To: Martin E. Frankel who wrote (27877 ) 5/14/1999 2:17:00 AM From: Martin E. Frankel Read Replies (2) | Respond to of 44908
TO ALL, The following is my response to a question posed to me on RagingBull which I thought might be of interest to some on the thread: ********************************************************************* Hi tr, "...what was the origin of your involvement with Tsig, Dr. Frankel, if I may ask? It is obvious where you stand now and what you see in this long term investment, but how did you originally hear of TSIG and decide to get involved?" I first invested in TSIG over a year ago after hearing about it from an investor friend who asked me to take a look at it. I liked the sector, the innovative marketing plan of the company, the obvious (to me) desire of the company to eventually expand the "Card" concept to other e-commerce products and services, etc. and, what is, IMO, the obvious desire of all of management to make this company a success. It has always been my nature not to assume a passive role in my investments, hence, I took it upon myself to do all the DD I could possibly do before deciding to take a decent position in the Company. I have made many phone calls to almost everyone in management and continue to do so. I have not been in the least bit hesitant to vocalize my opinion and take an active roll in helping wherever and whenever possible. I do not particularly enjoy people who do nothing but complain, but are unwilling to do anything actively to correct the situation. When I found there was an overall negative opinion of shareholders regarding the old CCI website, I did not sit back and complain, but rather found the best available person (John Hwang) to do the job and negotiated the terms with John and Rob Gordon. John shortly thereafter joined the TSIG BOD and then left Cohesive to join TSIG fulltime. I found Rob Gordon willing to listen and do what was in the best interest of TSIG. After all... he is a shareholder and his biggest gain only comes when the company becomes successful. I asked him a short time ago if he (1) would rather be a 7% shareholder with his shares worth $500MM or (2) be a 51% shareholder with his shares worth perhaps $10MM... if he was lucky? His answer was quick and without hesitation... #1... without question!! I trust his intelligence and market savvy to do what is smart and right for the shareholders... of which he is the largest. To do otherwise would be tantamount to suicide, but don't ever forget, with all the bashing, to give him credit where it is due. He founded this company and has kept it above water until he was able to assemble a top caliber management team. Yes, it is now time to start executing and fullfilling and anyone with any business experience knows that requires financing. I hope that answers your question. All of this is my personal opinion and I stress that every investor should always do their own DD and make their own decisions. I have made mine. My shares are not for sale. Best always, Marty *********************************************************************