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Microcap & Penny Stocks : FSGI Corporation (OTCBB:FSGI) -- Ignore unavailable to you. Want to Upgrade?


To: Chief who wrote (72)1/16/1999 8:10:00 AM
From: FIJI  Read Replies (1) | Respond to of 75
 
I have followed the most recent dialogue and want to make a point. Mr. Spurlin (for the record my name is clearly identified under my info page, real person real name), i appreciate your post and i can surely understand your position regarding Mr. Joe Lents et al...but i must admonish you to be careful with speculation without fact. The fact is that, you are right the underlying revenue company was extracted from twti (financial standards )as a result of the bankruptcy. The fact is that Financial Standards did a private placement 504 at .75 cents a share and raised approximately 600k.The fact is that FSGI was formed entirely around the private placement (no shell)the fact is as of 12/31/98 there were 1.4 million shares issued and outstanding, the fact is that Mr.Jason Lents (pres of financial standards) owns 250,000 restricted shares, the fact is he is not mangement of TMAN.com, he remains as a board member, the fact is that financial standards is a wholly owned sub of TMAN.com, the fact is that 3,000,000 restricted shares were issued for the assets of TMAN.com bringing the total to approximately 4.4 million shares issued and outstanding. The fact is that new management beneficially owns super majority, the fact is that you are WRONG!...

But again we appreciate your insight and all of us should be alert to the promises and possible hidden agendas of small growth BB stocks. I have no love loss for the person you so vehemently despise, but i can assure you i would have dumped my position if i weren't comfortable with new management and business intregrity.

As a close this thread is now to be continued under CHOP-TMAN.com



To: Chief who wrote (72)1/23/1999 8:42:00 PM
From: Andrew Spurlin  Respond to of 75
 
CHIEF

I do not know, nor am I familiar with the individuals you speak of.

I was not familiar with Booth , Lewis and the others either until they put out completely false press releases, sold thier Reg S stock into the positive releases they made and sold the only thing of value some swamp land in Florida back to lents and then covered thier entire well thought out plan by producing the 8 and 10K months late.

These guys issued so many different classes of stock they allmost ran out of letters in the alphabet.....really

As the thread learned at the time it is nearly impossible to verify press releases. The company under Lents leadership consistantly produced missleading and many other times complete lies as press releases concerning earnings , revenues, company plans, and current shares outstanding etc.
One of the tools we used (until the company put a stop to it) was to call the transfer agent and get a current share count..as you know alot can happen between official filings with the SEC, especially if the company is allways late filing and allways has an excuse for doing so...I would let that be one of your clues if you see the current management engage in this practice.

Until the company produces I would look at this as a day trading stock not an investment.

This lents guy is good thief and he got away with it more than once.
To be honest with you I wish there were a legal way to short this BB stock but there is not...oh well I'll stay with company's that have the sharholders in mind.
The old thread is still around under TWTI

I do not and never will own any stock that has any lents management uncle niece nephew cousin or the big liar himself.

As you can see I do not capitalize the the thieves name as a show of complete disrespect for the idiot.

Regards,

Andrew Spurlin