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Microcap & Penny Stocks : TPII - Year 2000 (Y2K); Groupware; Client Server Migration -- Ignore unavailable to you. Want to Upgrade?

To: Steelguy who wrote (8507)	8/28/1998 1:34:00 PM
From: MB	Respond to of 10903

Check out what happened to TPI's price during the last convertible debenture they issued last 8/1/97. I posted the price history (note the volume on 8/27 & 8/28 - the conversion date, and what happened to the price...) On August 1, 1997, TPI sold to Thomson Kernaghan an 8% convertible subordinated debenture due July 31, 1998 in the principal amount of $108,750 the "Debenture" for a gross purchase price of $108,750. The Debenture was converted, on August 28, 1997, into 198,000 shares of Common Stock at the conversion rate of $0.55 per share. The Debenture was issued in reliance on the exemption from registration provided by Rule 504 of Regulation D, under the Act and the shares of Common Stock issued on conversion of the Debenture were issued in reliance on the exemption from registration provided by Section 3(a)(9) of the Act. TRANSFORMATION PROCESSING IN 28-Aug-98 TPII 89365V10 Common Stock OTC U.S. Dollar Date Volume High Low Close 30-Sep-97 107700 0.6875 0.5313 0.5938 29-Sep-97 139800 0.7813 0.7188 0.7188 26-Sep-97 83400 0.7813 0.6875 0.7656 25-Sep-97 127500 0.7813 0.7188 0.7344 24-Sep-97 152100 0.7813 0.6563 0.7500 23-Sep-97 448300 0.7813 0.6250 0.6875 22-Sep-97 383900 0.6563 0.5100 0.6563 19-Sep-97 28900 0.5313 0.4688 0.5000 18-Sep-97 89600 0.5313 0.4844 0.5313 17-Sep-97 139100 0.5313 0.5000 0.5156 16-Sep-97 147500 0.5625 0.4688 0.5000 15-Sep-97 66800 0.5313 0.4688 0.5313 12-Sep-97 45900 0.5313 0.4375 0.5313 11-Sep-97 80000 0.5313 0.4375 0.5000 10-Sep-97 734200 0.5313 0.4200 0.5000 09-Sep-97 451700 0.4063 0.2813 0.3750 General Electric Ct. 08-Sep-97 348300 0.4688 0.3125 0.3906 05-Sep-97 148700 0.4688 0.4063 0.4688 04-Sep-97 88000 0.5000 0.4063 0.4063 03-Sep-97 463900 0.5000 0.3438 0.4375 02-Sep-97 26000 0.5000 0.4063 0.4375 29-Aug-97 197800 0.5000 0.3750 0.4063 28-Aug-97 313500 0.5313 0.4590 0.5000 Date Converted 27-Aug-97 482300 0.5938 0.5000 0.5000 26-Aug-97 12600 0.6563 0.5625 0.6563 25-Aug-97 24400 0.6500 0.6250 0.6250 22-Aug-97 48400 0.6600 0.6094 0.6563 21-Aug-97 62000 0.7500 0.5938 0.6250 20-Aug-97 55400 0.6875 0.5938 0.6406 19-Aug-97 64300 0.7188 0.5938 0.6875 NC Electric Contract 18-Aug-97 49000 0.7500 0.6563 0.6875 15-Aug-97 129200 0.7500 0.6250 0.6250 14-Aug-97 143500 0.7500 0.6250 0.6563 13-Aug-97 51900 0.6875 0.5938 0.6250 Market Update 12-Aug-97 18200 0.7188 0.5938 0.6400 11-Aug-97 23200 0.7188 0.5938 0.7188 08-Aug-97 76900 0.6563 0.5625 0.6563 07-Aug-97 86500 0.6875 0.5800 0.5938 06-Aug-97 5600 0.7500 0.6563 0.6563 05-Aug-97 83000 0.7500 0.6563 0.6563 04-Aug-97 2500 0.7188 0.7188 0.7188 01-Aug-97 15200 0.8125 0.7188 0.8125 Issued Debenture