e-commerce plans, the dilution of the stock continues, and management has continued to miss it's deadlines & expected progress in all areas except some in the musiccard product. This says "SELL!"
Conclusion: The Musiccard business alone, if successful by October, is enough to make this a profitable company,,,,,however, the failures to meet deadlines, and successfully follow through on a variety of business plans suggest the long term performance of management will continue to be suspect, and thus while the company may yet succeed on just ONE good product, I will not continue to risk my money on such a venture.
Regards all,
-Mark (TSIG99?, Perhaps not afterall)
Go Seto, TSIS, AORI, IFCI, etc. |
