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


To: MskiHntr who wrote (26889)4/27/1999 9:32:00 AM
From: REW  Read Replies (1) | Respond to of 44908
 
Joe,

As might have been determined from my previous statement, I am somewhat neutral on both issues.

I do stand with the language being eliminated due to the fact it does the accomplishment of soothing the public display of sentiment. I also keep in mind the ability of the company to continue operations going with the reintroduction of stopgap financing if, BIG IF, deemed necessary, which is very unlikely at this point. I personally don't see the big deal.

There will be appointments to the board as the company progresses. Having an outspoken member may be helpful and also one that will demand full explanation and understanding of the issues being brought forward can be helpful.

Control of the Board is not wished by me but further balance may be advantageous as the company moves forward into the expanded exposure it seems to be moving toward. As it extends it's reach into the marketing areas areas so far shown to the shareholders, there will be many decisions made that will need the added thought processes of varying intellects. Adding one that is already a large shareholder and deeply involved due the the helpful introduction of the online services arena and his considerable understanding of the total concepts of TSIG.com, I see nothing to hinder requesting Matrin Frankel's appointment.

It must also be remembered, this is just a suggested recommendation of a faction of the shareholders. I would also hope the requesting shareholders would respectfully accept any decision the Board might make regarding these matters.

TSIG.com has progressed to the point of execution of their business model. This point has been attained with the current structure in place that is now being asked to change. Sometimes change is good for the company and in this case the expansion of the decision making body concerning the accelerating expansionary growth of TSIG.com by adding 2-3 additional representatives should work for the best.

Many complaints have been levied against certain aspects of TSIG as individuals have chosen their right to be outspoken on certain matters. We have all witnessed the results. The company kept on progressing but the investor response has not been following suit. Allowing these matters to progress in the manner they should progress, within the confines of the private forums, is recommended. Public displays of discontent, whether deserved or not, does relatively little but hamper the reasons we are here in the first place.

As always, my opinion

Bob




To: MskiHntr who wrote (26889)4/27/1999 12:35:00 PM
From: Ellen  Read Replies (1) | Respond to of 44908
 
You very eloquently make your points. So much so that it's easy to see your viewpoint.

However, if I may...

The elimination of the loan privilege will not have a positive effect on the financials because it is not currently part of the financials. If anything it is a potential safety net for the corporation should it run aground on the shoals of financial straits.

With the current understanding that the company is seeking additional financing, having this "safety net" seems redundant at best. Hopefully, if successful in obtaining the additional financing sought, it is not another convertible debenture, but rather more conventional in form. In light of some history as contained in the 10K, this "safety net" for the company - Gordon's revolving credit agreement - makes me feel that just having it there, already in place & ready to use, is too convenient. And potentially dangerously dilutive to shareholders, especially when considering the dilution from the present debentures and their warrants. If the credit agreement is not needed, remove it.

I agree that Marty is qualified to sit on any board, but in reality what can he bring to the this company's table that he is not already bearing? He's got the ear of management. He has introduced business contacts to the company. He has voiced shareholder concerns. He has introduced individuals to the company that have been hired. All of this for free per Marty's own words, no compensation was received either in the form of cash or shares, directly or indirectly.

I sincerely and strongly believe the company is where it is now in large part to Marty's contributions. This is not a slight in any way toward Robert Gordon.

I would rather see individuals nominated to the BOD who have expertise in one or more of the related fields that the company is endeavoring to be successful in.

Marty has proven, IMHO, to be savvy to the point of enabling positive and necessary developments that have helped to bring the company to where it is now and has had a major impact on the company's potential. I believe that proves his most beneficial value as a member of the board. The intent, in wanting Marty on the board, is not to tell management what to do or what to do better, but merely to bring some balance to it. Marty's belief in the company and his ability to bring positive contributions is a valuable asset the company should, IMHO, want to welcome.

Marty could still post as long as he properly identified himself as a member of the board, if my understanding is correct.

This effort to add to the board is not intended as an attempt to micro-manage the company, in my firm opinion. I believe it would be beneficial to all concerned.