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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG)
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To: FREAKAZOID who wrote (15940)1/28/1999 3:49:00 PM
From: REW  Read Replies (1) of 44908
 
I just talked to Paul Henry. Picked up after one ring for me to.

The PP has not been filed with the SEC so stop looking. They don't have to. The terms will probably be disclosed uniformly in the 10K March 31 if no Registration Statement is filed with the SEC before. Everything legally required has been done.

There is no stock in the hands of the PP. There can be no selling.
They have to file to sell like everyone else. Rule 144 or after the Registration Statement is filed with the SEC (and then something about waiting one year).

There is no cap on the stock to be converted. It acts from the price of the stock at a future date(months) with a reasonable discount.

It was very favorable financing for the company and the stockholders.

I can call back to clear points but not for additional contract language. There are a lot of calls going into him about this. Give him a break.

Bob

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