To: REW who wrote (32432 ) 7/9/1999 6:25:00 PM From: johngmack Respond to of 44908
Bob, Absolutely a great job. Your commitment and objective focus regarding TSIG are very much appreciated. I don't have the time or patience to do the DD at the level of Suzzane and you, but try to make up for it by using common business sense. I posted several days before the SH meeting that there were too many positive things happening with TSIG, a company that many people on this thread had left for dead. Your report on the ongoing activity with the TSIG business partners really validated my instincts. Correct me if I missed something, but your report made no mention on any of those business partners looking to get out of their previously contracted relationships. It read more like they were looking to extend those relationships. I seem to remember some discussion on this thread about those partners wanting to bail out at the first opportunity. Another thing. My take on your report was that only ONE of a number of varied investors had played the shorting game with the floorless arrangement, when it would have been easy pickings for any of them to have their own agenda and make some fast money. My recollection from this thread is that certain concerned people devoted huge amounts of their personal time telling us that the majority of the PP folks were playing this game and doom was imminent. Believe it! Businesses almost never recover from these situations! The dumb shareholders were suckers being easily swayed by devious management! Interesting, now that we can see almost all of the inside people are committed to success of TSIG, and put their money where their mouths are. There doesn't appear to be any "everybody for themselves" panic. The partnership list continues to grow. So, as others have done on this thread, please allow me to make some predictions (this is especially for my friends Fred and Jeff): 1. TSIG is going to fail, we will lose all our money, and wake up January 1, 2000 and have left-over fruitcake for breakfast. -or- 2. All of us who hung in and maybe bought some more shares in the last three weeks are going to make a reasonable profit on TSIG and feel pretty good about ourselves. -or- 3. All of us who hung in discover we stepped in cow droppings and soon realize that we are a part of one of the largest leveraged investment opportunities ever. We become very popular and all our friends hang around and mooch off of us. I can live with all three. For now, I'm going to have pizza for dinner. John p.s. Marty, if you're out there,"you da man"! When this thing gets back over 50 cents, please come back and visit with us.