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To: Randomm who wrote (1581)5/18/1998 12:14:00 PM
From: flightlessbird  Read Replies (1) | Respond to of 4230
 
Thanks Randomm -- even though I thought that the initial Form D filing may have reflected Linzy Capital, the other usage is entirely consistent with everything the company has stated. Trace this thread back to the time period just prior to Tigershark's release regarding the stock volatility and you will find posts from me that stated the reason for the expansion of the float from 900k to 2.2 million involved an issuance of shares related to the reverse merger transaction. This has been known by us for quite some time. Apparently, in light of the fact that TGSK never actually took Linzy up on its offer (except to place some shares in escrow as good faith - again, NOT an actual exchange since such shares are contingent), no Form D was filed with respect to Linzy.

Thanks Randomm for posting the Sitra response. Folks, I have spoken to Sitra numerous times. I have also spoken to dozens and dozens of other IR reps for otc stocks. There is no comparison. Scott Sitra is in a class by himself in terms of his forthrightness and communications. For those that are unaware, there were indeed certain aspects of the prior IR firm that handled TGSK. Colin made the very wise decision of entrusting this much potential into much safer hands. He made this decision quickly and decisively just as he responded to the shorting activity and volatility with a buyback. You should be pleased that your CEO recognized the need for a reputbable IR firm early. There were indeed inexcusable errors with the pre-Sitra press releases. Since Sitra has come on, I believe the company has been upfront on EVERYTHING.



To: Randomm who wrote (1581)5/18/1998 12:45:00 PM
From: flightlessbird  Read Replies (3) | Respond to of 4230
 
BTW - is it just me or did everyone miss that very important piece of news -- TGSK has completed its buyback!!!! 510k shares on the open market. HELLLOOOOO?????? Anybody looking for any more commitment from management as to how well they are doing?? Notice also they are deliberating on a further buyback (consistent with the Bristol press release earmarking $1 million for a further buyback as necessary). This is just my prediction (and hope) but I think we will see another commitment of 300-500k shares for a second buyback. It is my strong hope that this happens as I know that any shares bought back are considered the strongest hands possible and will not under any circumstances be giving back shares to the MMs as cover. I would much rather see another 300-500k bought up by the company than 300-500k bought up by small investors who might bail during a panic attack induces by another round of shorting. Anyway, no way to tell what Colin will decide on a buyback but my guess is that things are humming at TGSK and the stock price still lags well behind. Take the 510k buyback as the strongest signal management can send to us without telling us anything inside -- they are doing VERY well, they believe the stock will obtain a much higher valuation, they feel confident in a nasdaq small cap listing, and they expect SEC Form 10 approval. I think this piece of news today is excellent. And the fact that they are considering a further buyback means we may continue to receive excellent price support to limit our downside even further (as if it could be).