*************** IMPORTANT **************
Hi Sam and ALL:
Since there was a "cry" to get something in writing, I took it upon myself to call TSIG and request just that. Unfortunately, I don't have a scanner, so pardon my typing, but this was just faxed to me. It appears I was pretty close with my "possibilities". IMO, this company is "squeaky clean" with, again IMHO, a huge future ahead of it. Now, I'm going to work. Speak with you later.
Be Right!!!... Sit Tight!!!
Best always,
Marty
******** ON TSIG LETTERHEAD ********
TO: Marty Frankel
FROM: Paul Henry
SUBJECT: Various posts on siliconinvestor.com
DATE: March 4, 1999
In response to various posts that have been made on Silicon Investor over the past 24 hours, I would make the following comments:
1. On the advice of its securities attorneys, the company cannot respond selectively to posts that are made on the thread. If people have questions or concerns about the company, they should call me at 727/897/4000.
2. The company is properly sensitive to issues of proper disclosure. In many instances, we would like to say more, but we must be guided by the advice of securities counsel. This protects both the company and its shareholders. I speak daily to securities counsel about various issues, including proper disclosures.
3. I regard my responsibilities as investor relations contact to be as important as my duties as corporate secretary and a director of the company, and allocate my time accordingly.
4. Relative to the number of shares outstanding, I have been advised by securities counsel as follows. TSIG has approximately 90,000,000 shares issued and outstanding, of which 17,000,000 restricted, unregistered shares are held in escrow pursuant to the convertible debenture financing. The number of shares that the investors' will ultimately receive depends upon the stock price at the time of conversion, if the investors elects to convert. Other shares have been issued as a result of the exercise of options, loan conversions, and employment contracts. Most of these shares are restricted. The precise breakdown of these shares will be publicly available in due course, when the company files its Form 10K for the year ended December 31, 1998. |
