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

To: Susie924 who wrote (34653)	9/9/1999 8:53:00 PM
From: cicak	Read Replies (4) \| Respond to of 44908

Hi Susie, the key point is that 5 cents is being used simply to calculate the registration fee. 5 cents is not the price that options will be offered at. The option price is yet to be determined and may very well be higher. :~) Regards, Phil freeedgar.com 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. =========================================================== =========================================================== law.uc.edu Rule 457 -- Computation of Fee Rule 457(c) Where securities are to be offered at prices computed upon the basis of fluctuating market prices, the registration fee is to be calculated upon the basis of the price of securities of the same class, as follows: either the average of the high and low prices reported in the consolidated reporting system (for exchange traded securities and last sale reported over-the-counter securities) or the average of the bid and asked price (for other over-the-counter securities) as of a specified date within 5 business days prior to the date of filing the registration statement. Rule 457(h)(1) Where securities are to be offered pursuant to an employee benefit plan, the aggregate offering price and the amount of the registration fee shall be computed with respect to the maximum number of the registrant's securities issuable under the plan that are covered by the registration statement. If the offering price is not known, the fee shall be computed upon the basis of the price of securities of the same class, as determined in accordance with paragraph (c) of this section. In the case of an employee stock option plan, the aggregate offering price and the fee shall be computed upon the basis of the price at which the options may be exercised, or, if such price is not known, upon the basis of the price of securities of the same class, as determined in accordance with paragraph (c) of this section. If there is no market for the securities to be offered, the book value of such securities computed as of the latest practicable date prior to the date of filing the registration statement shall be used.