Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG) -- Ignore unavailable to you. Want to Upgrade?

To: cicak who wrote (31161)	6/13/1999 8:46:00 PM
From: Ditchdigger	Respond to of 44908

phillip,that isn't to say the price couldn't spike on news,but the dilution creates some strong downward pressure,IMO from the sb2 "DEBENTURES AND WARRANTS The company offered convertible debentures pursuant to a private placement which commenced in November 1998 and concluded on April 28, 1999. The debentures bear interest at the rate of 8%, mature on October 31, 1999, and are convertible into shares of common stock at a 30% discount to the average market price for the five days prior to the date of conversion. Convertible debentures totaling $2,369,000 in face value had been sold to 8 investors. Three of the investors have committed to purchase another $2,800,000 of the debentures if certain conditions are met when this registration statement for the resale of the shares of common stock issuable upon conversion of the debentures is declared effective by the SEC. The company is contractually subject to a penalties equal to a further discount upon conversion of 5% per month for failure to timely file the registration statement and to cause the registration statement to become effective. The company agreed to pay to a placement agent, Grady & Hatch and Co., Inc. a commission of 10% and a non-accountable expense allowance of 3% of the gross proceeds on all debentures sold with the assistance of the placement agent." If I read this right the first wave will end by Oct 31..But I don't know the date of maturity on the second wave of the $2.8mm (is it the same?..a good question for management)..

To: cicak who wrote (31161)	6/13/1999 9:29:00 PM
From: ED S.	Read Replies (2) \| Respond to of 44908

IN ALL FAIRNESS; Wouldn't ONE PROMO deal with 3 to 5 MILLION up front solve all current problems!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! These PROMO deals were in the works and could be announced at anytime! Anyone have an up-date on their status? ROME WASN'T BUILT IN A DAY! There has been truth and mistakes on both sides but one thing you haven't given TSIG is TIME to get their programs off the ground! LET SEE IF WE CAN UP-GRADE THIS THREAT TO SOME DEGREE OF PROFESSIONALISM ON BOTH SIDES OR CONSIDER CLOSING THE THREAD! THIS TYPE OF EXCHANGE WOULDN'T BE SOMETHING I WOULD WANT TO SHOW MY CHILDREN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! SORE LOSERS, PLEASE TAKE IT LIKE MEN! TSIG is in the HELPING CHILDREN BUSINESS AND OTHER WORTHWHILE CHARITIES! (CONSIDER YOUR LOSS A CHARITABLE CONTRIBUTION) Somewhere a CHILD sleeps better due to people that help raise money for some worthwhile program which they were involved in! Have a HEART, Children read the messages on SI too. We have ALL set a poor example to them as ADULTS with the constant bickering on this thread! PRO or CON, You are invited to your local Elementary School to introduce TSIG's MyMusicCard Program to HELP raise funds for Children in your community! P.S. After ALL, You are all experts on stocks, How are you with Charity Programs for Children! and YOU CAN all GIVE YOUR expert opinions on the discussions on SI because the Children are on-line reading and wondering, and that's the bottom line!!!!!!!!!!!!!!!!! Ed