To: JEFF BERRY who wrote (1387 ) 6/22/1998 11:40:00 AM From: StkProfit$ Respond to of 44908
IMO, you have some very good points that even we longs should keep in mind going down the road. Based on your current views, you appear not to believe in the new managements abilities, so it would probably be in your best interests to NOT BUY, or SELL if you own it. I AM TAKING THE RISK represented @ todays prices of .25-.51 because I believe the management is AT LEAST a cut ABOVE AVERAGE, and I believe good management can turn a company around, generally speaking, in 6 months to a year and a half. Therefore, as a current advocate of TSIG, I recommend TSIG primarily to investors willing to stick it out for 6-18months. Other, short term traders/investors, IMO, have much greater risk since the likelihood of immediate payoff is much more suspect given your above stated points of overcoming a "bad" rep, settling the suits, and the debt in the next 18months or less. If they are unable to overcome these hurdles, your points IMO will cause the company to fail, but how often do you get a chance to buy quality cheap? It's like buying a dirt farm with suspected oil reserves, upon seeing the high grade core samples(eg the new management) you either take the risk or you don't!! To address your points in general: 1) This was IN FACT a VERY STINKY company with poor management BEFORE APRIL!! And the new management will have to stick around and WITH THEIR GOOD REPUTATIONS put to rest the company's bad rep past. EOD. IMO, Any previous company suits will have to be settled and replaced with new customers. (IMO it's easier AND CHEAPER to replace dissatisfied customers who are not willing to forgive your past mistakes) Any deals with past dissatisfied customers who can forgive, of course, should be given a discount on services, and kept. Whether or not TSIG does these things well will only be answered with time. My own question about TSIG is as follows: "Since so much IMO is riding on the new management of TSIG my two questions are, (1)what are the agreements/incentives that will keep Tim H. et al from jumping ship anytime soon, and (2) what are the current commitments from top management (in other words, who's putting in the "hours" and who isn't)?"