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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG)
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To: ztect who wrote (29513)5/30/1999 2:25:00 PM
From: Ditchdigger  Read Replies (2) of 44908
 
<One hypothetical construction of this is the following...
95,000,000 mil theoretically OS including shares escrowed.>

Kinda shoots the hell out of that hypothetical construction..DD
From the sb2:
"In connection with the offering, a total of 17,000,000 shares of
restricted common stock were placed in escrow for five of the investors. The company does not consider these shares to be outstanding unless and until the debentures are converted."

I would venture to guess the company's statement regarding the escrowed 17MM shares would also apply to any further escrowed shares registered for PP conversion purposes...but this is JMHO...but it is clear the 17MM aren't considered part of the outstanding number reported by the TA,,again,IMO
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