To: Martin E. Frankel who wrote (39860 ) 3/2/2000 12:40:00 AM From: Tom Read Replies (2) | Respond to of 44908
Marty: Due to the high volume of posts on RB, I thought you might not have seen this one from Chuckwalla. Thoughts? Tom By: Chuckwalla Reply To: 55605 by SRX7 Wednesday, 1 Mar 2000 at 10:00 PM EST Post # of 55680 Jim, I cant say I agree with everything you say, I do agree with this part of your letter to Marty. ". A public letter to the shareholders is in order, with subjects addressed that will convince us that he has the owners of this company in mind. The last time we had a vote to restructure the company, the insiders held a majority and didn't really need our support. This time because of previous tragic dilutive business dealings they need our support. It is time for this dealmaker(read wheeler-dealer)to establish some credibility with the people who pay his exorbitant salary." We, the shareholders, the owners if you will, were promised a plan, a newsletter explaining whats happening with TSIG and still there is nothing. The spin is, oh this is wonderful were headed for the Nasdaq now. But I would like to know specificaly what the gameplan is and how OUR money will be used to launch TSIG. If the deals, Lifetime, ect...were as sucessful as earlier promised, the company could be financing itself at this point. Getting any information from TSIG is like pulling teeth and it shouldn't be that way. Another company I am invested in is blasting off right now and they are the polar oppisite of TSIG, They have an IR guy right on the threads being as open and honest as possible. Everything with TSIG seems to be cloaked in secrecy. If you want to know my honest opinion, this announcement couldn't have come at a worse time. The stock was spring loaded for a big announcement that would have taken it past a dollar and a half. I'm not saying this 40mil deal is bad by any means but we all know the stigma attached to a reverse split. Even if its a "good" thing, the word itself sends out a panic signal. Now we need a clear signal from TSIG management that they truly give a damn about their shareholders and not just their own fat wallets. Chuck, not your best friend and not a cheerleader either(lol)