To: Suzanne Newsome who wrote (24245 ) 4/6/1999 9:29:00 AM From: The Swordsman Read Replies (2) | Respond to of 44908
Suzanne,Incredible dilution has occurred (fact). Why Hwang, Guild, et al seem to accept this is a mystery at this time. Should the shareholders accept this dilution? Will "normal" investors invest in a company whose management has grabbed such a whopping boatload of shares for itself? You make a very valid point. However your use of the word management is being a bit more delicate than precise. While I have previously stated my money is still riding on Mr. Gordon, please remember that I had hoped for him to recognize his greed and stand down his planned and exorbitant pay raise until there is some sense of relative performance. As to the 5,000,000 shares that he literally wrested away from the company, and from us, in his irrationally benevolent grant to himself for performance that cannot be characterized as anything less than abominable, those shares should be placed back into the corporate treasury and also await reasonable revenue milestones to be achieved this year. I have little doubt that the company is on the right track after years of bumbling, and playing around as Zeev so aptly stated. (No small amount of credit to Mr. Gordon, AND Dr. Frankel with his introduction of Cohesive and John Hwang.) However, TSIG.Com is in great need of legitimate financing. These outrageous acts of personal greed cannot be rationalized by any reasonable person and should be promptly reversed so that the company does not present itself with the foul coloring and odor that they will produce for such investors to see. Once again, I cannot believe that Mr. Gordon is the person that the 10K presents him to be. Unfortunately no amount of double talk cannot make it disappear. IMHO, Only the timely reversal of these decisions until revenue milestones are achieved will save his reputation and open the door for prospective shareholders and investment bankers to become interested. Unless of course he knows about revenue developments that are in fact already happening. Betting on the come won't cut it! Sword.Com