To: Redman who wrote (27685 ) 5/9/1999 4:46:00 PM From: Martin E. Frankel Read Replies (2) | Respond to of 44908
Hi Red and ALL, <<They are not even issued, and won't be unless the bond holders convert into shares. They are only increasing shares authorized just in case a worst case scenario takes place. I have a feeling that the bond holder will not convert until the stock gets ALOT stronger and things start to happen for the company, afterall they are first in line in liquidation as a bond holder, they won't get zilch (like the rest of us) if they convert.>> Thank you for putting things into perspective. Anyone who has ever been involved personally in a PP utilizing convertible instruments... be they bonds or preferred stock... knows that what you have stated is valid. People doing private placements are known as either "angels" (for the small amounts such as was done with TSIG) or venture capital firms. Both have the same goal in mind and it is no different than ours. They want to see the company succeed. That is the only way they are assured of getting their investment back and a large profit to boot. Isn't that what everyone is here for? There is absolutely no sound reason or logic for them to convert at this time. They have (as per my previous report) actually introduced alliances and "deals" to the company. Does this sound like someone attempting to "hurt" the company? To what avail? To own a bankrupt shell with no employees? I think not! There is no cap or ceiling on their conversation... IMO a very major factor hardly discussed. They have just committed to an additional $2.8MM (bringing the total to the approximate $5MM as I reported was told to me would be required). Why would they commit more funds into a ceilingless agreement... unless they personally believe the company will achieve great success? IMHO, too much emphasis has been placed on this issue and far too little has been discussed about the many positive changes that have occurred in the Company since January 1999... the addition of a top caliber management team and the closing of alliances and "deals". TSIG is coming out of its development stage and into a production phase. IMO, rapid growth is in its future. Again... why else would the individuals doing the PP be willing to commit an additional $2.8MM? A small, but vocal, minority on the threads would like us to think they (the PP holders) are stupid and will just be throwing good money after bad. That is exactly what they are inferring, regardless of their proclaimed altruism. These same repetitive non-shareholder bashers also believe that the members of this thread who are long (especially the long-term shareholders) are stupid. I beg to differ and I think not. Will someone please explain to me why these "bashers" insist upon remaining anonymous, refuse to ever answer a question posed to them, always wait in the wings for the opportune moment to try and scalp a few pennies, etc., etc.? Why? In my opinion, these individuals are penny-anty players who have found the internet a wonderful place to play their games and until Golin/Harris has the opportunity to do its job and bring in substantial long-term investors, they may have some influence on other traders or, quite honestly, on many novice investors who read the threads. They could care less about how much money you lose as they hide behind their alias... their only concern is how much they can profit from others. And their big reward... a few bucks... all at your expense. I have yet to see any of them "knocking" the progress the company has made (until this post). They focus on the scare tactics. Perhaps they would like to put up the PP funds with the same terms... although I frankly doubt if they could raise that capital in a lifetime. I personally believe their only interest in and knowledge of TSIG is its stock symbol and another way for them to try an make a few hundred or thousand dollars... even if it hurts you. Does anyone really believe they are here to help anyone but themselves? I will repeat what I said a few weeks ago when I had the opportunity to spend a few days at TSIG's home office. I am very comfortable with my investment. Am I making money? No, my cost is above the current market price. So what? I invested in this company for the long haul with my eyes wide open and I expect it will reward me handsomely as the management team uses the funds it so badly needed to execute and fulfill the deals already done and those in the works. Regarding the "PR" and filing of Friday... so what else is new? I certainly wasn't surprised by anything and actually was happy they put it out in writing. It was known by everyone quite some time ago as to what the information would be and when it was required to be done. Was there anyone here who did not know all about these items a long time ago? Is there anyone here who was unaware that many of these numbers are only worst case scenario numbers and only if a disaster occurred would they come into play... IMO a very highly unlikely scenario? IMO, this is the work of Golin/Harris to "get the garbage out of the way" so that the company can move forward. Listen to the "bashers" who return with the same old balderdash... or look at what this company has accomplished in a very short time. IMO again, the former (bashers' comments) are hypotheticals based on "what if" situations... the latter (what this company has actually accomplished in just the past four months) is fact! May I strongly suggest that everyone review all the PRs and Sammie's wonderfully done DD site at: geocities.com For those of you that view my comments as "hype", I can only suggest you do your own DD and make your own decisions. Yes, there are changes needed, but allowing those hiding behind aliases who never ever answer a question posed to them but only continue their incessant bashing for their obvious selfish motives will never, IMO, help you, your investment or TSIG. Be Right!!!... Sit Tight!!! I am! Best always, Marty