To: secureit who wrote (33609 ) 8/17/1999 4:42:00 PM From: Tom Respond to of 44908
secureit: Zeev is a very busy man indeed! I am very concerned about his well-being. He appears to be working VERY HARD and is spreading himself quite thin...look at his past 20 days or so of activity - he is everywhere, spreading his vast knowledge. In reading over this cesspool of a thread upon my return from vacation, I was not surprised to find Mr. Hed continuing his misrepresentation of TSIGs current situation. For instance: Suzanne's below post, in which she pointed out that Zeev conveniently did not quote the entire section of the 8-K to support his contentions... Suzanne's post: Zeev, why didn't you quote the rest of the sentence from the 8-K? And the sentence following? Is it because it effectively nullifies your point? People, the rest of the story. "Pursuant to the settlement, the Company issued an aggregate of 4,402,923 shares of its common stock to Felcrest and the former officers and directors who had indemnification claims against the Company for the legal fees they incurred, while Mr. Gordon returned 4,402,923 of his shares to the Company for cancellation. Consequently, there was no increase in the outstanding shares of common stock as a result of the settlement.". . . . . . Did we get that? Gordon paid the company back for those shares. Zeev, why not tell the whole story here? Regards, Suzanne Or how about the following post from Zeev, in which he admittedly confused 6 months results with 3 months results...(an understandable error, when one is working as very hard as Zeev Hed!) The man needs a vacation folks!! Zeev's post: If you look at the latter,you will see that in the quarter ending June 30, the company's cash used in operation was $3,076,703, not the losses of about $1.5 MM nor the operational expenses of $1.7 MM. If you want to estimate what the cash burn rate will be in the current quarter, you'd better look at this $3 MM as a possible indication. Phil's response: I think you're mixing apples and oranges. The $ 3,076,703 Net cash (used in) operating activities was for the SIX MONTHS ENDED JUNE 30, 1999. The 1,701,569 in Total Operating Expenses or the Net (loss) from operations of 1,536,659 are for the THREE MONTHS ENDED JUNE 30, 1999. I am looking forward to Zeev soon dismissing any of the earnings associated with LL as a "one-time event"...LOL... Tom