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


To: Zbyte who wrote (23791)4/4/1999 2:24:00 PM
From: Zeev Hed  Read Replies (1) | Respond to of 44908
 
Zbyte, done, here is what I e-mailed to Mr. Gordon:

Message 8695170

I was asked by one of the SI posters (Zbyte) to direct some of my questions directly to you, thus here they are:

1. What great performance in your management of TSIG during 1998 justifies doubling your pay and granting you 5 Mm shares of the company?

After all, you reduced the sales by 50% only while the losses have been reduced by only 30%

2. Will you voluntarily reduce your pay back to the level of 1998 until you show you can indeed grow the top line as your intentions indicates and stop shipping a $1 dollar product wrapped with a $12 dollar bill (roughly the performance of last year, the year before you managed to wrap those sales a little less costly, each dollar of sales was wrapped with a $9 bill).

3. What justifies establishing options plans of 47.5 MM shares for a company which had only 30 MM shares at the beginning of 1998, is there a model of any other company where such a ratio is practiced?

4. What is the distribution of these 47.5 MM shares between the various executive of the company, how many of these options were actually granted so far, and does this number include the 30 MM shares or so exercised last year.

I respectfully wish you a happy holiday and thank you in advance for your kind response and attention.

I will post your response to this e-mail on the SI thread to enlighten all the people there invested in the shares of TSIG.

Sincerely,

Zeev Hed