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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG) -- Ignore unavailable to you. Want to Upgrade?

To: Jazzbo who wrote (30560)	6/8/1999 10:31:00 AM
From: Zbyte	Read Replies (2) \| Respond to of 44908

Looks like shareholder confidence is at a all time low.

To: Jazzbo who wrote (30560)	6/8/1999 10:59:00 AM
From: Dave Gore	Read Replies (2) \| Respond to of 44908

Jazzbo, it appears to me now that for the short term, the PP holders control our destiny. If they decide to exercise and sell, it would take a massive amount of buying to overcome that. Hopefully they will relax and see the big picture, but generally PP folks just take their quick 5-30% profit and run. They rarely even DD the company they are investing in that much. Some do, most don't from what I hear. WHAT WENT WRONG WITH THE PP? In my opinion, RG's lawyers assumption that the SEC Registration, and resultant immediate buy/sell capability of the PP folks, would take 4-6 months, was a flawed assumption. Unfortunately since the registration only took about 10 days, and the stock was already weak, it appears to me that the PP guys got nervous and decided to sell right after they exercised, as they only have a 30% cushion. That probably perpetuated more selling. It's very possible some of the PP holders actually panicked and lost money themselves. If the lawyers assumption had been right and the Registration took the normal few months, then things may have been fine. RG told me he thought TSIG would be profitable by the time the Registration was approved by the SEC, and that the PP investors would exercise and hold their stock, or at least cause a lot less damage than they are now. IN HINDSIGHT... RG's attorney's should have anticipated what might happen if the registration got approved so quickly and in fact, should have done a shareholder right's offering last year and skipped this PP, as some here postulated, but they didn't and it is all water under the bridge now. I am a pragmatist and I look ahead when I have garnered all I can from the past, and what I see is that apparently TSIG has money to try to make the Lifetime deal work, which appears it CAN given the massive amounts of student "salespeople" involved and the experience of Liftime Learning Systems. The $700,000 supposedly paid for the fund-raising kits and mailing appears to show that the project is a "go" for the Fall. But the immediate future is hard to predict. I think many of us will be keeping a strong eye on what is transpiring. I still think personally that TSIG can pull it off, not because RG is brilliant, but because it seems to me that with such a simple, elegant, high margin, high cash-flow plan, it might be hard to for anyone to screw it up. We'll see... I will be averaging down again at some point if the stock drops into the single digits and if I am still convinced that progress is being made. take care, DAVE