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

To: Bald Eagle who wrote (43932)	12/20/2000 5:50:06 PM
From: V$gas.Com	Respond to of 44908

The problem with this company, as was before, is what we can't see, or what they won't let us see. The bad thing now is that we are in that period where there is a lot of time between SEC filings. This is the time when this company gets scary!

To: Bald Eagle who wrote (43932)	12/20/2000 6:08:43 PM
From: ztect	Read Replies (1) \| Respond to of 44908

Yep, that's the problem in addition to the general overall condition of the markets. Convert holders short using the bonds as collateral to cover thus hedging against their own investment, and in a down market with the added burden of margin calls and tax selling putting downward pressure on volume while increasing sells, dilution gets worse with every decrease in price. When I read and understood the terms of the loan, I said to myself okay that won't be too bad since the price was then over $1.5 resulting in less than 2 million conversion shares. However, as you've noted with the decrease in share price the conversion shares create substantially making dilution much more worrisome and I, like you, have been recalculating the conversion share number at these prices. That's why I've noted on a couple prior occasions that if Affinity has revenues as "news released" or GS has any remaining cash it hasn't burned through, that any cash or revenues be used to pay down, at least, a portion of the LT debt. If even half of the debt were paid off then that would be a creation at these levels of 5 as oppose to 10 mil shares. Morover if such payment were made, especially in conjunction with a stabilization or bounce in the overall markets with maybe another Coca Cola or other corporate announcement, then a change in the stocks price trend possibly could occur with pressure being put on any short positions further mitigating the dilutive impact caused by the remaining balance of the LT note becoming conversion shares. z

To: Bald Eagle who wrote (43932)	12/20/2000 6:32:59 PM
From: JWC	Respond to of 44908

Baldy what does your TA show?