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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG)
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To: Andrew H who wrote (15776)1/25/1999 5:44:00 PM
From: Ditchdigger  Read Replies (1) of 44908
 
You better sharpen up your reading skills(not to mention your multiplication skills) if you're going to start shooting your mouth off..DD
"

Andrew, my guess would be a discount to the market price of between 65 and
85%..There has already been 2.5mm placed..let's assume an average closing price of
.35..lets use 70% as an average discount rate for the convertible preferred...this means
at .35 they can convert at .245...the result is another 10mm shares +/-....now if they
have used more of the original 10mm than the announced 2.5mm, well you do the
math..DD
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