First things first.
Today is ROSH HASHANAH. It is the Jewish New Year, the beginning of a ten-day period of repentance and prayer that ends on Yom Kippur. It is usually observed for two days. Rosh Hashanah marks the anniversary of the birthday of the world.
Happy New Year to all those who celebrate ROSH HASHANAH.
To All
I visited TSIG on Friday at 10 am and met with Rob Gordon and James Guild. This was my third visit and quite frankly my reason for being there has shifted from the perspective of a shareholder to someone sincerely interested in the opportunity to make a genuine contribution.
Because of this, my comments are going to be somewhat different in their tenor. Please be aware however, that the only thing that has changed regards my enthusiasm for TSIG's prospects is that it's increased. Everything that I have spoken of before appears to be moving forward. Additional deals are in the works and appear to be closeable within a short period of time.
Let's talk about timing. We have all been sorely disappointed when it comes to missed deadlines. On this last visit I made a pact with myself that I wouldn't predict anything based upon statements made to me. While this post refers to certain events, please pay close attention. For the most part I have made no reference to weeks, days or months. I've couched these references to timing in terms that allow for wider interpretation. While I may have specific times in mind I'll leave you to determine your own point of reference. When it comes to time frames projected into next year I'll be more pointed.
Also on the missed deadlines aspect of the recent months, I believe It is important to note that TSIG is emerging from a low point in its history and quite frankly could have gone in the dumper at numerous times this past year. In fact they're still not out of the woods. Albeit, I personally believe that they are on the threshold of incredible growth, there are still many unknowns. This is, in my estimation, TSIG's turning point. During this time RG has had all too many things to consider every day just to keep the door open. If all there was to do, was to focus on the PP, as important as it was, there were many other responsibilities that also had to be prioritized. All the while not losing sight of the big picture.
He's put a new staff in place, replaced the top person in that lineup mid-changeover and had to convey to all his vision for the combined companies. This wasn't/isn't an easy task. It's still ongoing. Statements of specific timing from him may have been flawed due to his optimism, new and unproven management, new venture and new vendors and the nature of the substantial challenges he's faced this past year. Imho.
With that said, please understand that the net site was the baby of the previous new president that departed late June, actually sometime in July, and was essentially completed without her. A busted play to be sure. I am confident that it will be up and running when it's needed for our business model. From the start this net site has been an extraordinary challenge. It is being brought up to operating standards as we speak and it will evolve as we go forward. As I have explained before, at this time we are not soliciting the public, and technically do not have a customer base to disappoint. The only ones who come close to fitting this description are shareholders and as long as we continue to proactively contribute to the site's improvement, we don't count. The site will be operable when we begin to market to the public. And please be aware that the public, as in the sense of how our competition views it, will not be the focus of new business. Remember, we're not in the CD business, we're in The Card business.
So if you're sitting there watching your shares drop in value while the nervous exit I cannot advise any of you to buy more. What I can do is tell you that I am looking for more dough, to buy for myself. You have to evaluate the risk according to your needs. For mine, this is the right thing to do.
This may be the last time I will be able to refer to any events surrounding TSIG. The PP as has been noted all too many times is done. So I am led to believe, as have all of us during our CC with RG a few weeks ago. Like you, I am also at the mercy of the timing gods. I know nothing. Rumors until they are PR'd.
There is "rumor" of a new deal on the horizon. It will be a partnership deal for CCI. While I do not know specifics that I can print, when announced, it'll hopefully begin to shape the marketing mosaic of our guerrilla warfare term so that the investing public will easily and rapidly understand it. I can say that if it becomes a reality, ."it will put CCI in front of the American public virtually 24 hours a day, 7 days a week," and for a substantial period of time during the year. Free of charge. Actually CCI will be paid for it. Before any CD's are purchased. If my hunch is correct, and if investors begin to make extrapolations of this deal with other prospective entities, all hell may break loose with regards to public awareness. Both the investing and consuming public.
Another deal is rumored to be in the works, a TSIG client deal that may have a material impact upon the call center's future. Once again I don't know the specifics well enough to venture more info, just that serious discussions are leading towards an agreement of significant proportions. This client chased TSIG due to a vendor that the two companies have in common.
Another opportunity will be coming CCI's way in the next 4 weeks. (Do not confuse opportunity with a signed deal.) If it's successfully concluded, it will be a partnering arrangement that may be able to reach as many as 10 plus million potential clients. I have no details and no timeline except that I do know that the client is pursuing CCI.
There is much, much more but I think you get the idea. I am firmly of the belief that TSIG will be an opportunity that will make 1998 regardless of what happens to the overall market. I would love to give you my projections for the share price for 4 weeks 12 weeks, 6 months etc. If I did I'm confident that you would react much the same as I would if I were in your shoes. So, once again, I'll try to save myself from being grossly embarrassed and let you reach your own conclusions. I mean, no one in their right mind would reach my conclusions. Unless of course you understood what I believe I understand.
So, in conclusion, don't buy TSIG because of my posting, please do your own DD, ask good questions, try to understand the business model, (this is really the secret,and most of us really don't get it the first or second time around,) try to extrapolate the concept to other organizations as you are told more of the specifics of each of the forthcoming partnering agreements, and good luck. (I say luck out of habit, but I sincerely don't believe that luck will have much to do with it.)
Rich |
