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

To: Sandi who wrote (2366)	7/17/1998 4:05:00 PM
From: Turboe	Read Replies (1) \| Respond to of 44908

Site is good-- finances are UGLY. I sold and will do more DD over the weekend. I mean these guys have a mountain of debt...

To: Sandi who wrote (2366)	7/17/1998 4:07:00 PM
From: Redman	Respond to of 44908

My comment still stands. We have no idea what his personal wealth is like. He may have 15 million in assets with no liabilities. I believe it was stated he is personally loaning money to tsig, and he is doing this from a line of credit, part or wholly collateralized by the stock that was registered. If he is signing personally on the line of credit, then using the line to lend to the company, who cares what the company looks like. The bank will look soley to him for repayment or attach some of his assets if it is not paid back in the specified period. My point in a nut shell, the loan could easily be to Mr. Gordon personally and the bank does not care what he does with the money. There is no way to know, unless of course Mr. Gordon explains it. I'm off for the weekend, lets hope for an active week next week with some good news releases. green