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

To: Roy F. Baker who wrote (34115)	8/27/1999 6:17:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 44908

Roy, take the 10Q for the quarter ending March, and look at the discussion of the liabilities TSIG did assume on putting VSI into CH 7, about $600 K, read very carefully the language about liabilities on payroll taxes and you will see they did not say all liabilities they said specifically some liabilities. Thus my statement. Whatever they tell us orally is fine, but it always has a future element of "plausible deniability", what is in the SEC documents is in stone, and that is why these should be read very carefully rather than listen to the continuous "next week" song. The same applies to the 4 MM shares which were part of the settlement "donated" by Gordon without increasing the number of shares. Suzanne came down hard on me for not completing that sentence, but nowhere did that document say that Gordon will not be entitled evetually to be refunded these 4 MM shares. I would not be surprised, and it would probably be completely legal, to find out that the "value" of those shares on the date of donation, (around what $.4? $.2, someone could probably look these up) would be taken for valuation of replenishment. I think that we will discover in time that a big chunk of the $4 MM "credit" taken on putting VSI in CH 7 will be reversed, and you can read this between the lines of the SEC document. PH may not be familiar with the details or needs to "get this thing under the rug" until hopefully such a reversal will be absorbed in future profits. I for one do not see such future profits in the future of TSIG, but that is a side issue. After all, I have been quite blind for the last five months, so I am probably too blind to see the obviousness of the $20 MM plus gross profits in the last quarter or for that matter in the next year. Zeev