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.

Gold/Mining/Energy : TS TELECOM (www.tstelecom.com): ASPIRING TELECO -- Ignore unavailable to you. Want to Upgrade?

To: Ciao who wrote (1540)	6/22/2000 11:59:00 PM
From: speculatingvalue	Respond to of 1762

I still don't feel I got a satisfactory answer to: A) Why they didn't need shareholder approval to spin off TOM's only asset and why we weren't offered a chance to participate in the prospectus. B) Why they were able to gift themselves 6% of the company without shareholder approval. (TOM kept 64%, 30% went to the IPO and 6% was given to management.) C) Why 8003 would trade such volume below the IPO price. Who would sell less than they paid ($1.50 HK) when the future looked so strong? In my mind, the only ones who could sell less than that profitably were management with their free 6%. The placement was way oversubscribed !?! D) Why their CFO, Andrew, quit. E) Why they don't disclose material changes. They refused to confirm the financing even when it was posted on the web site when I wrote to them as it was "insider information". I continue to find material information on the site which isn't disclosed by press release as required by the CDNX. I think there is a certain lack of trust of management which is causing the stock to lag. I'm concerned that with the company spread through holdings offshore and in China that some of the value could not be reflected up to TOM. If anyone goes to the shareholder's meeting, I'd be interested in their take on management integrity.