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

To: Suzanne Newsome who wrote (32226)	7/7/1999
From: Zeev Hed	Read Replies (3) \| Respond to of 44908

Suzanne and Tom, all I can do to respond to the question whether LeShufy can or cannot short, is cite an historical case, where the President of the company (CAFE) held more than 70% or so of the floorless (the rest with other members of his family), and it was quite evident that he did indeed short, so much that the stock dropped from around a buck or so to a penny and then underwent a 100 reverse split. He was on the board and an Officer. He might have broken few laws in the process, I do not know, and I am always careful of accusing these corporate types of criminal malfeasance (no doubt in my mind that there was moral malfeasance), since that would require too much in depth research and proofs. Somehow, they manage to do it, if they so want to. If Leshufy is "benevolent", why not agree to removing the floorless feature and get in exchange of this a ceiling (so he does not run the risk of having to convert at $3/share as Gordon so maliciously tried to persuade everyone in a news release is such a highly probable event). Zeev

To: Suzanne Newsome who wrote (32226)	7/7/1999 12:18:00 AM
From: Tom	Read Replies (1) \| Respond to of 44908

Suzanne: The basis for the 1.5 figure was a post from REW, in which he stated that Paul Henry (Yale '69), had given him said info. I am not real comfortable with the reliability of the info...but it is the best we can do at this point. Gordon stated that some pp holders had converted already in the conf call, as well as one of Bernie's statements which stated that at least some conversion was occurring. It seems that we cannot deduce anything from the above info, without knowing whether or not Le Shufy has converted yet. Since he is on the board, we can assume that he has a future investment at stake, or he would not be there. If he hasn't converted at all, and REWs info is correct, it would seem that he is the primary (if not only) holder left. Let's be conservative and guess that he has converted 50%. That would mean that he still holds 50% of the remaining amount, which would conceivably leave 750 grand open for shorting. Again, this is just wild speculation run amuck on my part...

To: Suzanne Newsome who wrote (32226)	7/7/1999 1:24:00 AM
From: chip	Respond to of 44908

Sorry to step in here out of the blue into a pretty highly-charged atmosphere. I owned a small amount of TSIG until I heard about the proposed 300 million shares. I received this proxy letter today, and reading it over I'm wondering if the company plans on doing more financing deals in the near future like this last floorless "instrument". "Hence, the company is currently dependent on some type of equity or convertible debt financing. The company has already issued, or placed in escrow, virtually all of its 100,000,000 shares of authorized common stock. Therefore, the company has no common stock available to offer in exchange for additional financing. Without additional financing, the Board of Directors believe that the company will fail." TIA, Chip