To: Bill Monahan who wrote (1302 ) 6/16/1998 3:35:00 PM From: Mister_Ex Respond to of 44908
Bill. You are correct. Us ordinary folk can't short TSIG because it is not a marginable stock, i.e. it's trading for less than $5 per share. In asking around, however, I've confirmed that Market Makers can short this stock, but I doubt that this is happening now. The stock is just too cheap and there is so much potential good news on the horizon that should cause this stock to jump up. I've seen it double in one day (several months ago, well before we had this message board) - so I'm not too worried about the small price changes that have been occurring lately. The problem with this stock is that it's going to take a lot to make people true believers. I think that the doubters will be convinced and many will jump on the bandwagon when the CC website is finally operational. BTW, it does exist. I've seen a beta version myself. Also, one of my serious investor friends recently visited both TSIG and Hastings. Although a shareholder, he has been leery about TSIG - so much incredible potential interspersed with poor financials and other negatives. Bottom line - he now rates TSIG a Strong Buy (this certainly does not carry the weight of an analysts recommendation, but it means a lot to me). A few miscellaneous notes: The previous press release stated that TSIG and Regent Capital Management have a 6% equity interest in Holdings (NewCo). I thought this sounded evasive and asked what the split was between TSIG and Regent. It turns out this was just poor wording on the press release. TSIG and Regent EACH have a 6% interest in Holdings. Regent is an private equity corporation. I was also able to confirm that TSIG's 6% is worth about $1M today and could be worth much more in the future. Moral is very high at TSIG now that the previous management is gone. We are hearing that long time employees that had never previously bought stock in TSIG are now buying!! Although everyone's eyes are focused on CC, excellent progress is being made in the teleservices market as well. Gambler, I've tried selling the kids in order to buy more TSIG as you suggested. However, I haven't found anyone (including those lowly Market Makers) that are willing to take on the large accumulated debt associated with each - and I hate to sell at a loss. I'll keep looking. Mister Ex