TSIG.com TIGI (formerly TSIG) Message Board

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

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To: ED S. who wrote (32508)	7/11/1999 6:34:00 PM
From: Martin E. Frankel	Read Replies (4) of 44908

Hi Ed, I believe Ellen is right... to a point. The terms of the PP do allow shorting, however, many contracts have been written which violate the law. It is my understanding (and only my non-professional understanding) that according to SEC regulations, insiders (and the PP holders are certainly insiders privy to inside information) cannot short a stock without have the actual shares to sell... i.e.: no naked shorting allowed. Hence, and if the rumors are correct as to when most of them converted (.30 plus or minus), then they could have shorted. However, if their conversion resulted in them owning 5% (I believe) or more of the the outstanding shares, it is my understanding they would have to have filed all their actions with the SEC... and I don't see that that was done anywhere. Actually, I think it was Ellen that posted the SEC regs as they pertain to insider transactions, but all we are doing is speculating. I don't believe any of us on the outside know the actual facts as to who did what and when. What I do see is the company starting to dig in to try and make these existing deals work (known as execution) and to make TSIG profitable. Best always, Marty

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