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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG) -- Ignore unavailable to you. Want to Upgrade?

To: Jim B who wrote (9282)	11/6/1998 10:20:00 PM
From: Mags	Read Replies (1) \| Respond to of 44908

What do you mean by "but I sill think the shares out are hurting the stock and ultimately it will take either the company buying back some shares "? Here is a slightly altered message that I have repeatedly sent to people who insist upon buybacks simply to reduce the total shares outstanding. The only reason for a stock buyback plan is if TSIG cannot deploy its capital more profitably than individual investors can. Buying back stock just to reduce the total O/S is uneconomical and irrational. Similarly, if TSIG identifies more opportunities for profitable acquisitions and/or other investments that require additional equity capital, then by all means TSIG should issue additional shares. The earnings generated from the acquisitions/investments will more than offset the dilution that occurs. Mechanical issuing/repurchasing of stock for any reasons other than those listed above is a foolish endeavor that will ultimately result in a lower valuation. Of course the down side to issuing additional shares is that management doesn't deploy the capital profitably and the there is no increase in earnings to offset the dilution.

To: Jim B who wrote (9282)	11/7/1998 8:10:00 AM
From: REW	Read Replies (3) \| Respond to of 44908

First I want it to be known I do not feel I have been stiffed by TSIG management. They have been subjected to the normal excitement of anticipation of accomplishment of projected and announced goals only to be followed with the disappointment of unforseen delays in implementation. This last meeting showed an RG slightly more subdued into realism. The forcasting seemed more thoughtful and attainable. I have no desire to discuss the way and manner of how another company performes on the business cycle or investment dance floor. How stockholders treat others stock values is not of value here. TSIG will be responded to upon its own merits. If you do not think TSIG can deliver on its stated business plan, then you may have mace the wrong choice in investments. Normally investors become involved when they believe the choice they made will reward them. The outstanding share count is of little importance in the scheme of things except to the daytrader and event investor. We may not have the impressive move you want but the rewards we want will come in the future with solid earnings growth. There is no reason for stock buybacks from a growing company. The necesity of revenue for continuing growth and completion of the business plan negates that course of action. The stock will attain a higher growth with the capital utilized in completion of the stated business plan. I would suggest some DD of your own to bolster your confidence since that done by the members seems to not be helping. Bob