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

To: MB who wrote (9316)	11/16/1998 10:11:00 AM
From: BONZ	Read Replies (1) \| Respond to of 10903

MB Footnote 4 of f/s, 2nd to last P: “Each debenture provides the holder with certain registration rights that require the Company to register the common shares underlying each convertible debenture within 90 days following the closing date of the issuance. As of July 31, 1998, the Company was not in compliance with this requirement. If the common shares are not registered, the Company shall pay the debenture holders damages in the amount of 2% of the amount of outstanding debentures every 30 days. The amount of damages accrued and charged to operations at July 31, 1998 was estimated to be $6,000. I can't get to the 18.1 M shares either. Suspect its partially due to 603,000 share difference at TA. Looks like the TA was printing TPI shares!! I wonder what will happen if someone has to go on to market to get the shares to replace the ones that don't exist??? :)) to all TPI shareholders if that happens.. Suspect operations are being funded through operations. Remember all the contracts that were announced in Q4. Accounting doesn't let you recognize the revenue immediately, but maybe they got the revenue and cash in Q1, plus don't forget the noncash expenses.