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

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To: Bruce A. Thompson who wrote (33649)	8/18/1999 9:12:00 PM
From: Suzanne Newsome	Read Replies (1) of 44908

Mr. Thompson, Thank you for reporting the news that is 6 weeks old. Much like your better known colleague, you are hell-on-wheels when it comes to quoting SEC documents, but pretty fuzzy on subsequent information which has been reported. Perhaps you would not object to an update? You reminded us that the 6/30/99 10QSB reported $1.8 million of debentures had been converted for 34 million shares implying a conversion rate of $.05. REW in his Aug. 4 visit with Mr. Gordon reported RG stating that the shark had $180,000 left (conversion filed for) and another party had $450,000 left (no conversion filed for). So as of 2 weeks ago, there was a total of $630,000 to be converted. Today's stock price is about 5 cents. A 30% discount implies a conversion rate of 3.5 cents. If $630,000 were converted at 3.5 cents, the result is (exactly!) 18 million shares. This is quite a bit less than the 30+ million shares you are reporting. But even my information is 2 weeks old. The question is how much debt is left to convert today. I don't know. Neither does Paul Henry. But he is going to find out. Stand by.

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