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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG)
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To: Zeev Hed who wrote (34300)9/1/1999 7:59:00 PM
From: Suzanne Newsome  Read Replies (1) of 44908
 
Zeev, I am a little confused here. This is the second post in which you refer to the new financing as "floorless." (The first post was #34293. Correction of that error noted).

This following statement appears to be without basis, IMO. "I think that you should adjust profitability to the range of share counts closer to 250 MM (adding about 80 MM shares to the current count assuming that $4 MM will be at an average floorless around $.05, the price few days back when the negotiations were terminated, and then you'll have to see the exact number of warrants granted for each share."

On what basis do you assume that all $4.0 million of the 2nd PP will be converted at 5 cents? Since you were translating earlier, I assume you understand what "tranche" means. We have a PR stating that the first tranche of $1.5 million has been completed. That tranche will be for restricted preferred stock convertible to common stock at a price above the market price. Other tranches to be completed later will also be converted at a price above the market price. The purpose of doing the financing in tranches, as I suspect you know, is to allow the terms of each tranche to reflect the market situation at the time the money is received. The company obviously expects the situation to be much improved over today's conditions.

Since the outstanding shares was recently reported by Ditch to be 137 million, would you mind explaining why you think the outstanding will be 250 million, an addition of 113 million? What is your basis for assuming that all $4 million will be converted at 5 cents? When I consider the repetitive "errors" in your posts and these wild assumptions about conversion prices and outstanding shares, I have to ask the question, "Are you short TSIG?" Did the stock not fall to your target price?

Regards, Suzanne
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