To: Suzanne Newsome who wrote (28266 ) 5/16/1999 12:00:00 PM From: Andrew H Read Replies (3) | Respond to of 44908
>>I define "hype" as "overly optimistic statements or expressions having no basis in fact or reality." For example, my comment to Phil last night that Merrill Lynch would bring in the buyers when TSIG reached $10 was overly optimistic and not based on fact. Fred Thornell related Rob Gordon's comment that he believes TSIG will be on the NASDAQ in the 4th quarter.<< What basis in fact or reality is there to believe that TSIG will be trading on the Nasdaq in Q4? This is the same RG who was laughing at the thought that the stock would only be 5 by June. Sorry, Suzanne, but I think this clearly fits your definition of hype. >> Parenthetically, I cringe when I see people jump all over the messenger; it hardly encourages the next person to post about their phone conversations. Imagine Rob Gordon is sitting down in St. Pete knowing he has the Signature contract which will come close to covering the companies overhead; he's got card deals with BR, V-ball, Lightning, Ice Palace, Lifetime Learning locked up and other deals rumored close to announcement. Then there is John Hwang out in SV raring to go who will produce revenue in some amount by year end. Do you really consider Gordon's comment implying a $4 stock price in the 4th quarter to be baseless? I would be interested in knowing where you think Gordon is miscalculating << Gordon and everyone else have been seriously miscalculating the price of this stock for many months now. IMO, the burden of proof is not on those like myself who are skeptical of much higher prices but rather on those who are and have been predicting a substantially higher stock price. For months I have been hearing how the revenues were going to be flowing in and the BR deal was going to produce 50M in revenues this year alone. I am still waiting. As for rumored deals, I have been hearing such rumors for about 6 months now and the great majority have failed to materialize. Now there have been a several significant deals but I will not be satisfied until I see them producing significant revenues. So far these deals have failed to produce revenues (although the Signature deal is on the verge of doing so). I have allowed myself in the past to be taken in by projections of $2-5/share by March-June but will do so no longer. Show me significant revenues and profits and then I will listen to predictions of 4/share and higher with less criticism. I still remain hopeful, however...but given the real potential of further massive dilution I refuse to pretend that a Nasdaq listing by Q4 is realistic. I will be looking for things to make me change my mind...and will be the first to post positively about them when I see them.