To: Martin E. Frankel who wrote (19712 ) 3/10/1999 9:24:00 AM From: The Swordsman Read Replies (4) | Respond to of 44908
Individual feelings aside, I cannot help but make some observations, and they are not pretty. For a group of supposedly seriously interested investors? that post regularly about a given investment, TSIG, you folks get a bit embarrassing to call fellow investors? . My antics last week were driven by one thing and one thing only; A major change in the reason why I invested in the first place! I won't belabor the issue, it's past and I have absorbed the shock and its mitigation by virtue of Marty's written response from TSIG. Which by the way still leaves some questions. But for the time being, I'll wait for final definition. Thank you Dr. Frankel, keep up the great effort. However, as I read all the drivel being posted about your feelings about this and reasons for that, to sell or not to sell, and where the stock price is going, etc., I fail to see one very important item; A major change in the reason why you invested in the first place! Aside from the now ancient history revelation of an unexpectedly potential steep dilution, everything's getting stronger with each passing announcement. What the hell are you people whining about? Take a deep breath and understand what's going on. TSIG is now constructing a foundation from which to operate. It now has one of the preeminent Internet gurus in the world as it's lead person in a new division focused on bringing new and established clients into the corporate fold. This same top notch person, will soon have a staff, and I have to believe they will not be unfamiliar to him, that will also serve the wide ranging internal needs of TSIG's growing Internet presence. Revenues? When will revenues appear? I would have to conclude that revenues cannot appear until card sales begin. There are numerous alliances/relationships that have been established and I have to believe that many more are in the works. Look at the credentials of all the new hires. Card sales will happen. Time, friends, if I may be so bold, time is what it will take. But it seems that you are all missing something here. By my calculations TSIG needs to sell only 25,000 cards a week, at $5 per card to break even. And that's without the benefit of the underlying Internet commerce that follows. And without the Internet consulting revenues, and without the TeleServices contract with GE. Give it a break... this is a runaway!! Headcount, eyeballs, impressions, customers, call them what you will, they are the heart and soul of TSIG's business, or any Internet related business for that matter. It's not a matter of IF TSIG will have a high count, it's only a matter of WHEN TSIG has them. And for the first time since you can remember TSIG is building the foundation first. What would happen if all these customers showed up for the party and we weren't ready? Been there done that… no? Dead burden was cut last week, stellar Internet capacity has been added to, within, and the secret weapon marketing plan marches forward by the day. Putting the fulfillment side together is duck soup compared to all the rest. Anyone can build a warehouse and ship a CD, film, pharmacy, toys, etc. But it takes real genius to find the customer cheaply and have him fill that Internet shopping cart. TSIG has invented that! And that's where the value is. And all you people can do is harp and harp when in fact no major change in the reason why you invested in the first place has happened. If anything, all the changes have been to the positive. That is with one exception, and this is not the time to belabor it. (And rest assured, I will not let that die an easy death if the explanation is without the necessary clarity.) I also believe as I watch the intense thread participation that there is a question mark about the statement long term. If you really are long term and have done your DD, called the company, and yes I have on numerous occasions, understand the plan, watch the developments and additions, you would not be whining about a drop in the price. A real investor knows the price of a stock very often has nothing to do with the value. TSIG is well past the gamble stage that it was at last fall. Still a risk, but so far Gordon's pulling it together more rapidly than I believe anyone could have foretold a few months ago. TSIG is now looking for a few real investors. Are you really real investors .... or just gamblers? sword