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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG)
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To: cicak who wrote (30740)6/9/1999 4:36:00 PM
From: Ditchdigger  Read Replies (3) of 44908
 
"WE MAY HAVE TO HOLD A SPECIAL SHAREHOLDERS' MEETING TO INCREASE THE NUMBER OF
SHARES OF COMMON STOCK AUTHORIZED TO BE ISSUED. To date, 100,000,000 shares of
common stock are authorized and 80,064,798 shares are outstanding. Because the
number of shares we may have to issue when debentures are converted by selling
shareholders depends on the market price of our common stock, we may be
required to issue more shares than we have authorized. Increasing the number of
authorized shares requires stockholder approval. We are considering calling a
special shareholders' meeting to do this before we have issued all authorized
shares. There can be no assurance that the shareholders will approve an
increase in the authorized shares, which could have a serious impact on our
ability to meet our contractual obligations to the selling securityholders."

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