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

To: Suzanne Newsome who wrote (32528)	7/12/1999 12:32:00 AM
From: Tom	Read Replies (3) \| Respond to of 44908

Suzanne: "So what do you think the average conversion price was?" Darn good question, Suzanne. Both Gordon and Bernie stated that converting and selling started quickly after SEC approval, which was "high 30s" on down, right? Gordon stated that some of the holders just took the money quickly, and that is just the way they do business. Let's hope they took a lot in the high 30s... Before we even try to speculate about the average conversion price, it may help to accept a scenario for "why the price fell". If you buy into the shorting/death spiral scenario, then you might think that more conversion occurred at the bottom of the range, right? If you believe that the price drop was largely due to "selling pressure from selling/conversion", that may imply that conversion occurred all the way down, as the price plummeted. If there has been consistent converting all the way down, we could do an average just for the sake of pure conjecture. (Hey, that's why we're here, right?) I don't know the exact share price at SEC approval, but let's say it was 35 cents. Let's say the bottom of the range is 4 cents. The "average" of the conversion would be approx 20 cents, yes? Wishing thinking? Probably. Thoughts, anyone?