TSIG.com TIGI (formerly TSIG) Message Board

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

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To: ztect who wrote (10356)	11/22/1998 7:33:00 AM
From: Ditchdigger	Read Replies (2) of 44908

Great article z,so your comparing TSIG to Yahoo...well the number of shares in the float is about the same<g>...interesting snippit from an article on LOCK,another convertible disaster,in this case reg s.. Later,DD "Saf T Lok's financial good fortune last fall couldn't have come at a better time. The company that now has a market cap of about $40 million was on the verge of being delisted from the Nasdaq SmallCap Market last fall. A hasty Reg S filing in November allowed the company to sell more than $2 million worth of stock to three offshore investors. This restored the company's asset and stockholder equity levels to the minimum required for listing. But the potential for dilution of shares is quite high. Saf T Lok now has about 10 million shares outstanding. In October, there were 3.2 million shares in the float. The company's investor relations officer was unable this week to provide current information. The number of shares outstanding is almost twice the 5.6 million shares that were outstanding a year ago. If outstanding warrants and options are exercised, the number of shares outstanding would increase by 7.4 million, or 74 percent, according to documents filed with the SEC."

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