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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG)
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To: KIPPer who wrote (26623)4/24/1999 11:14:00 AM
From: Tom  Read Replies (1) of 44908
 
Suzanne: Thanks again for all of your DD. I know we have probably all memorized Marty's recent report, but here are a couple of excerpts which we should remember:

Can another source of financing be found since profitability is supposedly so near?

ANSWER: highly possible. Three (3) other groups are already in hand, but none have been completed as of this date. The company is also negotiating with other corporate entities who have expressed an interest in acquiring a small percentage (10%) of TSIG at a price far in excess of its current trading price (a necessity as trying to buy that amount of shares on the open market would drive the stock price up to a higher level). Please understand, however, that this is just in the talking stage and it can easily take a minimum of three (3) months for these companies to complete their DD. I have personally been involved in other stocks where this latter scenario has occurred and can only state that, IMO, this is a fantastic boon to the company and its shareholders.

9. Will the balance of the PP suffice to get to the point of positive cash flow or will there be more cash infusions required.

ANSWER: It is not anticipated that the entire PP will be required. A total need of $5,000,000 (which includes the funds already presented) is estimated before the company reaches the point of positive cashflow.
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