Compact Connection (TSIG) - The next CDNW? 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 : Compact Connection (TSIG) - The next CDNW?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Herring who wrote ()	8/1/1998 2:15:00 AM
From: Steve Lin	of 1574

Comprehensive Report on TSIG - Part II : Insider Selling There has been many times when the concern was raised about the 8 million shares of stock that was registered with SEC. See form S-8 (5/8/98): sec.gov And form S-8 (6/25/98): sec.gov A couple posts have claimed that it is a registration that foretells a sell-off. They raise the possibility of a pump-and-dump scam, that TSIG's got this dummy site to pump up the price, just in time to sell the insiders' registered shares. Is it true? Well, here are the facts: There are in fact 20 million shares registered with SEC's S-8 Form. (S-8 defined by SEC: This form is used for the registration of securities to be offered to an issuer's employees pursuant to certain plans.) This plan SEC refers to is each company's option plan. I have not yet been able to get ahold TSIG's Option Plan. Although I don't imagine I could, since I believe it's part of the company's bylaw. Those of you who have info on this particular item, your input will be appreciated. The fact of the matter is that S-8's serve to prepare for the actual distribution of capital stock when the options are exercised. Each company know about the conditions and stipulations of employee options agreement. They know when they need to prepare for it when certain options become exercisable. This process is completely different from Form 144, which is the registration of the intent to sell. (Form 144 defined by SEC: This form must be filed as notice of the proposed sale of restricted securities or securities held by an affiliate of the issuer in reliance on Rule 144 when the amount to be sold during any three month period exceeds 500 shares or units or has an aggregate sales price in excess of $10,000. ) That said, we should all know how to foretell upcoming insider sales. Here is the list of TSIG's current 144's: biz.yahoo.com . There are in total 1,275,229 registered insiders intent to sell since 1/1/98. There are 17 different registrations. You can make up your own mind about what these information means to you. ( ..con't)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next