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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG)
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To: Ditchdigger who wrote (30743)6/9/1999 5:11:00 PM
From: cicak  Read Replies (1) of 44908
 
Ditchdigger - the paragraph you quoted doesn't say anything about TSIG being obligated to register more shares to meet PP obligations than what was provided for in the initial registration of shares. TSIG may need to seek approval from shareholders to increase the number of shares of common stock authorized - but not necessarily because TSIG is obligated to increase the number of shares registered for the PP.

For example - if 50 million total shares were converted for the PP - an increase in the number of common stock authorized would be required - but NOT an increase in the number of shares registered for the PP.

Please cite the portion of the SEC document which provides the terms and conditions for the following: <<contractual obligations to the selling securityholders>> and please annotate where it is discussed that TSIG may be obligated to increase the number of shares registered for the PP. Thanks.

Regards,

Phil
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