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

To: Stuart Schreiber who wrote (180)	5/7/1998 7:52:00 PM
From: AJ Berger	Read Replies (1) \| Respond to of 44908

The following quote is from a post on CIS Investors Forum: >>>Yikes, it sure is quiet around here. Perhaps we're waiting to hear the big boom when TSIG hits absolute bottom once and for all. I'm in TSIG at $.29 and became slightly alarmed at its downward spiral. Yesterday, I checked out the stockprofiles.com site and found out that TSIG had filed a 10KSB on the 15th. In the 10KSB, the accountants express the opinion that TSIG may not be a viable concern. The loss for '97 was $.70 per share. There's less than half a million in current assets, and there are $5.5 million in acounts payable. The liquidity crisis is rather immediate. To be blunt, I was pretty ticked at the gap between all the hype coming from the company and the sorry state of affairs protrayed by the 10KSB. I called VistaQuest (PR firm) in New York and talked to Bill Kabash. He says the company needs to raise $6 million dollars soon and is in the process of arranging a private placement. He said it was known the company would report a loss in '97 and it was decided to take every expense legally allowable in '97. This overstates the loss in '97, but should also enhance the profit in '98. He said the teleservices section would be profitable in the 2nd quarter. He is particularly excited about the newly acquired business of selling CD's on the Internet and feels the recent jump in Internet stocks is an indication of the company's potential. He admits the risk is very high, but has recommended TSIG as a buy for those who can tolerate this risk. So, who to believe? The accountants, the PR firm, or management. It seems to me there are 2 critical questions: 1) can management raise $6 million quickly enough to cover the immediate cash needs? and 2) will the teleservices business and the Internet CD business be profitable enough in light of the increasing number of shares outstanding? Please jump in if you have anything to add to this interesting dilemma. <<<<<