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

To: JWC who wrote (33984)	8/24/1999 10:44:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 44908

JWC, actually, as far as I can see everything that Gordon has done so far is "legal". I have questions if it is "moral", but that is not the issue. The only area where there might have been some stepping on the "border", and I have stated before, that I am not sure at all about the "legality" of this issue, is the lack of form 4 filing despite the sales by Gordon of more than 50 MM shares (I could not find a single form 4, but as I mentioned before, all these sales were carried under stock registration (mostly S-8 I believe and some forms 144, which I believe should have been followed by forms 4). The question is not if what Gordon is doing is legal or not, the question should be: is Gordon capable of executing "the plan" with the non existent resources and his propensity to run into too many directions at once without focus. The latter is particularly dangerous, since it squanders resources that right now can only be replaced by massive dilution of the current stock holders. Even if we were to accept REW's figures of "burn rate at $350 K per month", each week of delay in getting funding costs $100,000 or 2 MM additional shares at $.05 or close to 3 MM shares at $.035. Of course, if we discover that the "impending funding" (Next week, still) is of the toxic variety, then the dilution can be expected to be even worse than that. You calculate the dilution for a month delay and for six months delay. Zeev