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To: ztect who wrote (1090)5/4/1998 2:01:00 PM
From: ztect  Respond to of 4230
 
***RESPONSE FROM J. SCOTT SITRA*****

In response to earlier ztect post......

Mr Sitra's replies,

Yes, in a nutshell that is good synopsis of Tigershark Enterprises, Inc.

Tigershark has built a solid dealer network throughout Northern Mexico. While intangible, this dealer network is Tigershark largest asset and is the driving force behind attracting manufacturers of quality products, such as Mercury Marine and Cruisers Yachts, for
distribution. Tigershark is constantly working to improve this network and is currently expanding it north into the U.S. and south into Central America.

NAFTA has definately played an important role in Tigershark's success. Prior to NAFTA products crossing the U.S./Mexico border
could spend days, if not weeks, in customs. Now products cross the
border with usually nothing more than a cursory inspection.

The key to Tigershark's future success is managing growth so that gross margins remain intact. Management has proven their ability to do this through several years of operating profits and stable margins.

I hope this helps answer your questions. If you have any further questions, please feel free to contact me.

Sincerely,

J. Scott Sitra
Tigershark Enterprises Investor Relations
sitra.com
tgsk@sitra.com
(512) 453-3817
(512) 453-7553 fax
P. O. Box 50404
Austin, Texas 78763



To: ztect who wrote (1090)5/4/1998 2:07:00 PM
From: ztect  Read Replies (1) | Respond to of 4230
 
****RESPONSE 2 FROM J. SCOTT SITRA*****

In response to an email message from ztect,

J.Scott Sitra replies,

Sitra Enterprises, Inc. is a private international management and financial consulting firm. Over the years we have done a lot of work with privately held companies with a growing emphasis on publicly traded companies.

At the present time we are working with only two publicly traded companies, Banyan Corporation (OTC BB: BANY) and, the one you are aware of, Tigershark Enterprises, Inc. (OTC BB: TGSK).

We started consulting with Banyan's management about a year or so ago, working to devise a plan to create a liquid market for its securities and assist with future funding and mergers/acquisitions. The situation was very bleak when we started. The stock had fallen from nearly $7 a share to 15 cents a share and was a "trade by appointment" stock, meaning the stock made two or three trades a month.

Beginning in mid-July 1997 we commenced an investor relations campaign to build a market for Banyan's stock which now averages about 80,000 shares a day. The stock has traded as high as 85 cents a share since we started working with them, but more importantly we have laid the groundwork to support a much stronger, long-term move back to the old highs.

In 1995 we started working with a company called BrainTech, Inc. (OTC BB: BNTI). When we started working with them they were strapped for cash and their stock was trading at a mere 20 cents a share. We were able to secure the necessary financing for them to complete their R&D work and enacted a PR campaign that drove the stock from 20 cents to $1.25 in less than six months. The stock fell after we quit working with the company and is now at around 60 cents a share.

On the private side, in 1992 we identified a group of horizontally drilled wells in Frio County, Texas that were flowing about 300 barrels a day.These wells were in the bankruptcy court because of mismanagement from the prior operator. Together with some of the
original investors we raised enough capital to repurchase the wells
from the bankruptcy court, rework the wells, and operate and maintain them properly. The wells were drilled for about $40 million and we picked them up, including over $1 million in field equipment, for $310,000. We then spent about an equal amount of maximizing production rates and efficiences. Due to a non-disclosure agreement we cannot name the company.

That's a little background on the type of work we do. Now, as far as the number of clients we take on. Yes, we are always looking for the next great deal and receive a lot of proposals and inquiries into our services. On average I would say we get between 40-60 inquiries a
month.

Some deals we can do without much effort, yet others such as Tigershark are longer-term in nature. On average we take on only three or four new deals a year. So yes, you could say we are highly selective.

Our criteria boils down to some basic items. First, is the proposal/business plan solid, meaning does it make sense and can it
be successfully executed even in the face of unexpected problems,
because there are always unexpected problems and delays. Second, is there really a market for the product or service. Third, is there a management team in place that can do this? Management is probably one of the single most important factors in taking on a new client. Without solid management, the greatest mouse trap in the world won't catch a mouse. And fourth, will it be worth our effort. Meaning, because we do not take on that many clients we cannot afford to take on unnecessary risks. If everything checks out, there is a good fit with management, and the plan makes sense and has a high degree of probability of suceeding, then it is worth our efforts. Otherwise, there is a stack of 30 other pending proposals waiting for our review.

I hope this helps answer your questions and concerns about our services and types of deals we look for. If you have any further questions, or need and additional information, please feel free to contact me.

Sincerely,

J. Scott Sitra
Tigershark Enterprises Investor Relations
sitra.com
tgsk@sitra.com
(512) 453-3817
(512) 453-7553 fax
P. O. Box 50404
Austin, Texas 78763