To: Fred Thornell who wrote (24879 ) 4/9/1999 9:19:00 AM From: ztect Read Replies (1) | Respond to of 44908
Fred......PLEASE...please..stop... Si_Bob apparently isn't enforcing the warnings to TG , Bob told me he made. My only reason for engaging the guy yesterday was to see if I could get him to post more than "just a few" frivolous posts. TG obviously did. Bob has yet to take action despite telling me that he would, if TG posted more than "just a few". Anyway, funny you should mention JBOH..... Check out when I suggested buying JBOH....per this link....Message 7664852 Click the link on this link to see my analysis which includes the following language.... "...Per my analysis I thought the depressed price was also a result of restructuring and digressing balance sheets due to this restructuring, or the reasons for this restructuring, of prior 10-Q as per...." AND "Look at JBOH's balance sheet that explains share price.. Decreases revenues, increasing operating costs, losses instead of prior year's earnings. However, on the positive side has been recent change in management, major restructuring to eliminate costs, eliminating under or non performing office locations, and buying back of options and debentures...." Now does any of my analysis above sound familiar? IMO TSIG won't need any more of the PP. Hopefully as REW has been saying the balance of the PP outstanding can be bought out or refinanced with conventional instruments. Any one who bases their buys strictly on a reported good balance sheet has typically missed the buying opportunity with "turn-around" situations. Understanding turn-arounds requires a deeper understanding of how the company WILL generate revenues from its business model and strong indications that the company is reducing its debt load. TSIG reduced its debt significantly during last year. I believe debt reduction was over 35% annually and much greater in the fourth quarter while revenues are only now just starting to ramp up. Anyway need to attached my disclaimer again. Disclaimer: IMO TSIG has been successfully restructuring itself with an unique marketing strategy and integrated e-commerce business model with some very qualified new management. This restructuring is yet to be reflected in the company's filings. The company is fully reporting. These are my conclusions and mine alone. I encourage each and everyone to come to their own conclusions. I suggest those interested in understanding TSIG start their research via this link below to a website of compiled "due diligence". This page includes several field reports on the company.geocities.com