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

To: Zeev Hed who wrote (33987)	8/25/1999 4:57:00 PM
From: Ellen	Respond to of 44908

>> the question should be: is Gordon capable of executing "the plan" with the non existent resources and his propensity to run into too many directions at once without focus. The latter is particularly dangerous, since it squanders resources that right now can only be replaced by massive dilution of the current stock holders. Even if we were to accept REW's figures of "burn rate at $350 K per month", each week of delay in getting funding costs $100,000 or 2 MM additional shares at $.05 or close to 3 MM shares at $.035. Of course, if we discover that the "impending funding" (Next week, still) is of the toxic variety, then the dilution can be expected to be even worse than that. << Serious, and applicable, questions ya got there. Consider: biz.yahoo.com Tuesday August 24, 6:00 pm Eastern Time LLC International Inc. converts debt to equity MCLEAN, Va., Aug 24 (Reuters) - Telecommunications consulting firm LCC International Inc.(Nasdaq:LCCI - news) on Tuesday said it would convert a $5 million promissory note held by Telecom Ventures into 845,087 shares of Class A common stock. The conversion will raise the number of Class A shares to about 10.966 million from about 10.121 million the company had as of Aug. 23, LLC said. The company also has about 8.4601 million Class B shares, for a total of nearly 19.427 shares outstanding. Since June 30, the company has converted $55 million in convertible notes into equity. In addition, to the Telcom Ventures $5 million note, the company converted two convertible subordinated notes totaling $50 million on July 27. LLC said the conversions will reduce its debt by $55 million and, after accounting for accrued interest and taxes, will boost its net worth by about $46.4 million. In January, the company entered into a $5 million convertible promissory note with Telcom Ventures. As of August 1, either Telcom or LCC was able to convert the outstanding principal and accrued, but unpaid interest into shares of the company's Class A Common Stock based on a conversion price of $6.22 per share. Shares of LCC closed up 3/16 Tuesday to 7-5/16 before the news of the conversion was released. The company's 52-week high was 9-13/16, its low 2-3/4. ---------- Anybody want to suggest this to RG?? [not holding my breath...]