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To: Jerry S. who wrote (552)	4/22/1998 9:32:00 PM
From: flightlessbird	Read Replies (3) \| Respond to of 4230

Sven: If you are trying to be meticulously accurate you need to account for the share increase which means that under last year's share count, this quarter's earnings would be .122 eps (assumes 5.98 million shares outstanding). And if TGSK earns 2.25 million for 1998 that would translate to .38 eps on last year's shares. That is why Colin noted that earnings reflected a 21% increase in shares (also why he noted that the new credit line virtually eliminates the need for share dilution). I just think it important to note that a straight up comparison of .10 this quarter to .09 in last year's 1Q is inaccurate. The TRUE measure of success appears in the growth rate. I show a 40% growth rate in revenues and ~38% growth rare in earnings. The jump from .09 to .10 in eps for the quarter is misleading because of the share count. The growth is what is important. If TGSK shows ~40% revenue and earnings growth throughout 1998, TGSK will be rewarded handsomely. Remember for mature growth companies, PE is supposed to equal growth rate. I'm not demanding a PE of 40 (unrealistic until company achieves a nasdaq listing) but even at the most conservative 10x earnings valuation, TGSK's minimum value is >$3. And a nasdaq listing at some point before the close of 1998, IMO, will generate much more than an extremely conservative valuation. All in all, I would say today's news was flat-out superb. Company has done EVERYTHING right to me so far. I did what I could and ponied up some additional money today to add to my position. Remember that earnings and fundamentals will bring in the REAL market makers. Hype and pumping will only bring in the crooked market makers. Today's release is a strong step forward in generating interest from more mature institutions and market makers. Just imagine what the crooked market makers start thinking when an investment banking firm of a more prestigious caliber steps up to the market as a MM. And this WILL happen IMO because of the extreme undervaluation and the strong track record fundamentally. When larger institutions begin taking positions, the crooked market makers will know the float is truly falling into strong hands and games will begin to disappear. Also, as I said before, a low price right now means our company will buy back more shares. That is better for us long-term because that knocks those shares out of the count and into strong hands. The lower the price is, the more shares will fall into stronger hands. Anybody actually SELLING at this point is a weak hand and no big deal. This low price just means more of the float gets bought up by the strong. Also, C.Ken: just for clarification, voluntary filing does NOT remove TGSK from the OTC BB and place them on Nasdaq. That is an entirely separate process necesitating compliance with various Nasdaq requirements. It's definitely the right step and a great commitment, but it is just one of the steps. When it happens, though, it will be greatly welcomed by the investment community. I look for it to happen quite soon.

To: Jerry S. who wrote (552)	4/22/1998 9:46:00 PM
From: PistolPete	Read Replies (1) \| Respond to of 4230

You can dream right along with me, Jerry. eps would have been .12 if it weren't for the add'l shares. I'm willing to bet (hey, come to think of it, I've already placed my bet)that Tigershark will see .40 this year. Remember also that this year they are expanding; more dealers, more territory, more credit... Until recently I was thinking that when one of the IRs talked about $9+ in 12 months it was just wishful thinking on his part, now I'm thinking we'll see it in the next 9 months.