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

To: Larry Brubaker who wrote (34400)	9/5/1999 12:23:00 PM
From: TideGlider	Read Replies (1) \| Respond to of 44908

Obviously it seems a person may still short with impunity. The only difference seems to be no 5day average and 30day discount. Not a real big change.

To: Larry Brubaker who wrote (34400)	9/5/1999 1:04:00 PM
From: Zeev Hed	Read Replies (2) \| Respond to of 44908

Larry, I agree with you, but the nature of the floorlessness is not that clear. We also need to see the details of the fine prints, they talk about "above market", is that just above the closing bid? An average closing bid few days before the transfer of funds? Etc. Apparently, the company expect their shares to be higher, but then, they said on the present floorless (it had no formal ceiling <g>) when the stock was in the $.30 range or so that they believed conversion at $3/share was as "likely" as conversion at $.10. It turned out that a lot of conversion was under $.04. The lender, however, will have to get the company to get an herculean effort under way to get the volume high enough. The first tranch of $1.5 MM at $.05 or so per share means that 30 MM shares will need to be shorted to hedge the position, there is not enough volume to get this thing off the ground. To generate the volume, I presume that a number of PR's are going to be issued, but right now, it seems that the $.07 is more or less the current ceiling. Just few weeks back it was around $.10. The company had about $2.8 MM in accounts payables (bills that they were unable to pay for quiten some time, including bills owed the IRS), and these were not "trade payables" since they buy very little which they resell. It might be interesting to see how much of the first tranches simply goes to pay part of these bills and how much is going to go to cover their burn rate (about $.5 MM per month, IMHO, but some local hypsters insist that the burn rate is only $350.000/month). I still think that apart of short lived rallies like last week, the trend of this stock is straight down to the one penny range. Of course, Larry, if this stock interests you as an investment, you should also look at the "forecasts" on this thread showing beyond a shadow of a doubt that sales are going to rocket to the $182 MM range and these sales will be mostly profits (since their total expenses ar barely $6 MM per year <VBG>). In essence, according to the bulls here, TSIG has a license to print money, and very soon the stock will be in the dollars plus range. By the way, Larry, are you still interested in that bridge in Brooklyn? <G> Zeev