To: Bald Eagle who wrote (27959 ) 5/12/1999 6:27:00 AM From: Gordon Owen Respond to of 44908
Bald Eagle: I'll admit to mixed feelings. Among my three "losers" are two I'll sell mainly to reduce the horrendous taxes from the "winners." TSIG won't be sold because it continues to show every sign of being a huge money maker and I don't mean from selling the stock; I mean from my share of corporate profits over the decades. Sure, in my worst dreams I picture RG chortling while selling 15 cent shares for 10 or 20 cents profit. You know, like in the movie "The Producers" where they tried to do an unsuccessful play so that investors would never notice that together they held more than 100%. But that scenario doesn't work for several reasons. The movie's plot only worked because they accidently produced a moneymaker, whereas RG is busting hump to make this thing work. Internally, he has hired the best people and they're charging hard on three fronts. Externally, he has "partnered" with the best firm to tell our story to investors (not just the few hundred or thousand folks, mostly nearsighted traders, who inhabit SI and RB.) Further, this PR firm has two things in its history: (1) a penchant for merging charity with business, having come up with the idea of Ronald McDonald House for McDonalds and (2) a track record of avoiding BB companies except for Amazon at two bucks and TSIG at less than a buck. Put these factors together with TSIG's next-generation business model which beats Amazon by combining a "no advertising cost" approach to sales with a "win win" approach to fund raising or business development, and you've got a longterm hold which can change your life. If my vision is right - and somebody please tell me why it's wrong - it won't matter how much less than a buck TSIG hit early in 1999 or how many times it got that low. All that will count is how many shares you hold. Meanwhile, it's odd that a stock with all this going for it can't go up a couple cents and hold on to that level. Rather than worry about official "dilution" (which is an emotionally loaded term to describe getting a slightly smaller percentage of a much larger pie)what do you think of my fear that there's a swinish MM out there, cynically selling imaginary shares and pocketing the funds? Specifically, what do you think of my previous post on a music card "dividend" as a means of smoking out such an MM and allowing our stock to rise to its proper level? G. Owen