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

To: Susie924 who wrote (34278)	9/1/1999 9:40:00 AM
From: Redman	Respond to of 44908

A tranche is nothing more than a piece of the whole. They are accepting financing in tranches, as opposed to all at once, so as to hope to get a higher fixed conversion rate for the monies accepted later--these monies are not needed now. Red

To: Susie924 who wrote (34278)	9/1/1999 10:07:00 AM
From: Bald Eagle	Read Replies (1) \| Respond to of 44908

TSIG is becoming liking Jesse Jackson i.e. just making up words ... LOL

To: Susie924 who wrote (34278)	9/1/1999 11:31:00 AM
From: Mark McNew	Respond to of 44908

A 'tranche' (derived from French) is used in finance to define part of an asset that is divided (sliced, hence the term) into smaller pieces. A common example is a mortgage-backed security. One bank may only be interested in the payments at the longer end of the security's maturity, while another investment firm may want only the cash flows due in the near term. An investment bank can split the original asset into 'tranches' where each party (the bank and the investment firm) receive rights to the expected cash payments for particular periods. The two new assets are repriced, and the investment bank usually makes a tidy profit. This can be done with many assets, the goal being better marketablity of typically larger assets. If you want more information on how this is used in specific, I would think there would be data on the debt of less developed countries that has been consolidated, then sold in 'tranches' to investors in the developed worlds. The London Club is a group of commercial creditors which holds claim on the debt of Russia, for example invest-faq.com Mark

To: Susie924 who wrote (34278)	9/1/1999 11:51:00 AM
From: Zeev Hed	Read Replies (2) \| Respond to of 44908

Susie, a tranche is literally a "slice", "une tranche de pain" meaning "a slice of bread". It would be best to delay comments until the details of each "tranche" are revealed. Nevertheless, if one is to believe the wording of the release, this does not seems to be a floorless issue. That should relieve some of the pressure on TSIG stock, how much, I know not. It depends how much of the former convertible is still out there, and what are the true terms of this financing. The financing has attached warrants, but apart of stating these warrants are "above markets" it does not say how many warrants for each share, what is the pricing of the first $1.5 MM its timing etc. Nevertheless, it is floorless and thus, if you believe the business plan, you should rejoice. Do not forget to take into account, however, other aspects of TSIG business and its management, thus, IMHO, you should not get too excited and use this rally to actually cash in some chip. My work here is done. If you believe the plan, you can get shares well under $.07 which is quite a discount from the first warning I sounded here when the stock was at $.40. Good luck. Zeev