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

To: JEFF BERRY who wrote (1534)	6/29/1998 1:43:00 AM
From: gambler	Read Replies (1) \| Respond to of 44908

Jeff, after completely scanning the recent S-8 filing I have to say I am somewhat concerned by the facts about Mr. Gordon selling shares. I want to thank you very much for bringing this to the attention of this thread. You have been doing a lot of research and have raised many valuable points and I would hope that you will continue to do so. This recent information needs immediate answers. I will be on the phone with Mr. Gordon tomorrow and will report my findings to the thread ASAP. There has to be a logical explanation for this, but right now I can't think of one. There seems to be no logical explanation and this greatly concerns me. I will approach this in an orderly manner and will try to maintain my composure over it. I will not be doing any selling of my holdings (if I do at all) until I get to the bottom of this. If my findings are not satisfactory I will alert the thread to my updated position on this company. As for now, I will not panic, nor will I sell a single share until this has been resolved one way or another. Please nobody panic. Even if the findings are somewhat negative, I still believe that I will remain long on 100% of my stock as I am certain the website and all other plans are still on track. Mr. Gordon's actions are that of one person (albeit the CEO) and I will treat them as that. If this was a mass occurrence within the company's management than I would be extremely worried, but it appears it isn't as no one else has sold their shares. It is possible Mr. Gordon needed cash for some reason and it is possible he needed the cash to support his $5 million revolving line of credit for TSIG. Who knows? But either way I don't like it, but we will get to the bottom of this NO DOUBT. Please wait for my report before taking any action in this matter. Jeff, thank you again for your DD. Gambler

To: JEFF BERRY who wrote (1534)	6/29/1998 3:12:00 AM
From: Martin E. Frankel	Read Replies (1) \| Respond to of 44908

Jeff, I owe you an apology. I pulled up the S-8 and it appears you are correct. However, quite frankly, I would have done the same thing. I agree with vicarboyz's hypothesis in his post #1536. Gordon has put up plenty of his own cash so far, and perhaps pulled some out to meet his credit line agreement as well as to recoup some of his seed money. I believe anyone would have done the same seeing how much stock he still has remaining and can get through options. Please remember he is probably working around the clock on this deal and I doubt if he is drawing any salary. I agree Gambler should confirm his reasons, but until I see a mass exodus of the employees or cashing in by other investors (insiders), I am not concerned. Why is it that it is perfectly OK for us "small time" investors to "sell half on a double and ride the rest for free", but the founder of a company who puts up millions of his own capital, works his rear-end off putting a company together shouldn't and can't do the same thing? I call it smart business and have not changed my outlook for the Company at all. Regardless of the terms of his line of credit, he still was and is prepared to follow through. The S-8 was filed on 6/25. I have not heard of any of the new management resigning or selling since then... have you? I'll be curious to see if Gambler comes up with the same response. In the interim, I'm looking to buy more, but this is just my opinion. Best always, Marty