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To: john carr who wrote (2521)8/24/1998 10:12:00 PM
From: Jim Johnson  Read Replies (2) | Respond to of 4230
 
John, and John,

I think the trigger has been pulled. We just haven't heard or seen the bang yet. It has been pulled with the rights offering and from the institutional investors I have been speaking to the Y2K thing is gonna be a very real problem! Many of the people are going to be pulling investment certs for that reason alone, so that adds fuel to the fire. Personally, my broker assured me my certs are in his vault, but as of today I decided to phone him tomorrow, pay the few bucks extra and get them in my own hands. Since I have no intention of selling them anytime soon, it won't hurt but a few dollars and those few dollars may well assist my investment in a large way. Not that I am a large stockholder, I only have about 4500 mshares, but it will take those 4500 off the market, again adding fuel to the fire.

When the rights offering kicks in I think we will both see and hear the bang. The plan is ingenious! I and TGSK have nothing to lose and so much to gain! Again, and I may be wrong, but I doubt it, I believe the trigger has already been pulled. Much like a lightening bolt, the clap of thunder takes a bit to be heard.

What I am dubious on is the SEC filing. I may be wrong, but I believe once the filing is done, the company is not allowed to say a word about financials until the SEC completely goes over the audit and Ok's it release. That often takes 30 days and can take as much as 90 days.
If this is true, we may be in the dark for quite a spell until the SEC does their thing. So if they were to file tomorrow it is possible we could be in the dark until November possibly. Again, I may be incorrect on this. Can anyone who has the knowledge clarify on this?

Jim J