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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG)
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To: Redman who wrote (30112)6/4/1999 4:32:00 PM
From: Zeev Hed  Read Replies (1) of 44908
 
Well, Redman, Dave Gore just posted very important information which in essence states that the 52 MM in registered shares is the "absolute" maximum and there will absolutely be no more dilution.

I believe this is misleading information and depends on the price of the stock not dropping under $.10, if the price drops under this, there will be another SB-2 and more dilution just as the day follows the night.

There is no indication that $.10 is a floor for conversion, the $.10 was used as a tool for registering a given amount of shares, nothing more. Unless, of course, Gordon struck a new deal with the floorless bandits to set a floor. That has happened few times before in situations like that, but management must come up with a plan to the bandit that they will be willing to take. That would be material and very important information.

Zeev
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