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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 (1548)	6/29/1998 12:27:00 PM
From: JEFF BERRY	Read Replies (2) \| Respond to of 44908

Marty, You do not have to be sorry to disagree with my conclusions or opinions. You certainly have a right to your own. To address some of your comments in the last post: A) Mr. Gordon has covered himself quite well legally. He has properly filed all transactions, and by virtue of "giving" TSIG a 6% position in the new holdings company he covers himself there as well. He could reasonably argue that this was in the best interests of TSIG shareholders. B)Mr. Gordon is not new to bankrupcy game. Filings indicate that he has successfully acquired companies in bankrupcy by buying out the interests of the "secured" creditors. He has also been involved with reorganizations and bankrupcy's of companies that he has owned in the past. Most recently in Dec of 97 ..A quote from the filing: "In December 1997, Phoenix information systems corp, declared bankrupcy under Chapter 11 of the U.S. bankrupcy code. At that time,Robert P. Gordon, Paul Henry and Robert J. Conrads were directors of Phoenix, and Mr Gordon and Mr Henry were also officers of Phoenix." Prior to the bankrupcy the SEC took action against Mr. Gordon and Harvest International a private company owned by Mr. Gordon. The SEC imposed a cease and desist order on Harvest and Mr Gordon relating to issues of misrepresentation involving "Phoenix". As is the case with most SEC actions the SEC accepted a settlement offer from Harvest and Mr Gordon with nothing more then just a slap on the wrist of Mr Gordon and Harvest a private company controlled by Mr. Gordon. Excerpt from the filing: "Without admitting or denying liability, Harvest and Mr. Gordon consented to the cease and desist order alleging violations of section 17a of the 1933 act and section 10b and rule 10b-5 of the 1934 act by reason of alleged misrepresentations" Mr Gordon has not only covered himself well in the TSIG matter, his experience with violations that may arise, or that are claimed by the SEC have taught him how negotiate his way to settlement without admitting blame, thus allowing him to continued involvement with public company's. Marty, The statesmen Patrick Henry said: "I know of no way of judging the future but by the past"......The past in my opinion does not reflect well on the future for TSIG Respectfully, JAB