Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: JWC who wrote (39919)	3/3/2000 2:10:00 PM
From: Suzanne Newsome	Read Replies (1) \| Respond to of 44908

Some real DD from MBZ240 on RB: <<I wrote a quick e-mail to Paul Henry last night and this is what I got back this morning. I'm going to thank him for his prompt response. Any thoughts on his comments are welcome. Michael, Change is difficult, and we never expected everyone to like it. However, we believe the actions we are taking are in the best interest of the shareholders, and many shareholders have called to congratulate us for finding a prominent investment bank that believes in our business concepts, our management, and our partners. The bank says they believe they can put together as much as $40 million of financing, a very unusual event for any small company. However, to raise that kind of money from sophisticated investors, they said it was unacceptable to have a stock trading in the pennies, and asked us to reduce the number of shares outstanding. Certain investors think this is a great idea, others not, and we will certainly lose some of those investors who are looking to multiply their money quickly in a penny stock. Our objective is to use the funds we raise to enhance shareholder value, and to accelerate our progress to become a "real" company with substantial revenues and earnings. There will be no "damage control" campaign because SEC rules strictly prohibit activities that could be viewed as "conditioning the market" while raising funds. Nor are we allowed to make releases about, or comment upon, either the financing or the restructuring. However, we will continue to release important news in a timely way. Thanks for your past support. We hope you remain with us! Regards, Paul Henry >>