The following exerp is from the SEC 8K. TSIG is bound to get a 30% hit or so from the stock dilution.
THE COMPANY'S SECURITIES INVOLVE A HIGH DEGREE OF RISK, INCLUDING, BUT NOT LIMITED TO, THE FACTORS DESCRIBED BELOW. AN INVESTMENT IN THE COMPANY'S SECURITIES SHOULD BE MADE ONLY BY PERSONS WHO CAN AFFORD A LOSS OF THEIR ENTIRE INVESTMENT. INVESTORS SHOULD CONSIDER CAREFULLY THE FOLLOWING RISK FACTORS INHERENT IN AND AFFECTING THE BUSINESS OF THE COMPANY.
No Assurance of Profitability; Highly Speculative Investment. The Company has been operating at a loss since inception, and there is little upon which to base an assumption that the Company's plans will either materialize or prove successful, and, accordingly, there can be no assurance of whether or when operations will become profitable.
History of Operating Losses; Working Capital Deficit; Financial Instability. For the fiscal year ended December 31, 1997, the Company sustained a net loss of approximately $18,042,742. These losses are expected to continue for a presently undetermined time. As of December 31, 1997, the Company had negative stockholders' equity of $5,193,925, an accumulated deficit of $26,066,383 and a working capital deficit of $5,597,256. As of the date hereof, the Company has earned limited operating revenues. Various factors affecting the Company's operations may raise substantial doubt as to the Company's ability to continue as a going concern. There can be no assurance that the Company will be able to continue as a going concern or achieve sustainable revenues or profitable operations. |
