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

To: Zeev Hed who wrote (31604)	6/22/1999 4:31:00 PM
From: Ellen	Respond to of 44908

Well, thanks for your response. However, we were talking about a possible rights offering and, in your comments, you keep tieing it in to the current PP. Rights offering: Thanks for the info on the time lag. You didn't, though, explain why your opinion is that a rs would be required to enable such rights to have trading value. Underlying stock value depends on success(es), if any, of the company (revenues, profits, market sentiment, etc) and not whether there is a rs split or not, correct? [edit: "disregarding" sentiment if there was a rs, of course] The PP: You said: In any event, until a floor is established on the floorless, any rights offering will probably be a failure. Okay, now I see how/why you're tieing them together, so to speak. But you're making a leap (to the negative side) which really is just a guess on your part. It could go either way. Shareholders would either be receptive to a rights offering or not. And while we're at it, I'd bet the possibility of re-negotiating the PP already in place is zilch. A floorless is bad enough, but why exchange that for a ceiling? Wouldn't it just be "held" close to said ceiling?