To: Alan Coccio who wrote (10744 ) 6/27/1999 3:16:00 AM From: Jason B Respond to of 10903
Hello Alan, I Have been in touch with John McGee and here is the latest questions and answers I have received from him. Hello John, I have been very disappointed with TPI. I believed the companys press releases over the past two years and thought the company would be at a different level at this time. If you could please answer a few questions and give me some insight why one should still own shares in a company that performerd under par. What was the reason Gary MCCann left the company? Why would he leave a company that is ready to realize all the efforts that has gone into the start up phase? Would happened to your Pr company Janis & Co.? They never really did much public relations work to benefit the long term shareholders. How is the company planning on financing business? Revenue is not close to covering the burn rate and with current assets at $184,215 as compared to $589,930 at July 31, 1998. Do we have some more death spiral convertable debentures planned? Is that the reason why insiders are selling ? 03/26/99 MCCANN GARY G* Sold 140,000 $0.12 - 0.17 $22,400 03/23/99 STEPANOFF VLADIMIR Sold 100,000 $0.17 $17,000 03/23/99 STEPANOFF VLADIMIR* Sold 100,000 $0.17 $17,000 03/23/99 MIGHTON PAUL* Sold 100,000 $0.17 $17,000 03/23/99 MIGHTON PAUL Sold 100,000 $0.17 $17,000 10/29/98 MCGEE JOHN G Sold 10,000 $0.50 $5,000 How much longer are you contracted to work for TPI? What will you be doing to promote the company in the near future? With the 4th Q ending July 31, Will a big part of you sales be billable in that Q? Is it possible that we might see some deals completed before this 4th Q ends? Is Paul still predicting a brake even Q before year end? Thanks for taking time out of your busy day to read and respond to these questions. Just trying to get a clear picture of what is happening up there in Mississauga, Ontario. Best Regards, Jason -----Original Message----- From: John McGee [mailto:jmcgee@TPII.COM] Sent: Monday, June 21, 1999 6:41 AM To: Jason Subject: RE: FW: Market Update Jason The shareholder letter will be drafted in due course as the Q was only released at the end of last week. The revenue production was disappointing to us as well as we had hoped that more deals would be completed or at the very least billable within the Q. We continue to exert pressure on the sales department. We have completed one convert.deb. in May of 1998. The Company has not entered into any further agreements with regard to further debenture funding. I don't know what additional information I can provide you that is not disclosed in the current Q filing. If you have specific questions, please forward and I will do my best to answer. Best regards John 06/18/99 12:17:16 PM To: John McGee/TPI cc: Subject: RE: FW: Market Update Hello John, Can you please send me a copy of the shareholders newsletter that you promised? I am very interested in what TPI has to say about the company's future. Reviewing TPI's third quarter results. It was very disappointing looking at the revenue and the number of shares outstanding. Dilutions of this company is outrageous. TK is going to drive the stock price even lower. TK plans on selling shares and flood the market unless TPI has some great news and "jump start TPI's revenue" as Paul predicted. REVENUE For the quarter ended April 30, 1999 the Company recorded revenue of $201,344 as compared to $260,324 for the quarter ended April 30, 1998. For the nine-month period ended April 30, 1999, the Company recorded revenue of $718,812 as compared to $415,345 for the same period ended April 30, 1998. Where is the revenue growth that Paul was predicting? It looks as though TPI is in financial trouble and The company has been issuing Convertible debentures to fund current business. The current shareholders are getting screwed. What is the company business plan to become profitable and reward shareholders that believed in TPI? Still looking for clear picture of what is happening at TPI, Please send me the latest information so I can have a better picture of my investment in your company. Best Regards. Jason Burdine -----Original Message----- From: John McGee [mailto:jmcgee@TPII.COM] Sent: Tuesday, May 25, 1999 8:04 AM To: Jason Burdine Subject: Re: FW: Market Update Jason As always, thanks for the e-mail. I anticipate the letter to shareholders to be issued somewhere around the 15th of June. As you are aware, we have completed our 3rd quarter and the results will be posted with the SEC by the 15th of June. My intent is to provide the shareholders with a clear picture of what is occurring together with current financial information. I have had the opportunity over the past month to talk to a good number of shareholders and brokers who are interested in our stock. Based on those discussions, we continue to formulate our IR strategy. We are on target at ICI and are currently awaiting acceptance of our phase one delivery. We will provide market update on this issue as soon as available. Our objective is to meet delivery targets and meet the plan with ICI/ADP. Based on this success, our marketing department has formulated plans to get tangible information out to the market. As the Year 2000 issues come to closure, companies will refocus on getting their old systems into todays technology. Please have a look at Gartner Group or Computer Intelligence and it will support our estimates of the market size. We will push into this market with success stories and solution based selling. Trust this addresses your questions. Regards John