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To: JEFF BERRY who wrote (1860)7/9/1998 1:24:00 AM
From: Martin E. Frankel  Respond to of 44908
 
Jeff,

<<< I have just finished reading through the posts of the past week and your's is the only request for explanation of my statements that:

Mr. Gordon's statements as posted in Gambler's interview with Mr Gordon on 6/30/98 (post #1594) "are in conflict with the known facts as contained in public records and court documents. Explanations given by Mr. Gordon also have yet to be verified by SEC filings that would be required if Mr. Gordon's statements are true. Also, some of his statements struggle for a basis in logic and reason"

While many on this thread claim to invite balanced coverage of the issues, you are the only one that has requested the factual basis and DD to substantiate my above claim and statement. >>>

I don't believe this is quite true, Jeff. Numerous posts were made, defacto, for you to report "the factual basis and DD to substantiate (your) above claim and statement."

Secondly, please explain to me what "Explanations given by Mr. Gordon also have yet to be verified by SEC filings that would be required if Mr. Gordon's statements are true." Since when is a Company required to file every matter or modification with the SEC... unless they are substantial and could significantly affect the shareholders or are required (as in the ordinary course of business) quarterly filings?

Finally, "some of his statements struggle for a basis in logic and reason". I'm all ears. Please explain the "struggle for a basis in logic and reason"?

You give out significant verbiage, but now at least you cannot deny you have at least two (2) requests for a detailed explanation of your DD... and hopefully not just a rehash of the old. There are three (3) statements you have made and I and I'm sure others would like to hear your explanations regarding all three. There is an old expression... if you can't dazzle them with brilliance, baffle them with B.S.. I'm not saying you're comments are not well intentioned, but I suggest... as I have done before... that you call Mr. Gordon directly at TSIG and speak with him personally. Ask away as this is far better than a conference call as you can address the issues that are of concern to you. I don't object to a CC, but I think you would be happier with a one on one call and I'm certain it can be arranged for someone else of your choosing to be on the line as a witness. Why don't you take up that "challenge" rather being so repetitive with your hypotheses and guesses? After all a call doesn't have to take that long and I believe Mr. Gordon will answer your questions to your satisfaction.

Best wishes,

Marty



To: JEFF BERRY who wrote (1860)7/9/1998 1:46:00 AM
From: Mister_Ex  Respond to of 44908
 
Thanks Jeff. I'm looking forward to hearing the rest of your due diligence GMT (that's Gritting My Teeth!). My position is large enough that I can't afford to be caught off guard. Plus, I have investor friends and family that have been following me from previous winners. I have looked into some of what you are alluding to and have found nothing substantial enough to convince me to sell any stock. BTW, my due diligence in this area has been much more thorough than conversations with Robert Gordon - but that is always a good place to start and I commend those that called him and posted their results here. We all learn from those posts - provides new data to verify.

While I'm at it, here are a couple pieces of information. First of all, the CC web site that disappeared was the beta test site. Apparently a few others here knew its address. The site has been moved to another server and the address changed to allow more thorough testing.

The CC web site is getting close to opening but not quite as close as we all would like. The July 15 date is out of the question. The site will not open until the end of the month at the earliest.

The Private Placement is out. I received my copy last week. My initial reaction was negative, but now that the stock price has risen, it makes more sense. I have heard that they are now getting favorable responses and substantial commitments. Presentations are ongoing. Also, although the PPM is for $7.5 million, they can get by for about half that if necessary. It is not anywhere as near dilutive as had been originally feared.

An accountant friend of mine is also a TSIG investor (as well as ULB which is also an especially good play right now in case anybody is interested). He confirmed that the IRS will essentially bend over backwards to keep from shutting a company down. He has been involved with several companies in similar situations to TSIG and was able to hold off the IRS with relatively minimal payments. Especially today with all of the negative PR that the IRS has taken, they do not want to viewed as the bad guy costing many people their jobs.

Mister Ex