To: Martin E. Frankel who wrote (19343 ) 3/8/1999 6:48:00 PM From: slaffe Read Replies (2) | Respond to of 44908
Hi marty <<This is tantalizing. Anyone care to speculate on what might be in the cards here?>> Earlier today I wroteThen came the vsi pr and I thought RG, you rascal, probably thought investors may not take kindly to that pr so better bury this piece of good news with even better news. Now I have a question for you. What could be even better news than all of the great news we have had recently? What kind of news would propel the share price? Obliviously a contract win pr isn't going to do it. If that were the case then surely the lifetime contract would have done it. Obliviously not any reorganization or new management additions are going to do it, so what will? Answer, nasdaq listing. We know that RG wants that. We also know there are one of three ways in which he can do it. 1) reverse split to get the share price up. 2) reverse merger into a nasdaq shell 3) satisfaction of all nasdaq requirements. Ok, we know that option #1 won't work. All that will do is diminish investor confidence and imho, tsig.com doesn't have anywhere near enough investor confidence as it is. If it were not for the true loyal long term shareholders that we currently have here and on the RB board, I shudder to think of where the price may be. Option #2, could be imho, right around the corner and would suit me perfectly. With the great management we currently have on board and the magnitude of the recent contract wins (300 million in revenues by my count) a reverse merger would not surprise me to be the next strategic move that RG makes. Option #3, satisfaction of nasdaq requirements. To the best of my knowledge (shooting from memory here), tsig.com is only lacking two requirements. 1) share price must be at $4 or above for thirty consecutive days. 2) net asset tangible value of 50mil or more. When the contract wins become revenues rather than just pr's, these two requirements should be met easily. However, while most stocks react in anticipation of news or revenues, tsig does not and imho will react only when the revenues from our business plan is proven. The proof of course will be in our 10'qs, whether that happens in the 2nd, 3rd or 4th quarter of this year is really irrelevant to me as I intend to have as many shares or more than I have now by year end. So what I'm trying to say is that imho a nasdaq listing is inevitable sometime this year. When that happens tsig.com will become attractive to a whole new batch of investors. Institutional investors will come on board. Investors that welcome a 20% or better yield will arrive en masse. And of course the share price will reflect, the o/s will become meaningless and RG may even have to consider a stock split to get the price down to be attractive to new investors. I would like everybody that reads this to ask themselves what they think would happen to the price of tsig.com when they go from revenues in 1998 of a little over 1 mil to revenues of 300mil+ in one year. Rg has my extreme confidence that he will not utilize option #1 and while option #2 should give us nasdaq listing faster, option #3 has my vote. Either way 1999 is the year for tsig. Just my .02 comments? Steven Jay lafferty