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

To: george wood who wrote (561)	5/13/1998 11:44:00 PM
From: Martin E. Frankel	Respond to of 44908

George, PMFJI, but you're correct re: << Regarding registration of securities, this might be the registration required on stock purchased prior to the company going public. I know this is required and there was a bunch of it sold. >> Private placements almost always have a contractual agreement signed before the deal is done that the Company will register the stock for the VCs or angels after a certain period of time. Most of this stock in a startup is purchased for very little and the initial investors got a good return on their money. Additionally, many insiders have options they exercise and/or stock which is not registered. Filing 144's with the SEC can be time consuming and it is frequently done without any selling. Once the shares are registered, the 144 can be renewed every 90 days quickly and simply so that shares can be sold at will. Insiders frequently do this so they can easily sell shares if they need or want cash. But, more often than not, the number of shares sold as a percentage of the insider's total holdings is the important factor. If an active principal sells the majority of his/her stock without having options to compensate for the amount of shares they sell... I worry. But, if an insider has 1,000,000 shares and sells 100,000 at $60.00 <VBG>, why worry? Wouldn't you want a little play money too, especially if you were taking stock in lieu of a big salary? As the old expression goes: "Be right, hold tight." Don't let the MMs panic you... some appear to be short... probably the reason Herzog and some others kept the ask down today. If they're short they have to close out their position and would like to drive the price down. It took me over 40 minutes to get a fill of 20,000 shares today at $0.44 which was the ask during the whole time period. Over a 100,000 shares were traded on the bid side (0.43) before they filled my order. Seems there isn't that much stock available and MMs on the BB can bypass a limit order to fill whomever they choose... like other friendly MMs. Lock up your stock and squeeze down the float. This seems better than KTEL!! Best wishes, Marty

To: george wood who wrote (561)	5/13/1998 11:47:00 PM
From: pressboxjr	Read Replies (2) \| Respond to of 44908

<<Spoke with Paul Henry at TSIG today. He was very upbeat and confirmed pretty much everything positive we've heard mentioned. 18 million float, 35 million outstanding, 6 million shares for CCI, dynamic website (he thinks by June 15).>> OK, so what is the real story here. First I hear June 1st, then I hear June 8th, now June 15th. Also, what is "pretty much everything". What wasn't positive? Not trying to be negative, but what is the real date for the opening of the site?