TSIG.com TIGI (formerly TSIG) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rich who wrote (39884)	3/2/2000 5:57:00 PM
From: ztect	Read Replies (1) of 44908

Rich........................................ This portion of the MPTV statement is interesting. Reasons for the Reverse Stock Split "....the current low per share market price of our common stock has had a negative effect on the marketability of the existing shares, the amount and percentage of transaction costs paid by our individual stockholders and our potential ability to raise capital by issuing additional shares. Reasons for these effects include internal policies of certain institutional investors which prevent the purchase of low-priced stocks, the fact that many brokerage houses do not permit low-priced stocks to be used as collateral for margin accounts or to be purchased on margin and a variety of brokerage house policies which tend to discourage individual brokers within those firms from dealing in low-priced stocks. In addition, since broker's commissions on low-priced stocks generally represent a higher percentage of the stock price than commissions on higher priced stocks, the current per share price of our common stock can result in stockholders paying transaction costs which are a higher percentage of their total share value than would be the case if our share price were substantially higher. Our Board of Directors believes that this factor limits the willingness of certain institutional investors to purchase our common stock. Our Board of Directors believes that an increase in the price per share of our common stock will have a positive effect on the marketability of the existing shares and will enhance our flexibility in future financing and capitalization needs. One major difference betw. MPTV's R/s and tsig's proposed "restructuring" is that MPTV's r/s is being done to enhance the possibility to obtain additional financing while tsig's 'restructuring" is being done as a condition for substantial new financing already in place. Since reduction of share amount is a prerequisite for additional money up to the $40 mil amount, allotments drawn from this credit that add to significant new dilution would IMO contradict the intent and premise of the agreement and prevent additional amounts being withdrawn to the extended limit. Thus IMO this precludes another floorless covertible vehicle. Without a reduction of shares, an increase in the authorized would have to occur to get financing, but this would have a more detrimental impact on share price for both emotional and fundamental reasons including those cited by MPTV's directors. Consequently splits primarily effect the short term psychology for or against but don't reflect what is occurring with the company. From all practical perspectives, tsig's circumstances haven't changed at all since the latest release. Tsig b-model is the same. All signals have been that the model has demonstrated its viability to Coca Cola, UCP and more B2B partners to come. The new $40 mil agreement will expeditie expansion which should ensure a greater market share for more goods offered and more marketing information gathered. Only short term traders and other momo players concern themselves with the "code" language of the market place to determine their next reaction. Tsig future seems even more assured with such a large amount of credit extended. z

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next