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

To: TideGlider who wrote (33539)	8/15/1999 2:58:00 PM
From: Bald Eagle	Read Replies (1) \| Respond to of 44908

<<After conversion, don't they own the majority of the stock?>> In that case, wouldn't they be interested in converting and holding for a while. Surely, at least some of them believe in the business plan and the ability for TSIG to become profitable.

To: TideGlider who wrote (33539)	8/15/1999 3:32:00 PM
From: Zeev Hed	Respond to of 44908

Tide Glider. Typically, floorless bandits do not hold after conversion, conversion is used to cover prior shorts. Conversion might be the best sign of health if it abolishes completely the floorless, but I do not see that. The game is quite simple, the company needs more money every quarter (actually every week, since they are always working with essentially no cash on hand), the bandits short against the box in the $.07 right now (before it was in the $.09 to $.1) range, take the money and buy more converts, when the stock drops some 20% to 30% (like last week to the $.05 to $.055) they convert and deliver stock against short. They might also try and do double dipping (covering some of the short to generate a rally into which to short again). It would be nice to know for a fact on a given day what is the share count and the floorless still outstanding. We always have a 90 to 120 days delay before we know what is really happening. As for the price action of the stock, I think that toward the financing announcement (before we can even guess the details) a well orchestrated hype campaign may get the stock marginally above $.08, and then we will have few 5 to 10 MM shares days with stock going nowhere, a sign that the next tranche is being shorted, the next drop should be for a "test" of the sub $.04, which might not hold (mostly because of coincidence with general market weakness), and then the next conversion could take place at $.025 to $.03. The new shares authorization of 300 MM shares might very well be blown out before the year is out if this scenario materializes. Zeev