Charles Giannetto: cgiannetto @ tsbfinancial. com

Jim Jenkins: jjenkins @ tsbfinancial. com

Ray Larson: honeycuttcapital @ hotmail. com

SEC violations of security laws: enforcement @ sec. gov

Other SEC tips and complaints information can be found at:
http://www.sec.gov/complaint.shtml

Maybe this will be a start. Check Raging Bull TSBB message board for lots more info.

quote:

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Originally posted by Zeker:
Nonetheless, he told us months ago that it was worth that much BEFORE the R/S, and as a local boy, I'm going to hold him to those words- one way or another.

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I'm sorry everyone got screwed on this one, but if you ask me, the writing was on the wall from the very beginning. A CEO who complains about short sellers and German traders affecting their share price is obviously a moron and out to scam people. A competent CEO simply doesn't release a PR saying "we're worth more.. really!" Anyone who read that PR from the first page and bought into it got suckered. It's unfortunate that you had to learn this the hard way, but take it as a lesson learned and try not to be so credulous the next time around. This one was visible from miles away...

-R

quote:

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Originally posted by nutrader:
I have Ameritrade and I got a -20.00 debit

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Just in case anyone is curious as to why Ameritrade charges a $20 fee:

Thank you for contacting us today regarding the Mandatory Reorganization fee.

Mandatory Reorganization fees are charged when there is a reverse stock split, a mandatory cash merger, and on some types of share exchanges where stockholders have no choice in the reorganization (it is mandated by the issuer for all outstanding shares). An example would be company mergers or acquisitions. Where these actions are not open market transactions, they will require Ameritrade to re-register the affected stock under a new CUSIP via manual entries on your account. This fee is charged to cover the cost to Ameritrade to re-register the stock and to facilitate the reorganization in your account. This fee is not built into the commission structure and is $20.

This fee is listed on the Fee Schedule in the Trading Account Handbook under the heading "Reorganization Items."

If you have further concerns or inquiries, please reply to this message.

Sincerely,

Sonya Duerr
Client Services, Ameritrade
Division of Ameritrade, Inc.

Press Release Source: TS&B Holdings Inc.

TS&B Holdings, Inc. Capital Restructuring Underway and Symbol Change and Updates
Monday August 16, 4:05 pm ET

ORLANDO, Fla.--(BUSINESS WIRE)--Aug. 16, 2004--TS&B Holdings, Inc. ("Company" or "TS&B") (OTCBB:TSBI - News), capital restructuring is underway, consisting of:

* 40 to 1 reverse split
* Recently completed $250,000 funding via a Debenture
* Additional offerings and fund raising planned
* $25 Million PPM drafted for funding acquisitions

The CEO of TS&B, Jim Jenkins stated, "The reverse of the common shares was crucial to create and maintain a sensible capital structure. The bridge loan and additional offerings will fund the Company's business plan. Management continues to believe in its BDC business plan and will continue to improve the performance of current portfolio companies and raise capital to acquire operational companies."

James Sadrianna, the CFO of TS&B stated, "With the addition of Cummings Financial, the market value of the Company will increase the Company's net earrings before taxes substantially over the last quarter net earnings of $474,000."

For those with questions about the effect of a reverse split, the Company refers shareholders and investors to the SEC website at http://www.sec.gov/answers/reversesplit.htm

Further, the Company did not request a symbol change and apparently this was done unilaterally by NASD. An investigation is underway by the Company regarding this matter. Management believes there are some shareholders that are not aware of the symbol change and those shareholders believe they have lost their investment.

Lastly, the Company has not received approval from the SEC for its Proxy Statement.

About TS&B Holdings Inc.

TS&B Holdings Inc., is a Business Development Company under the Investment Act of 1940 aggressively seeking opportunities in emerging and fast growth industries.

TS&B Holdings Inc. has a financial services subsidiary, TS&B Financial Services, Inc. that provides investment and merchant banking services and strategic planning to both the public and private sectors.

Safe Harbor

The statements made in this release constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect," or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, changing economic conditions, interest rates trends, continued acceptance of the Company's products in the marketplace, competitive factors and other risks detailed in the Company's periodic report Filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Contact:

By: warrenwh1
29 Jul 2004, 12:58 PM EDT
Msg. 7726 of 8175
Jump to msg. #
My final post on TSBB.

Fellow TSBB investors: As I mentioned in post #6879, I had referred a friend to TSBB as a possible acquisition candidate. Since that post, I have referred another 2 companies to TSBB for possible acquisition and/or investment and synergistic relationships.

In a meeting I attended with my friend yesterday at TSBB, we sat around a conference table with CEO Jim Jenkins, CLO Charles Giannetto, CFO James Sadrianna and discussed some particulars of the possible transactions. Therefore, I believe, and it is their belief also, that my level of information breaks a certain threshold, and posting would be pressing SEC regulations.

I will tell you that I had the opportunity to meet Glenn Cummings and his wife Paula. Glenn graciously thanked me for my support (one of the DJ’s had called and read him my e-mail). I found him and his wife to be of the highest caliber, and I will ask you to continue pulling for him. These are the kind of people you want to see have success. He would handle fame really well, and is comfortable in his own skin. He has a star quality about him. Jeanne and I look forward to seeing him perform sometime.

I am limited to what I can say, but let me conclude this way:

It is interesting to see animosity from certain members of this board on the one hand, and then walk in and participate in a meeting that went several hours that is so demonstrative of a sincere effort to build TSBB. I was there a total of about 4 hours.

My friends here who are solid longs (and you know who you are), best of luck! Sometimes the long view is the best view!

The management of TSBB clearly wants to make significant progress for shareholders while working within certain limitations. I am impressed by what I saw there, and time will tell if their efforts to build this BDC will pay off.

Good luck to each and every long! ""

Posted by: warrenwh1
In reply to: None
Date:7/7/2004 1:06:35 PM
Post #of 207

This will be the best ride in the city. It's just a matter of when. Loaded up low. Saddled up and ready.

Dear Mr. **********

Thank you for your interest in TS&B Holdings. I look forward to speaking with you by phone in the near future.

Due to time constraints tonight, in part due to hurricane Charley, I must send the same e-mail to everyone who has inquired about the recent restructuring and today's press release.

The company believes that the restructuring will be of benefit to all shareholders, including those who have been with the company for an extended period of time.

I hope you noted that today's press release contained earnings results from the company's 2nd quarter. TSBI earned approximately $474,000 for the quarter, or $.04 per share.

In addition, the company currently has a net asset value of at least $.14 per share, which could improve once full year-end numbers are reported. This figure is obtained by adding the 1st quarter's reported $1.3 million net asset value and the $474,000, and by dividing that sum by the current number of outstanding shares - 12.5 million.

Management intends to build a very substantial company, and the restructuring was a strategically important and necessary step. For those who wish to base their investment decisions on either fundamentals or trends, the company has clearly put two excellent quarters together.

I should remind investors that the net asset value of the company was a negative $250,000 on January 1, 2004. While the price was $.02 or $.03 (pre-R/S of course) during that period, those prices could not be supported by fundamentals. Now the company presents a solid net asset value for consideration, as well as its best quarter of earnings. It is ironic that many TSBI investors have totally overlooked the giant steps forward taken by the company, and have focused on a trader's market that would seem to greatly undervalue the company's true condition.

Sooner or later, the market for TSBI will begin to reflect the current value of the company, and investors will begin to analyze the company based on reason, and not emotion. That moment will be another step in the transformation of TSBI to a progressive, motivated Business Development Company (BDC).

I believe TSBI's registration as a BDC on January 5th of this year, has also been overlooked by investors. This special designation under the Investment Act of 1940, permits the company to build in ways most advantageous for shareholders. I have a 4-page newsletter that provides many details of the BDC status, and will be happy to forward it to you upon your request. Once shareholders understand the finer points of life as a BDC, I believe there will be a better understanding of why management chose such a course earlier this year, and why they are share continued optimism about the future of the company.

I welcome your calls to discuss any TSBI topics, including valuation issues. You can reach me at 386-216-5248. I have a meeting tomorrow from 9:15AM EST until approximately 2PM, but otherwise will be available to shareholders any day this week and thereafter. If you reach voicemail, there's a good chance I am discussing TSBI with someone else, and I assure you I will get back to you as soon as possible.

Sincerely,

Think its a damn shame that Martha Stewart is going to jail for the 50,000 she saved by selling her Imclone shares...when companies do it everyday! TSBB being a prime example...shameful practice...TSBB didn't even notify its investors until Friday, after the closing bell of the r/s. No one could sell if they didn't know what was going on. Must have been a shock to find out about the r/s when people arrived home from work.

TSBB disgusts me. No, I'm not a basher...I sold Friday afternoon, before the release...lost almost $600 (I'm not independently wealthy, so $600 is a lot for to lose)...and based on the current pps, I would have lost even more had I held TSBB.

This is my perspective. Take it or leave it...written from my bad experience with this stock.

quote:

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Originally posted by lumik:
is there anyway to reduce the r/s risk?

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Call me cynical, but I think your best bet for managing risk is to assume that 95% of the companies trading on pink sheets are worthless (maybe not to the level of outright fraud, but those certainly exist too). With that in mind, your best bet is to get in and out quickly once someone starts the pump. Those who got into TSBB once this thread started made a quick buck if they sold a few weeks later when it shot up. Same thing with CMKX, QBID, IBZT, and all the other over-hyped stocks here. Those who "believe" in these companies and go long are the ones left holding the bag once the truth comes out and everyone else bails.

I also highly recommend reading this handy bit of info right on the Allstocks board: http://www.allstocks.com/copia/html/the_basics_of_otcbb.html ... In addition, a healthy dose of skepticism for what you read here and a more critical look at company PRs. For instance, instead of assuming that these companies are out to provide a service and help little old ladies across the street, assume that they're scammers out to take your money. Read their PRs with that in mind and try to dissect what's being said. The PR that started this thread practically said "we are scammers.. give us your money" but people bought in anyway, because they assumed these were honest guys. Assume the worst, and you'll do a much better job of protecting yourself from this sort of thing.

Hope your future trading goes better than it has been.. :^/

Thanks for the advice RobinO...need more posters like you who are not bashing or pumping, just being objective. Thanks.

I will say technicals don't mean a hill on beans here in penny land. I really did think that when it hit .01 that first time that it would continue on into the next day. That was the reason I didn't sell back then. Boy was I wrong!

So on that note...TSBI to the mooooon! LOL.

------------------
My future so bright...I gotta wear shades!

quote:

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Originally posted by silver70:
Like Lumik I too got fleeced by TSBB, and GWDL. Maybe a board could be started for posting these SPLITTERS AND GITTERS. One place to find out who to watch with a careful eye. Just a thought. I am a new invester and know not how to set up a board for that.

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quote:

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Originally posted by silver70:
Like Lumik I too got fleeced by TSBB, and GWDL. Maybe a board could be started for posting these SPLITTERS AND GITTERS. One place to find out who to watch with a careful eye. Just a thought. I am a new invester and know not how to set up a board for that.

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of course, other situations may be different, but that's mine.

I started with 10,000 shares and now have a whopping 250 shares. I sure never saw this one coming. It wasn't a huge loss for me but it was still painful.

I'm new at the game and was starting with a small amount of money. The ones that supposed to make me money failed me and the ones that are supposed to be scams made me money. Ahhh now I see how it works lol