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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG)

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To: The Swordsman who wrote (30335)	6/6/1999 10:12:00 PM
From: Dave Gore	Read Replies (2) of 44908

** No, SC... The SEC approved a MAXIMUM OF 52M ADDITIONAL shares. There cannot be any more dilution on the PP than that. You keep talking about a 10 cent minimum that is not a guarantee and massive dilution....it simply is not true! I repeat again that when the SEC approved the registration on the PP that the stock was much higher, so they set a limit of 52 MILLION SHARES, since that easily covered the whole PP amount. From what I was told the 52 MILLION is the maximum no matter where the share price goes, so there will be no incentive for the PP holders to drive the stock price down. Get it? If someone can prove that wrong by calling the SEC or getting something in writing, fine. But that came straight from RG's mouth. PS-- yes, the company should have done a rights offering last year. I totally agree. That does not matter now, though.

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