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

To: JWC who wrote (33050)	7/30/1999 9:33:00 AM
From: Suzanne Newsome	Respond to of 44908

Jeff, what is it, 20 thou? Not a problem! You want it in cash or check? LOL Regards, Suzanne P.S. I forgot to ask: what do I get from this?

To: JWC who wrote (33050)	7/30/1999 10:32:00 AM
From: Suzanne Newsome	Read Replies (2) \| Respond to of 44908

What does it mean to have over 1 million shares traded within 5 minutes of the market opening? That is the first of many questions we would like answered. In the absence of people who really know, I am stepping forward to offer some ideas. First of all, I am told that the "old PP" has finished conversion. People are in the process of trying to confirm that with Gordon. While we are waiting, we knew at one time there was just under $3.0 million drawn on the PP. One of the PP holders stepped forward with another $1.0 million which we assumed had basically the same terms as the original PP. That gives us a total of $4.0 million of old PP. Before the PP was announced, TSIG had approximately 80-82 million shares outstanding. Bob reported recently that the Transfer Agent states that 122 million shares are outstanding now. That implies an increase in shares of 40 million shares. There has been mention of 7 million shares that "went" to Robert Gordon. Let's remind ourselves what that was about. Before the shareholders' meeting took place (i.e. before the authorized shares was increased from 100 million to 300 million), conversion was happening, the company was out of authorized shares, Gordon stepped up with 7 million of his own shares with the understanding that those 7 million would be returned to him after the authorized was increased. This is an in-and-out transaction and has no effect on the overall total of 40 million shares. So if $4 million were converted into 40 million shares, that implies an average conversion price of $.10 per share. Is this believable? We remember Bernie reporting that some of his people converted at $.24. The above scenario makes sense to me. If someone reports next week that outstanding has gone way up, or if we cannot obtain confirmation that the conversion is finished, then we will have to revisit this scene. Regards, Suzanne