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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 (1539)6/29/1998 9:38:00 AM
From: JEFF BERRY  Read Replies (1) | Respond to of 44908
 
Marty, Apology accepted. Thanks.

I will address a few of your questions and comments:

A)Mr. Gordon selling so as to support the LOC note?

If this is the case it raises even more disturbing questions. Mr. Gordon stated that the loan would not be needed due to the certainty of the P.P. to be completed in mid-July. Has the P.P. been delayed or now derailed? Also, if Mr. Gordon required the money to support the note commitment it means that he did not have the funds to back up the loan at the time that he committed to it. It would then be admission that the note was hastily drafted so as to provide comfort and security to shareholder who would have perhaps dumped their shares before he could dump his.

B)Mr. Gordon working around the clock/ no salary?

The filing clearly state that Mr Gordon is involved with other ventures and that he gives less then his full time to the interests of TSIG It also states that some of his actions could be potentially viewed as conflict of interest.........Mr. Gordon drew a salary of $158,247 in 1997. He also paid himself a $35,000 bonus in 97 as well..........Not bad for a company that lost over $18 million during the year.

C) Why shouldn't Mr Gordon have the same priviledge to sell half his holdings like the rest of us?

Remember Mr Gordon has inside information. Do you think it was a mere coincidence that he allowed the stock price to fall to .15 on April 20th wherein he reduced the option price on the first 7 million shares to .15 and also manufacture another option for himself for another 7 million shares on the same date and then only days later release a glowing press release of the acquisition completion of CCI?
A press release that was sure to drive up share price so that he could unload his .15 shares on the unsuspecting public?
Mr Gordon's participation in the stock has no risk. His basis is reduced to the lowest price and he controls the cards. He can manipulate when and if press releases are made all to his benefit.

Respectfully, JAB