Hi Ken,
"... do you expect this restructuring to be similar to the last one Gordon did?"
No, Ken I don't, but that's my opinion. It is unfortunate that you choose to post old mistakes made by the Company (what was the effective date of your quotes and what was the potential of the company at that time regarding signed alliances, etc., who constituted the BOD at that time, etc., etc.). One would certainly get the impression that you live in a perfect world and have a perfect business and have always made perfect investments. IOW, you've never made errors in judgement... at least that's what you're trying to imply to the thread. I have not been so fortunate, but I have been what many would construe as quite successful... even with my mistakes. Perhaps, Ken, the reason is I try and learn from my mistakes and errors... and, IMO, TSIG is and has been doing the same thing.
You sadly take things totally out of context... and for what reason I do not know and won't speculate. But, I don't think anyone can deny that TSIG has made huge strides forward during the past six (6) months. It doesn't take a rocket scientist to look at the PRs (as difficult as some may be to read) and see that this company has new management with a proven track record (and they have worked together as a team in the past), that this company has succeeded in putting together some phenomenal deals with some major names (which I believe were mainly Rob Gordon's doing), that this company has a new BOD and new advisors (it is no longer a "closed shop"), and that this company has just arranged for a major "prominent" New York investment bank to stick their neck out on the line to obtain the financing necessary to carry out the company's business plan and, I would imagine, do whatever else major established investment bankers (I would guess that is what "prominent" means) do to aid a company they've attached their name to.
I could go on and on, Ken, but I won't. You look at the past and I look to the future. IMO, many things have changed for the positive at TSIG in just the past few months alone. Some see the glass as half full and others see it as half empty. To me, TSIG's glass is half full, but, yes, it needs that funding to reach the goals that brought shareholders here in the first place. I am not wearing "blinders". Management has my vote and that of many, many others who have e-mailed me to express their sentiments. I did call the company (something you and others might try doing before expressing opinions... if that's what you choose to refer to your posts as) and was told a letter was being sent to all shareholders (no, I don't know what is says). I hate standing on a bandwagon, but I seriously and most sincerely encourage all shareholders to vote "YES" to the BOD and managements' initiative. Vote by proxy, vote on the internet or vote by "800" number, but vote. TSIG has come a long way in the past months... and I'm not referring to the share price. IMO, TSIG and its shareholders have everything needed to make history in the e-commerce world... except for adequate funding, a NASDAQ listing and the backing of a major "prominent" Wall Street Investment Banker (and all, I believe, they can do to help the Company in its future growth).
The opportunity is now finally here and I, for one, see it as a golden opportunity for all our dreams to finally come through. Major corporations do not like to do business with companies that are not financially stable and this funding takes that problem out of the equation. The option, if the shareholders vote against the required restructuring, might just be the demise of TSIG. Is that what you really want to see happen, Ken. I certainly pray that is not your motivation and I am certainly not accusing you of anything, but if you continue to rehash old news and totally disregard the current, IMO, significant positive changes which have occurred at TSIG... well, what would you think?
Sorry, gotta run... expecting 50 people for dinner shortly. No, only kidding... actually just going out to dinner with some friends... it's only 7pm here on the West Coast.
To all who read this, please remember... do your own DD, form your own opinions and make your own decisions.
Best always,
Marty |
