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Gold/Mining/Energy : TS TELECOM (www.tstelecom.com): ASPIRING TELECO -- Ignore unavailable to you. Want to Upgrade?

To: John Trudeau who wrote (749)	8/28/1999 10:26:00 AM
From: speculatingvalue	Read Replies (1) \| Respond to of 1762

The prospects look good, but I was disappointed with some aspects of the report: - management salaries are still high. I'd rather see them rewarded with stock and options so that they have an incentive to get the share price up. In addition to disclosed management salaries of $135,000 + $252,000 + $135,000 + 160,000 = $692,000, they've hidden a director's salary of $186,536 (see notes to financials 8B) - I'm pleased that management paid back the $1 million interest free loan (that was ridiculous), but they still owe the company $274,277 on an interest free basis. (Note 10B) Pay up! - I don't like that the management salaries were disclosed in a separate circular rather than in the report - There are 1,915,000 options between $.50 and $1.00 per share. Given that many of them are presumably issued to people who don't have stock, they have no vested interest in maintaining the stock price. - 6,000,000 shares have come out of escrow and are available to be dumped on the market. There isn't enough market interest to absorb ANY selling - the report completely skipped the products. How can they expect people to invest without explaining the product lines? The prospects for the company look great, but management has to realise that they aren't running a private company. In fact, I'm tempted to vote against the current board (as a protest - I know they control the company). That said, I think anyone who buys at .45 (break up value of the company) has zero downside risk. If they get their earnings back to .10, react to my complaints and get some IR attention, then this stock could easily go up ten times from the current price levels. Patience... (-;