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

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To: Hardy who wrote (28686)	5/22/1999 9:39:00 AM
From: Zeev Hed	Read Replies (2) of 44908

Richard, was the Ch 7 of VSI resolved? The $5 MM "profit" is a non cash book transaction in which the debt of VSI is "erased" from TSIG books. It is nice if it sticks, if I was one of the bag holders of VSI, I surely would want the same treatment other debt holders got (like Gordon, I believe that VSI's debt to Gordon was converted to TSIG shares, but my memory may fail me in this, so many transactions between the Chairman and the company, I am thoroughly confused). If the CH 7 is closed and done and the debt holders have no recourse, than this "profit" is legitimate even if it does not contribute cash. If the CH 7 is still open, I fail to understand this book entry. Zeev

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