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


To: JEFF BERRY who wrote (910)6/2/1998 12:13:00 AM
From: neverenough  Read Replies (2) | Respond to of 44908
 
>>>While the money could very well be there and available to tsig to help satify short term liquidity needs, it is by no means guaranteed to be there.<<<

Your right it's not guaranteed to be there, but the real question is will they even need it? For all we know the revolving credit line was just put up to satisfy the creditors and shareholders. IMO CCI is where the money is and I happen to like the risk/reward ratio. Bottom line if CCI comes through with their predictions, then profits won't be far behind.

"We plan to be generating revenues at the rate of $100 million per year within 18 months."

I think $100 million per year in revenues from CCI alone would put this company in the black, don't you?

Nigel



To: JEFF BERRY who wrote (910)6/2/1998 1:54:00 AM
From: Mister_Ex  Read Replies (3) | Respond to of 44908
 
I have heard that the Private Placement is on track to be released very soon, probably this week or next. They plan to raise $7.5M which should more than take care of their current cash crunch. I also heard that it was very well received in at least one preview presentation last week. Earlier I had heard that the PP may already be presold out as brokers have been eager to peddle this placement and have signed up for large share blocks.

I agree that the terms of Mr. Gordon's loan appear overly favorable to him. If the PP goes as expected, his funds should not be required. Hopefully we can view these as emergency funds only.

I can confirm that the CC web site is anticipated to open in the third or fourth week in June. There will be intensive testing of all aspects (not just the web site but call handling capability, shipping, billing, etc.). We're talking lots of increased volume here with a full fledged media blitz.

I had expressed a concern to management that current delivery time for CDs was unacceptably slow - quoted at 2-3 weeks. The CD's I ordered via my Music Card took 12 days to be delivered via US Mail - still unacceptably slow IMO. Management has taken the bull by the horns on this issue and is expected to quote that orders will be shipped from 24 to 72 hours after receipt of order. This will make my 11 year old son very happy (although he would much prefer 24 to 72 minutes!).

Expect word of mouth to light CD sales on fire. There's nothing like a bunch of teenagers (and sub-teenagers in my instance) to spread the word - and it will be very fashionable and easy to do their buying over the internet (if they can get Mom, Dad or big brother to agree to order for them on their credit card). Prepayment from my son (in cash!!) is always required. My son is already offering my ordering capabilities to his eager friends!!

Mister Ex



To: JEFF BERRY who wrote (910)6/2/1998 1:56:00 PM
From: Suzanne Newsome  Read Replies (4) | Respond to of 44908
 
To put it very bluntly, the SEC documents need to be cleaned up. There are several problems that are not going to solved until the company becomes profitable. Happily, there are good reasons to think this is going to be soon. In the meantime, there is a simple step Mr. Gordon could take which would not adversely affect the company's cash position and would be a show of good faith to the stockholders. There is a tremendous credibility gap between the CEO and the stockholders. Why doesn't Mr. Gordon simply renegotiate the terms of the $5 million note; instead of receiving stock at $.15 per share, he could convert debt into stock at 8% less than the 5-day moving average of the stock price at the time of conversion. This would give him a reasonable return for the use of his money, and would be fairer to the stockholders who must pay 2-3 times $.15 on the open market for their shares.

Until the SEC documents are cleaned up, TSIG is going to be shunned by a very large segment of the investing public. I feel so strongly about this (and a few other issues) that I would be willing to draft a letter to Mr. Gordon requesting a renegotiating of the note as outlined above. Obviously, it is my right to do so as a individual, but a letter from SI members would carry a great deal more weight.

I would be interested in everybody's input on this matter.

Regards, Suzanne