Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: michael john stout who wrote (27394)	5/5/1999 3:28:00 AM
From: tfk	Respond to of 44908

Regarding Gordon and PHXS, here's a transcript of a conference call from last year that has comments from Gordon on his involvement with PHXS (starts on page 5). geocities.com tfk

To: michael john stout who wrote (27394)	5/5/1999 10:46:00 AM
From: FREAKAZOID	Read Replies (2) \| Respond to of 44908

### Please read this post it concerns PHX and puts it to rest## Hi MJS. I was hoping that you would ask about PHX again so I could share the research I have been doing on that ugly situation. I have taken the time to read and re-read the PHX thread, if I stopped there it would not look good towards TSIG. But I did not stop there. While in St. Pete I asked Paul Henry about the PHX deal and how he thinks this "skeleton" will affect share holders present and future. Henry did not see PHX as a skeleton if someone knew the full story behind what happened. Even if you read the thread you will see that Robert Gordon stepped down as CEO well before the plunge in stock price. Robert Gordon was the person that put the deal together with the Chinese and started the ball rolling with what looked like a sweat heart deal, providing proprietary equipment to an airline that has 50% of the Chinese market. The downfall of PHX actually started when George Soros came on board as the primary investor. George started out as a "great guy" there to invest in a great company and offer help where ever he could. George became such a key investor that RG and crew became reliant on Soros too much, so much in fact that Soros tricked RG into depending on Soros as the only investor. As PHX was advancing, the need for more money arrose, in fact $10,000,000. When RG asked Soros for the additional cash, Soros said.. NO! When PHX was unable to get the cash elsewhere Soros demanded repayment of his earlier loans, this forced PHX to essentially give the company to Soros as payment for his financial backing. Phx filled for BankRuptcy, the share holders lost all their money, Soros gained complete control of PHX and RG Michael Gordon Paul Henry and many others lost alot of money due to Soros seeing a winner in the making and wanting it for himself. But don't take my word for it, here is the thoughts of an old PHX shareholder, who was nice enough to PM me. <<Thanks for opening a sore! My loss was only ($XX,XXX.XX). It appeared to me that the guys you mentioned were just plain STUPID! But, to be fair, maybe you and I would have done the same. SOROS is the one that caused me to loose $XX,000.00 of my retirement nest egg. What actually happened is that he started out by lending the company money and taking stock. Then he lent more, and got them to depend on him. He was then part of the company. They looked to him for financing. He financed. Somewhere along the line he got the JERKS to sign that they could not go anywhere else for the financing. Eventually they needed only $10,000,000.00 more to finish to the point of really making a lot of money. SOROS said NO! They could not get more financing............That was the end !!! They filed and SOROS walked away with everything. He had taken everything of value as security for the loans. Did he plan on taking the company assets in this way? (IMO YES) As far as I am concerned.......SOROS STOLE ($XX,XXX.00)from my family.>> I hope this matter has been explained fully for anyone with doubts about TSIG because of PHX. Thanks for your time! freak!!