To: Tom who wrote (39877 ) 3/2/2000 1:50:00 PM From: Suzanne Newsome Respond to of 44908
Tom, I have reposted Chuckwalla's comments over here probably more than anyone else. Here is one he wrote that I agree with strongly: <<The Cleansing Effect There is alot of misinformation ciculating. First of all, it will not be a share buyback, wouldn't accomplish anything. Next, the reverse would probably be a 1:4 or 1:5, those suggesting it will be a 1:10 is ridiculous, TSIG has about 250 mil OS, not a billion like some others, so a 1:4 or down to around 65 mil out would be just about right. That also opens up the door, looking long term and if TSIG ends up being very successful, of getting those shares back via a forward split. Remember a company like AMZN, trading at around 60-70 has 350 mil OS. And, we just dont know for sure what the company means by "restructure",there is an outside chance of a spin off of mymusiccard company as a restructing tool. Why is this possible reverse a good reverse and different from a company in distress doing a reverse as a last ditch effort? 1. Attached to a 40 mil line of credit. 2. Cleans up the books, TSIG pays off its creditors and starts fresh. 3. Raises the share price to Nasdaq listing levels. 4. Dramatically consolidates the outstanding share structure that has held the share price down and made TSIG a generally unattractive buy for seasoned investors. 5. Opens the door to new possibilities with new deals and alliances with companies that were leary of TSIG's books. 6. Opens the door for growth within, better websites, key personel, ect.......... Yes, instead of 4 shares, I'll have 1, but if that means a Nasdaq listing and institutional buying and a short range share price in the double digits and a long range share price in the triple digits, then it is a very good thing. I would just like to hear managements plan of fiscal responsibility so the shareholders can be reasonably assured that the past does not repeat itself.>>