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

To: Mylan Hart who wrote (32527)	7/11/1999 11:36:00 PM
From: Suzanne Newsome	Read Replies (1) \| Respond to of 44908

Let's talk about dilution. Before the PP was a factor, the outstanding shares was 80 million shares. Thanks to Bob, Jeff, Tom, and Phil, we have reason to think that all but $1.0 million of the borrowed money has been converted. This means that the original $3.0 million of the PP plus an additional $1.0 million assumed borrowed under PP terms less the $1.0 million left to be converted means $3.0 million of debt has been converted. N.B. Thread members are in the process of obtaining confirmation of the above statements. We have heard many versions of how many shares TSIG will eventually end up with. Let's look at a few scenarios and see which one seems more likely given what we know. We are assuming that principle converted is $3.0 million. Calculations are done as follows: principle/ conversion rate = #shares. The units of that equation are $/$/shares=shares. Suppose the dilution due to the PP so far is 120 million shares ( 120 + the 80 we started with is 200 million). Let's solve for the conversion rate. $3,000,000/x = 120,000,000 shares. X = $.025 Does anybody think that the $3.0 million converted so far has been done at an average of 2 ½ cents per share? Don't forget the 30% discount and don't forget that conversion can happen without selling. I believe the low has been 3.8 cents. The low of 3.8 cents less 30% is 2.66 cents. Is it likely all the conversion took place at this rock bottom price? Probably not. Note that a 5 cent conversion rate (implies stock price of 7.1 cents) results in 60,000,000 shares. Also, a 10 cent conversion rate (implies stock price of 14.3 cents) results in 30,000,000 shares. So what do you think the average conversion price was? Regards, Suzanne