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

To: secureit who wrote (33596)	8/17/1999 12:11:00 PM
From: Bald Eagle	Read Replies (1) \| Respond to of 44908

TSIG's revenues increased by about 60% from the 1st to 2nd quarter of this year. I haven't had a chance to read the 10-Q yet. Can anyone tell me where the money came from? Where is Suzanne when we need her .. :-)

To: secureit who wrote (33596)	8/17/1999 12:29:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 44908

Secureit, a floorless security is one which is convertible to common stock without a predetermined floor. I have been on SI for the last three years trying (mostly in vain) to educate investors of the dangers of floorless securities, as a result I have learned that most companies that engage in this type of financing are doing so either because their management is completely incompetent or they have their financial back to the wall and have no choice, or both. In troth cases the results are a major decline in the price if the stock, sometimes just a factor of 10 sometimes even more than a factor of 100. In the case of TSIG, I have come to the conclusion that management is both with its financial back to the wall and management is incompetent. On top of it, TSIG's management has a problem with the use of a moral compass and have so far used every opportunity to enrich themselves on the back of the public investors. Faced with these conclusions, I believe that the factor of 10 in reduction in stock holders equity that has occurred since I first came to this thread in March is only half of the way and another factor of 10 dilution is quite possible. Thus I find it my responsibility to continue and warn of the misdeeds of management and the danger of floorless financing. I also find it my duty to counteract any bullshit presented to this thread as next week's salvation, or next quarters' phantom profits as what they are, pure hype. If we were close to the "end game" fine, but we are far from being close to the end game, and more likely than not the end game will be Ch 11. Zeev