SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : TPII - Year 2000 (Y2K); Groupware; Client Server Migration -- Ignore unavailable to you. Want to Upgrade?


To: JOHN IACOVACCI who wrote (9037)10/15/1998 1:21:00 PM
From: MB  Read Replies (4) | Respond to of 10903
 
I'm here, watching and waiting...

TPI is either going to make it or they're not. If you don't think they are, bail now while you can. If you think they'll make it, then it's absolutely insane not to be averaging down at these levels, unless of course you already have a great avg. price. I personally want out of this altogether, but refuse to sell down here. I've been buying more, a little at a time so I can get out sooner than later.

Other tidbits of info straight from John McGee:

37 full time employees
10-15 contractors (on an as needed basis)
325K/month burn rate (not as bad as I thought)
16.7M shares outstanding with 10.2M in the float
Groupware business earning approx. $100K/month
Swears only $2M done in debentures, last one being 7/10 (we shall see)
Kernaghan hasn't converted since May 14th & 15th

Also thinks current price level is absolutely ridiculous and in no way fairly represents TPI's financial situation.

That's about it. Take it anyway you like.