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

To: bpf who wrote (9237)	11/1/1998 10:44:00 PM
From: MB	Read Replies (1) \| Respond to of 10903

When I questioned McGee - numerous times, he basically had no comment on the matter. In fact, he was thankful that TK has supported them since inception. Who knows at this point... One more for your enjoyment (I won't pollute our thread anymore after this one, you can all go to the CSGI message board on Yahoo and view them all there): FutureLink(FLNK) does deal with Thomson Kernaghn _Tech__ (34/M/Denver, Co.) Nov 1 1998 8:14PM EST link: sec.gov >> The Convertible Debenture issued allows Thomson Kernaghan & Co., Ltd. to convert to common shares of the Company at a conversion price equal to the lesser of $.75 cents or 78 percent of the average closing bid price on the OTC Bulletin Board for the Company 's common shares in the three trading days prior to the date of notice of conversion, which must be on or before August 14, 2001. The 1,000,000 warrants issued to Thomson Kernaghan & Co., Ltd. are at an exercise price $1.00 per share expiring August 14, 2001. << >> As of August 20, 1998, the agreements contemplated: (a) $5.0 million being advanced over time; (b) a share price of $0.93 per share; and (c) a conversion rate of the lesser of $.75 or 78% of the 3 day average trading price prior to the date of conversion. As of September 28, 1998, only $2,250,000 had been advanced. Of the $2,250,000 advanced only $200,000 has been converted. On September 21, 1998, Thomson Kernaghan converted $200,000 of debt into 700,000 share at $0.3016 per share (78% of 3 previous days trading average) resulting in 700,000 of the 11,000,000 << So what happened to FLKN price from the time of the Debenture deal originally done (some time in Aug. ?) chart: quote.yahoo.com Thomson strikes again.... from a price of approx. $.93 the stock tanked to a low of $.25 But wait a second, how could Thomson keep doing these kinds of deals if they put up large sums of money and convert shares into a sinking company ? .... well, it should be obvious that their intentions are to: A: illegally begin short selling the stock through the (CDSE) Canadian Depository Stock Exchange as soon as you are about to sign a debenture deal. B. Keep shorting the stock to insure the maximum amount of shares will be issued in the conversion. C. Once you have dropped the stock down far enough that it will insure you a profit, then convert your shares, and cover most of your short position with them.. (HIGHLY ILLEGAL!) D. Since the Conversion was based on the stock price, you should be able to get more than enough needed to cover your shorts., however you want to run the stock back up now, so you go into the market and cover a small amount of your shorts to give the impression that the stock is now coming back up. As the unknowing investors jump in thinking their depressed stock is coming back, you then zap them with the rest of the cheap shares you got in the conversion. nice game .... But the GIG IS UP! Oh btw - which NASD member is on the bid of FLNK ? ,....... that's right.... our old buddies NITE (Knight Securities)