TSIG.com TIGI (formerly TSIG) Message Board

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

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To: Sam LBI nj who wrote (28834)	5/24/1999 4:31:00 PM
From: Ditchdigger	Read Replies (2) of 44908

"For example, if TSIG.com's stock were trading at $3.00 and the debentures were convertible at a 30% discount, then the company would have to issue approximately 2.5 million shares (and not 49 million) for a financing of $5.2 million." Or how about @.21/sh...,,$5,200,000/.21=24,761,905shares +discount 30%(24,761,905)=*32,190,476 shares on conversion* at current price(and not 2.5 million)...DD PS: actually,I believe they would use the bid price of .205 for calculations

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