$Rig's Platinum Penny Alerts

[MCB]

TLYN--Interesting post and DD from Fringe.
.0035x.004

Posted by: fringe_remnant
In reply to: None Date:9/25/2006 11:06:12 AM
Post #of 1500

.OPINION

I think that TS has answered many questions in his shareholder letter today and has moved his company to a new level through it. It seems to me that he feels that transparency in information management is key to investor confidence. And, I know he’s not just addressing the Retail Investor here.

The Shareholder Letter will generate more questions, as new investors consider taking a stake in the company. Demonstrating that he is an open and aspiring personality I would encourage people to consider dialoguing with him as they see fit.

Further to the TLYN letter today I have information culled from conversations with the CEO that I would like to share with you. Talieh Safadi has said that he is OK with this, although some of it will need to be firmed up in the future with filings and some of it is still conjecture, but not PIPE dreams.

He intends on having a full and complete Financial Audit complete by the end of the year.

While he has not yet published the current common share structure, I know he is interested in doing so as soon as he can. My understanding is that the O/S is 118MM shares. From 2004 through early 2005 roughly 68MM were added as the stock was being rebuilt with the company. I would assume that some debt was resolved through this action. Safadi tells me he has taken no salary, or sold no shares for cash in this time. He goes out of his way to reiterate to me that at no time will shares be used to finance the company. He has confirmed this in his letter today.

He plans on having OTCbb accession as soon as possible (mid 2007 at the latest), in order to upgrade the image of the company and get it out in a place where it can legitimately do business. This is extremely important to him as it fits into a quadrangle of building blocks he has identifed: Legitimacy in filings and dealings, Product Development and Marketing, Partnering and Financing.

I understand that it is his intention to re-penetrate the Middle East where they have a clientele and reputation, and a former CEO in charge of one of the largest Telecoms there who remains very TLYN friendly. They intend to re-enter the Far East through Kuala Lumpur and Singapore. They intend on bringing the product, and the company home to the U.S. shortly there after to compete head to head with AMDOCS (http://www.amdocs.com/Site/AmdocsCom.htm), whom Safadi regards as the competition.

He has shared a rudimentary business plan with me, and what he would like to see as share values over the next eighteen months. I regard these value as aggressive, but not unattainable. It all depends on his Partnering Aspirations and Financing coming together and getting some decent Revenues coming in. It is no secret that he is looking for a strong seat on the board, someone who will bring enhancing product and experience in. And, he is looking for secure financing over time that he can rely on. He knows that this will take effort and months of work, following OTCbb accession.

It all sounds to me like a shell cleaned and in transformation, with some of the logistical workings in place now, a product ready to go, and a vision on where they plan on taking this thing. Whether the road proceeds directly in the manner envisioned or not is really no concern of mine right now. The fact that the company seems to have the energy and intention of finding some kind of place for itself again in the Telecommunications Networking business is good enough for me going forward here.

fringe