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

To: Ditchdigger who wrote (10182)	11/19/1998 9:37:00 PM
From: ztect	Read Replies (1) \| Respond to of 44908

Hey Man in the Coffin for which you've Dug your own Ditch: "I would have expected the company to file with the SEC since this definitely materially effects your investment..." Guess you found that they did file??? Go to company's webpage: stockprofiles.com Hit the tab "SEC Filings" and you could also have found out their filings and anything else you wanted for basic DD This was the only language I found about options, I didn't see any language pertaining to convertible debenture. This refers to the executive's agreement. Maybe I missed something? Which I could have easily done.... "...A) Contemporaneously with the execution of this Agreement, the Company shall grant the Executive options to acquire 600,000 shares of the Company's restricted common stock at an exercise price per share equal to $.30, the mean between the reported high bid and low offer ($.295 to $.305) prices of the common stock on the business day prior to the date of this Agreement. The options shall vest (and shall become exercisable at the time they vest), subject to continued employment, on a monthly, pro-rated basis over a period of three years, and shall expire on August 31, 2003. The shares of common stock underlying the options shall be included in the next Form S-8 (or equivalent) registration statement filed by the Company with the Securities and Exchange Commission ("SEC") or, if available and in the discretion of the Company, may be included under a currently effective Form S-8 registration statement filed with the SEC for any of the Company's existing employee benefit plans. Notwithstanding any provision to the contrary in a formal stock option plan of the Company (the "Plan") and a separate grant of option agreement between the Executive and the Company under which the options will be granted (the "Grant of Option Agreement"), (i) both the number of options and the exercise price are subject to appropriate adjustments in the event of any stock split, stock dividend or other change in capital structure affecting the Company's common stock, (ii) options which have not vested on or before the date of termination of this Agreement shall terminate on such date, (iii) vested but unexercised options shall terminate 15 days after termination of this Agreement for Cause under Article VII, (iv) options granted to the Executive may not be canceled by or on behalf of the Company, and (v) notwithstanding the expiration date, all vested options must be exercised within one year after termination of this Agreement. The grant of options is otherwise subject to the terms and conditions of the Plan and the Grant of Option Agreement. Executive acknowledges that he shall be deemed an "affiliate" and/or a "control person" for purposes of reporting and compliance under the rules and regulations of the Securities and Exchange Commission..." The 10Q is pretty gory. The company trying to hide any of its past dirty secrets. TSIG has already air its dirty laundry. So unless you're a litigant/claimant in one of the several actions against TSIG, I can't rationally understand how you could be so eager to cast aspertions? These legal actions are also clearly described. ztect