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To: Boyd Zander who wrote (29181)5/27/1999 11:14:00 AM
From: Phxphenom  Respond to of 44908
 
Very well said!!!



To: Boyd Zander who wrote (29181)5/27/1999 11:52:00 AM
From: cicak  Read Replies (1) | Respond to of 44908
 
Excellent post Boyd !! <<It was adding Dr. Frankel to the BOD that was supported by the number of shareholders which you provided to TSIG and not some other changes that will be acceptable to the shareholders.>>

Regards,

Phil



To: Boyd Zander who wrote (29181)5/27/1999 12:07:00 PM
From: The Swordsman  Read Replies (1) | Respond to of 44908
 
I think that there's another element of appeal for Dr. Frankel to be appointed to a full voting seat on TSIG's Board.

Has anyone recognized that John Hwang in a just few months has emerged as the architect of TSIG's marketing plan? TSIG was a so-called card company and is now a much larger entity. While the card idea seemed good enough at the time the whole package is where we are and need to be to realize the great ambition we all have for TSIG.

With this being said, combined with the fact that Dr. Frankel has the closest relationship with Mr. Hwang, doesn't it follow that an independent Board is also a requirement for Mr. Hwang to succeed? Therefore if Dr. Frankel and almost 20,000,000 shares are denied a voting voice on the Board, where will that leave Mr. Hwang?

Is there a possibility that if Mr. Gordon foolishly rejects Dr. Frankel for a voting seat on the Board that Mr. Hwang could elect to depart the company for greener pastures, or at least pastures where there is a an opportunity to function without the stranglehold of a known loser?

An even greater question is does Robert Gordon even have an iota of an idea as to how important John Hwang is to TSIG, and would Mr. Gordon's history of what appears to be bad decisions continue forward and just let Mr. Hwang get away?

While probably not fatal, this imho would have a very serious negative impact on everything that's been achieved to date. Not to mention a share price that due to outrageously bad PP conversion terms would probably result in well over 100% dilution and the subsequent downward spiral.

John Hwang must not be lost to Mr. Gordon's personal caprice.

SC



To: Boyd Zander who wrote (29181)5/27/1999 12:08:00 PM
From: Jazzbo  Respond to of 44908
 
Boyd, Marty, and others,

Marty and the BoD. Will they or won't they? In the long run, does it matter either way?

I've been wishy washy (legal term, meaning, fickle, undecided) on this issue. Ultimately, I put my weight behind Marty's appointment and said so to REW, not without some misgivings though. Marty was a valuable asset to this company before this whole matter came up, and if he chooses, Marty will continue to be a valuable asset to the company even if not appointed. Marty had no voting rights when he brought Cohesive to TSIG, nor did he when John Hwang "decided" to join TSIG; yet, Marty's influence was such that these valuable benefits came to transpire.

Will TSIG's situation improve merely because Marty is appointed to the BoD? Maybe, maybe not. Suppose Marty is in fact a divisive voice, whither the gain. By his own admission, Marty is a Type-A personality; dollars to donuts (another legal term, meaning odds are good that...) RG is a Type-A personality. Put to Type-A, strong-headed, iron-willed type people in the same room, and sometimes you get nothing but friction and impasse. Not what TSIG needs. And that situation just may come to pass.

Suppose Marty was given a provisional appointment, a get to know each other period, a see if we can work together first, then, if things look positive, arrange something long term. My feeling is this would be well-advised. If Marty and RG - as well as the other Board members - see nothing but conflict, then, the parties involved, if they still have the company's best interest in mind, will amicably separate, knowing that more harm than good would otherwise result. At least both parties (here I speak of Marty and RG) will honestly be able to say that in good conscience they pursued a trial period, it didn't work out, and hopefully, part with respect for each other, and the determination to still make this company work.

Or maybe the trial period would prove fruitful, and a happy marriage would result.

Where the heck is he going with this, you may ask. My point is that TSIG showed all the signs of coming to life, of possibly thriving, with Marty working the sidelines rather than playing quarterback. No reason that a resumption of that scenario would not profit TSIG, RG, Marty, and all of us shareholders... IF (another legal expression meaning, BIG IF) Marty is willing to return to working the sidelines and wants the TSIG team to win.

If Marty becomes disenchanted with TSIG and his large investment in the company merely because he is not appointed to the BoD, then, Boyd Zander, then you should be worried.

Previously, Marty has stated that he would accept a BoD position if offered, but if that did not come to pass, his belief in the future of this company would remain unchanged. I've spoken with Marty once, at length, I've exchanged PMs with him numerous times, and I've read all of his posts. Marty has always impressed me as honorable, and his conviction in the successful future of this company as unassailable.

I don't particularly care whether Marty is appointed to the BoD. What I do care about is that Marty remain committed to TSIG and its success. Marty is one of TSIG's greatest assets, and I hope he remains so.

Best, Tim