Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG) -- Ignore unavailable to you. Want to Upgrade?

To: FREAKAZOID who wrote (29284)	5/27/1999 10:41:00 PM
From: ztect	Read Replies (3) \| Respond to of 44908

Freak....after I got off the phone with you... I spoke with Paul Henry for over an hour. I asked him pointed questions about Gordon, Phoenix, Henry, the BOD meeting and many of the rumors being circulated in my no bs matter of fact style. I will attempt to recant as much of this conversation before tomorrow morning. I have been speaking with many posters and many people including yourself and other investors, employees, former employees, distributors and Sean Kaupinen at G/H. I have also had extensive PM exchanges with certain other posters as well... I have had obtained all these points of view so that I can looked at statements made as objectively as possible and not be swayed by any particular bias.... Everyone rent the Kurasawa film "Rashoman" so they understand what I mean by the term usurped by psychologists as the Rashoman effect. This effect is the point of view from that person that is most advantageous to that person. Now I have heard many arguments, and accusations and was point blank in presenting these accusations without stating the source of those accusations to Henry. In this post, let me just make some clear points.I will come and make others later. First, regarding the Board of Directors meeting. This "meeting" will occur when all parties are available via a conference call. There will not be a physical meeting for the obvious geographical reasons. Unfortunately Paul was having problems arranging for this meeting tonight because of trying to put it together on short notice and because the current and potential members had other arrangements tonight including Marty who had a function. The two people who will be most likely appointed to the board are Marty and a person representative of the "pp" holders. This will give the board 5 members. Now the following is surmised not from any conversation with Henry, but from other people who claim or say they have interacted with certain board members. I will not make any claims as to the legitimacy of my analysis since it is based on second hand reporting and not my actual experience. I have been told that Micheal Gordon's relationship with his brother is not a good one by several people, so any assumption that the pp bd member and the Gordon brothers would vote as a block impeding the input of a Marty/Hwang "block" in a 3 to 2 vote is a false one. The assumption that the pp member would vote with Gordon is also a not necessarily correct. The assumption that the pp board member would be approved also is not necessarily correct. My gut feel is that Marty has the votes. One also has to assume that Marty has not posted on these threads, while this decision is being contemplated so as not to try to politicize his case. I contradicted Henry when he made arguments that marty tried to use his thread participation as a means to garner support. However, I did concur with him that the numerous lists and posts of support did appear to give credence to his misinterpretation. Please note I never signed any of those lists because I did feel they could be misconstrued and counterproductive. Now the pp members want a voice, because if what Paul Henry told me about the 10 k is true, they are in a shitty position as well. I need to go back and re-read the 10 k to verify what he told me. I have read on these threads so many interpretations that I'm not sure what to believe. I encourage others to go back and read the pp terms in the 10 k as well. Henry's explanation was as follows. Yes the pp holders can convert at any time. However, the share they convert are restricted for a period of time after the conversion (need to check this language as to the length or time frame....others do so as well). Consequently if a pp holder is converting now, he cannot sell these shares until they become unrestricted. Consequently, if he got the discount at an average of .25 upon conversion when the price is thirty, when the shares become unrestricted in October or whenever, if the dilution created by his conversion has driven the price to 12 cents, the pp holder sells these shares into the float at an 12 cents or an eleven cent loss and not at his conversion price. He could also try to convert now, and if the stock goes up significantly., he makes out. But then again, the dilution most likely will prevent possibility. If I interpreting this correctly, and I'm sure this portion of the post is going to be scrutinized, then many of the theories being repeatedly posted are misrepresentations. Everyone again look at the PP statement. Consequently, one asks where the selling is coming from? This is very simple to answer. There are many shareholders including many who are both lurkers and participants on these threads who have amassed very large holding of this stock. This investment has represented a disproportional risk in their portfolio. If this is 5% of your portfolio, you can deal with this decrease. If this is 70% of your portfolio, then this is a disproportionate part of your portfolio and you are panicking. On this above statement, I totally concurred with henry who made this observation. Someone like Fred Thornell, who is doing very well can buy because he is fairly well to do. Others, unfortunately including myself , have put to money on this "horse"... Consequently, many who can't withstand this risk and subsequent loss have been lightening their loads....reducing their share positions.....many familiar and frequent participants... Would be very interesting to compare a verifiable tally of people who voted for Marty, before and after this decline. The share count certainly wouldn't be 16 mill. When people reduce there holding from 200,000 to twenty or 10,000 and have been doing so for the past several weeks, enough of these people can pass quite a few large blocks. Now I have asked many about a number of rumors. Negative and positive. I pointedly asked questions of henry, that I could never expect him to answer negatively. I also haven't been able to corroborate some of the negative rumors being circulated via PM. There is no such thing as true "objectivity". Everyone who I've spoken with their own specific reasons to be both positive and negative that are solely their own. I had no difficulty communicating with Henry, and I am not privy to the conversations of others who have had difficulty communicating with him recently. He made an effort to answer all my questions even ones regarding this whole item of 70 mil shares going through Gordon. I will try to remember the specifics of this in a subsequent post.. I wish I had the opportunity to have a long conversation with Henry prior to talking to many people on this thread. I'm not appeased. I have a lot of info presented to me by henry to independently corroborate. I also have to better understand some of the motivations of people who have posted in the past and currently post on this thread. I have also received contradictory information on a number of issues from the number of dealers to the number of people working in Silicon Valley to what transpired with Phoenix. There is a lot of misinformation co-mingled with factual informational being presented on these threads Note I have given Sam my number on two occasions now to call me, and I have also asked Sword to give me his number many times too. These two have not called or given me a way to reach them. I'm not sure why. Sword's unwillingness to confidentially disclose who he is so we can talk, is very troubling. I have sent my number and have spoken with probably 10 participants on this thread. I have nothing to hide Anyone else who wishes to talk to me directly can PM me their number or email at ztect@hotmail.com The business model still is excellent..as to whether it is being executed properly I still can't say with certainty. Marty on the board is the first step. Selling out of panic or fear may be premature. ztect .

To: FREAKAZOID who wrote (29284)	5/27/1999 11:32:00 PM
From: cicak	Respond to of 44908

Hi Freak - I thought it was GREAT NEWS that Paul Henry verified that a BOD meeting will be held soon and that Marty's appointment to the BOD will be discussed (along with a PP investor who we don't anything about at this time). Paul Henry was cordial - but had another call either coming in or on another line - in addition he mentioned that he had about 150 e-mails before him. I heard what I wanted to hear - Marty is being considered for a BOD appointment. :~):~) Regards, Phil