To: Tom who wrote (21940 ) 3/26/1999 11:08:00 AM From: slaffe Read Replies (2) | Respond to of 44908
Hi Tom There have been numerous posts regarding obtaining a nasdaq listing which imho is only a matter of time. There are three possible ways to get this listing. 1) reverse split to get the share price over $4 2) reverse merger into a nasdaq listed company. 3) share price of tsig matures to $4+ and holds over a thirty day period. Number one won't work. This will shake investor confidence and those investors that invest in otc bb penny stocks imho will flee for the exit doors regardless of how fundamentally sound tsig may be, driving the price down and defeating the very purpose. Number three would be a ideal way. However that may be a long (?) process. By long I mean anywhere from 4 months to ? I cite 4 months as that is approximately when the 2q 10q will be out. Many here consider 4 months to be to long of a time to wait as is evidenced by the number of sells. Tsig has a average daily volume of 840k, if there was a wide preponderance of buys over sells, we would be at $4+ long before now. Number two would give us a nasdaq listing right away and I for one have no fear of RG doing a reverse merger for I have complete faith in him and the rest of the management. A lot of people do not understand a reverse merger. For clarification of one I suggest you read the scmi thread and then the hits thread. They recently did a rs. I took a small position in scmi, primarily to have first hand experience of a rs. I bought 1000 shares of scmi @.32, probably the 52 week high, I have no idea because I did virtually no dd on scmi. I did dd hitsgalore and liked what I saw. During the reverse merger, scmi did a reverse 1 for 7 reverse split. I now own 143 shares of hits which is currently trading @ 5 1/8 on the bid. 143 times 5 1/8 equals $732. Not bad for a original investment of $320 in one weeks time. I will also receive 1000 shares of ihsi--whoever they are LOL, who will be taking over the old business of scmi. One of the reasons that made me decide to do this was the resignation of all of the scmi management. They have nothing to do now with hits. In closing let me remind you of the three m's of investing, particularly in the microcaps. management, management, management. I have complete faith that the management of tsig will do the right thing and increase shareholder value accordingly. Steve edit... hits now at 5 1/2 on the bid. Would anybody here mind if tsig did a reverse merger that gets this kind of results? Viva Las Vegas!!!!