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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG)
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To: Redman who wrote (429)5/12/1998 2:34:00 PM
From: Juan Dominguez  Read Replies (3) of 44908
 
These 12,000,000 shares are NOT and I repeat, NOT new shares. They are shares that company officers and directors have acquired through the exercise of options.

the SEC form S-8 are usually required to be filed once shares under a company or employee stock option plan, have been acquired. The S-8 needs to by filed in order for the shares to be freely tradable. Without an S-8 filing the shares are restricted and cannot be traded.

An S-8 filing is not a filing of an "INTENT" to sell, it is just a filing to free up the restriction of shares after the options were exercised.

Therefore, the shares outstanding will be at 35,000,000, which is stated in the first few pages of the S-8.

If you all read the first few pages of the S-8, you will also see that these 12,000,000 shares DO NOT represent any NEW money or proceeds to the company.
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