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

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To: Jester who wrote (2311)7/16/1998 11:25:00 PM
From: David A. Irvine  Read Replies (5) of 44908
 
Jester,
I will take a stab at one of your many questions. You may have seen this already, but I will re-post it for others who may not have.
The following is an excerpt from gamblers post #1594. The information was gathered during a conference call between gambler, Beeblebrox, and Mr. Gordon..

"The first question I felt that needed immediate answer was regarding Mr. Gordon's selling his 6,480,000 shares per the S-8 filed on June 25, 1998.

Mr. Gordon DID NOT sell his shares into the float and into the open market. What he did do was sell his shares to a private investment group and, in effect, actually placed these shares as collateral for a loan that, once received, was then loaned to TSIG. He told us that he is able to recover these shares, upon repayment of the loan, and that this investment party agreed not to lend these shares out to anyone for shorting purposes, nor will they sell them."

I hope this helps.
-Dave
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