Gambler, When you contact Mr. Gordon see if you can set up a time for the CC. Also, Ask him to print the S.I. posts: 1380,1387,1422,1525,1526 so as to be prepared to provide answers to these questions.
Also, Ask his opinion about TSIG's stock dilution and it's effect on current shareholders.
According to the S-8 filed 6/25/98
Current shares outstanding: .............43,963,030
shares under option issued under the non-qualified stock option plan, which includes the 7 million option that was granted to Mr Gordon on 4/20/98. A 7 million option that He may already have exercised since 6/25.
Total options under the plan............12,689,193
Other shares that are either: a)under option or b)are under commitment to be issued, which includes commitments to CCI for 6,000,000 and commitments to developers and consultants Lexus Parners & The Ira Group totally 7,500,000 shares
Total options for these commitments:....21,460,693
Grand total of all outstanding shares included shares under commitment and under option.......78,112,916
And of course this total will be increased if and whenever any proposed Private Placement is completed.
Mr Gordon, It would appear that TSIG is well on it's way to the maximum 100,000,000 authorized shares. If the company reaches the 100,000,000 share level including all commitments will the company amend it's by-laws so as to increase authorized shares above the 100 million mark?
Respectfully, JAB |
