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

To: Suzanne Newsome who wrote (34635)	9/9/1999 9:15:00 AM
From: REW	Read Replies (2) \| Respond to of 44908

Suzanne, I spoke to Henry for a few minutes last evening. 1) For what purpose is the company registering 25 million options at 5 cents? Does this not exacerbate the problem of unfettered dilution which the company is staggering under now? They are considering some additions to the personnel. In order to get the quality they want, options would have to be in the package. This number was selected to have enough in reserve to last for some time and would not likely be all used. They didn't want to have to do it again so overstated the expected need. These normally vest over a period of time so the impact is very slow. An example would be in equal stages quarterly over a three year period. I don't know why a nickle was selected except the price of the stock is there right now and immediate hirings would be looking at that. Someone could ask the question whether this number is a floor and the actual awarding could be higher. Maybe they can go up and not down. 2) Why have the terms of the 2nd PP not be announced? When will the terms be announced? As soon as the final funds are received for the later installments and the final calculations are in place. That is just my understanding from a prior recollection. 3) In management's opinion, what will total outstanding shares be in 6-12 months? Didn't ask. I think there are still some conversions to be done and the terms of the second PP, once known, should allow us to figure it out approximately. 4) What is current outstanding shares? Check with the TA. On 8-30 we were at 137m according to a post. Bob

To: Suzanne Newsome who wrote (34635)	9/9/1999 3:52:00 PM
From: cicak	Respond to of 44908

Hi Suzanne, I just got off the phone with Paul Henry. (1) I asked him about the number of distributors for MyPhotoCard - and he said in the single digits or low double digits. I told him I would call him back on Monday to confirm the number and also to clarify who Scott Richards is. (2) Funding - He said that announcement would most likely come in a few weeks but certainly before the end of the month. (3) Options - I asked him why 5 cents was used. He said that was used for the purpose of calculating registration fee. I hope someone calls Paul Henry back to confirm my understanding. These issues are important IMO. ========================================================== freeedgar.com Excerpt: CALCULATION OF REGISTRATION FEE Proposed maximum Proposed maximum Title of securities Amount to be offering price aggregate offering Amount of to be registered registered per share (1) price (1) registration fee (1) -------------------------------------------------------------------------------------------------------------------- Common Stock, $.0001 Par Value (2) 25,000,000 $.05 $1,250,000 $347.50 -------------------------------------------------------------------------------------------------------------------- TOTALS 25,000,000 $1,250,000 $347.50 ==================================================================================================================== (1) Because neither the offering price of shares of Common Stock being registered nor the exercise price of any options to be granted under the TSIG.com 1999 Stock Plan is not known at this time, the proposed maximum offering price per share, the proposed maximum aggregate offering price and the registration fee with respect to these shares have been calculated pursuant to Rule 457(h)(1) and Rule 457(c) of Regulation C under the Securities Act of 1933, as amended, which require that, solely for purposes of calculating the registration fee, these figures are based upon the average of the bid and asked price per share of the Registrant's common stock on a date within five (5) days prior to the date of filing of this Registration Statement, as reported on the National Association of Securities Dealers, Inc. OTC Bulletin Board. =========================================================== Regards, Phil