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


To: Susie924 who wrote (39857)3/1/2000 7:11:00 PM
From: wjmtmoney  Read Replies (1) | Respond to of 44908
 
I too would like to know the terms of the equity line of credit, however, I am happy to live with the uncertainty and acquire more shares while the doomsayers try to figure this out. I may be wrong, but if I crash and burn, I'll take responsibility for it. If I'm right and the financing is good for the company, I'll feel sorry for the sellers for about a half of a second, and I'll be a little closer to an early retirement.
WJMT



To: Susie924 who wrote (39857)3/1/2000 7:52:00 PM
From: Martin E. Frankel  Read Replies (3) | Respond to of 44908
 
Susie,

I hope you don't mind me addressing your concerns as they are shared by many.

1) TSIG has to plug up the leaks. Too many people know too much.

I couldn't agree more and have expressed this concern to Rob Gordon. I don't believe it's coming from management. There are many ways things can "leak"... and many times I think it is just speculation that coincidently comes to pass. As you well know, I have personally taken a very proactive roll in helping our investment from fund-raising efforts to the MyMusicCard website to working on new programs for TSIG, etc. and have openly posted so on both SI and RB. I am, however, under a non-disclosure agreement with TSIG since the fund-raising initiative began and learn things only on a "need to know" basis. By law, I or any other related party or entity cannot even buy additional stock until at least 24 hours after a PR... and my stock is certainly and most definitely not for sale. Many shareholders are aware of all of this and know I will not, under any circumstances (just as occurred with the BOD fiasco last year), discuss any corporate business I happened to be privy to with anyone outside of the Company. I would love to see the "leaks" stop as much as you and management would because, unfortunately, the "bits and pieces" of rumors often are incorrect and detrimental to TSIG and our investment in the long term.

2) My feeling after reading the PR over and over is that the financing is not a done deal yet. What happens if the shareholders vote yes to a reverse split and the financing falls through?

I called Rob Gordon specifically to ask that question. The deal with the investment bank is signed, sealed and delivered and is only conditioned upon the restructuring of TSIG's capitalization as required by the investment bank. That, to the best of my knowledge and from what I am told, is the only condition. Hence the need for a shareholder vote to approve the restructuring. The simple fact is if the shareholders do not approve the restructuring, there will be no $40,000,000... at least not from this source... and I wouldn't want to see that happen. But we live in a democratic society and every shareholder can and must vote (by proxy form, over the internet, or by telephone) their wishes. As for myself, I will be voting "Yes" to backup management and the BOD's suggestion to achieve what I sincerely believe will make TSIG grow in the most rapid fashion and assure not only TSIG's survival, but, IMO, its success. Management has worked very hard to attain many powerful deals and alliances, but TSIG needs financial stability to move forward. We have, IMO, been given a fantastic opportunity and I hope that all shareholders will see the forest and not just the trees and the rewards that this financing should bring us.

Best always,

Marty



To: Susie924 who wrote (39857)3/1/2000 11:09:00 PM
From: Jazzbo  Read Replies (2) | Respond to of 44908
 
Susie,

Bottom line is you've got to get a good night's sleep. To hell with what anybody else might think, I mean, its not like someone's going to pass you in the supermarket and say, "psst, there goes Susie924, she sold her position, oh the shame...."

Truth be told, over the past month I've sold some TSIG, and only at a slight profit, short term at that. But, for a long time I was having trouble sleeping, and the reason was, I had too much invested in TSIG. I thought the proper move was to sell some, reduce my exposure. And while remaining aware of the risk incumbent with an investment in TSIG, and while still holding in excess of (and this is between you and me) 200K shares, I sleep better.

I've adjusted my risk/reward, my rem/deep-sleep ratio, and I'm a more light-hearted guy for it.

The risk is there, no doubt. The situation looks promising, despite the obstacle-strewn path. I'm sticking around, but reserve the right to pull up stakes at any time, because, the hell with what "they" think. No-one is offering to pay my mortgage, put food on the table, or take me out to the ball game.

Do what you've got to do to get a good night's sleep. I'm sure you'll lose no friends here. In the supermarket, well, I can't say.

Regards, and sleep tight, don't let the TSIG-bugs bite,
Tim