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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG)
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To: ztect who wrote (29471)5/29/1999 7:24:00 AM
From: Zeev Hed  Read Replies (2) of 44908
 
ztect, you were the one claiming that the price decline was due to longs on the thread selling their shares, all I said is since the last filing where about 80 MM shares were outstanding another 10 to 15 MM shares were added to the float if indeed there are now 95 MM shares, that would explain the source of new selling. I see only four or five longs on this thread selling their shares, that could have been absorbed easily in the volume over the last few weeks.

You are absolutely right about the double counting, and that is why the addition of such new supply of shares could have the impact we have witnessed.

It might be nice if someone got an independent verification of the new share count, maybe, as an ardent bull, you should verify this number with the transfer agent.

Good luck.

Zeev
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