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

To: Jester who wrote (2311)	7/16/1998 11:08:00 PM
From: sammaster	Read Replies (2) \| Respond to of 44908

i am also new to this stock after reviewing the s-8 u mentioned i see that he has been granted options and has the right to sell them BUT i see no mention of the fact that he actually sold them. there have been a lot of insider sell filings BUT there have not actually been any sales. this means to me that the owners think that the stock price will be higher in the near future so they are not selling yet. could someone explain why this stock tanked from $3 to what it is now? thanks samir

To: Jester who wrote (2311)	7/16/1998 11:25:00 PM
From: David A. Irvine	Read Replies (5) \| Respond to of 44908

Jester, I will take a stab at one of your many questions. You may have seen this already, but I will re-post it for others who may not have. The following is an excerpt from gamblers post #1594. The information was gathered during a conference call between gambler, Beeblebrox, and Mr. Gordon.. "The first question I felt that needed immediate answer was regarding Mr. Gordon's selling his 6,480,000 shares per the S-8 filed on June 25, 1998. Mr. Gordon DID NOT sell his shares into the float and into the open market. What he did do was sell his shares to a private investment group and, in effect, actually placed these shares as collateral for a loan that, once received, was then loaned to TSIG. He told us that he is able to recover these shares, upon repayment of the loan, and that this investment party agreed not to lend these shares out to anyone for shorting purposes, nor will they sell them." I hope this helps. -Dave