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


To: Martin E. Frankel who wrote (979)6/4/1998 4:07:00 AM
From: Mister_Ex  Read Replies (1) | Respond to of 44908
 
Marty,

Thanks you for answering Jeff's questions so well. I just finished getting caught up on all the posts and it's already 12:36 AM! I gotta find more time.

I have comments on several of yesterday's posts, but I will address just two here while I can still keep my eyes open.

Jeff's concern about Compact Connection's unaudited profit numbers may have sound basis. To make sure that this wasn't an issue, CC raised the CD prices from $8.99 to $9.99 and increased their shipping charge from $1 per CD to $2 for the first CD plus $1 for each additional CD. This is still well below anyone else for current release CDs. CC's ability to undercut the competition is what will make them successful. Ask my 11 year old son. He surfs around looking for the great deals - but asks me to order from Compact Connection (via telephone, of course). Also, remember that CC has already been recommended by Consumer Reports as the least expensive way to buy CDs. I lent my material to a friend, but I believe this came out about 6 or 8 months ago. I will post again with the exact issue. Also, the expansion of CC's telephone business is booming (read the Piercy interview from Gambler's setup at the top of this message board - he quotes 2000 to 3000 new customers per day). When I've placed telephone orders, I've asked the customer rep how busy they are. They are swamped - which is why teaming up with TSIG makes so much sense. CC can't grow fast enough without them.

Secondly, I believe the term "rollup" is used incorrectly. A new company (NewCo) is being formed with the help of TSIG's management. NewCo will not own 15% of TSIG. It's the other way around. TSIG will own 15% of NewCo. Plus TSIG may get some cash for putting the deal together.

Time to go to bed!

Mister Ex