To: MB who wrote (8702 ) 9/10/1998 1:59:00 PM From: Jeffrey S. Mitchell Respond to of 10903
Amazing timing. The date of the conference call was the same day as the conversion. That allowed Mighton's friends to convert at a low just before he pumped the stock back up a few hours later. The MMs, of course, knew this and were only too happy to run the stock up for these guys to dump those new shares at a huge profit to everyone here who was suckered by the conference call. This is investor rape. Chart:tscn.com On July 8, Dave Gore reported from the conference call:They are considering many different options for additional monies (if necessary), but won't have to do debentures or anthing dilutive , it seems. #reply-5134185 Then, two days later, according to the 10Q:On July 10, 1998, the Company issued for cash, two $250,000 6% Convertible Debentures totaling $500,000. #reply-5713805The timing of the conference all, the blatant lies about not doing any more dilutive financing when if fact the deal was already done, the lack of effort to get a beta site with Bigisoft, and another horrible quarter, leads me to downgrade TPI from "possible SCAM" to "probable SCAM". Furthermore, I would not be surprised if kickbacks are being given to Mighton et al from these financings and funneled into their off-shore accounts. - Jeff FYI: To: MB (7977 ) From: Alan Coccio Wednesday, Jul 8 1998 1:02PM ET Reply #7979 of 8702 Looking very strong MB. 52 trades so far as I write this and only 10 have been sells. Bid up to 1.00 now which is very encouraging. I've seen nothing to account for this strength. Perhaps anticipation of something good coming from the conference call??? (EDIT) Now 67 trades (7 minutes later) and 1.06 X 1.12 #reply-5130417