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

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To: Craig Goodstadt who wrote (28372)	5/17/1999 5:13:00 PM
From: REW	Read Replies (8) of 44908

**Brief Meeting with Gordon--Marty & other stuff** I delivered the shareholders nomination of Marty today to Mr Gordon. RG took the packages for Henry and Guild and said he would give them theirs. I got no real indication from him which way things would go. That will be decided later. I did express it was a strong feeling of the investors that the board be diversified with the addition of Frankel. Thank you all. Our job is done for now unless there is an individual that wants to voice his support personally. He also mentioned that even though the investor attitude is low right now TSIG has not stopped. The goals and procurement of business is still going forward. He expects the next few weeks to couple of months show exciting results. Numerous contracts of all statures are expected to be concluded. In regards to those wanting alternative financing immediately, that won't happen for awhile. First, the PP must be contractually satisfied. That will require the additional shares be authorized at a shareholders meeting and the necessary shares placed into escrow. The PP is releasing enough funding ahead of time to keep the company going forward and the rest as soon as the shares are escrowed. Then the company can drive to profitability. The way it was explained to me, this function must be accomplished and then resolved. Once the issue is done then the alternative funding can be obtained. Gordon reiterated the conversion could not take place for 4-6 months. It has been put forward there may be a large strategic investor looking to come into TSIG prior to the conversion availability. Gordon also eluded to that possible happening. Also keep in mind that if the conversion took place the dilution with shares issued to the PP with the stock even at one dollar conversion value would be 5 million shares. Any higher value would be fewer shares. There is no ceiling placed on the conversion. Apparently the pipeline has some very interesting potential contracts in it. There was no discussion of what or when except that the flow through June looks to be very productive. He reiterated the picture looks for profitability before or in Oct. The extension of the profitability outlook has been the additional expenses involved in positioning the company toward the E-business model that has now been almost completed. Lifetime Learning is now in the process of making over 300,000 mailings to the over 100,000 schools to prepare them for the drive to be made by the participating 50 million students. This is a very big contract and looked forward to very excitedly by Gordon. I didn't have much time and couldn't go into further detail but will continue to do my part in supplying ongoing information. Taken from the best of my recollections. Bob

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