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

To: Ditchdigger who wrote (10226)	11/20/1998 5:04:00 AM
From: Ditchdigger	Read Replies (1) \| Respond to of 44908

Link to the 6mm share exchange for assets edgar-online.com DD

To: Ditchdigger who wrote (10226)	11/20/1998 5:06:00 AM
From: TOPFUEL	Read Replies (2) \| Respond to of 44908

are you Jeff Berry under a differnt alias. TSIG IMHO will pull through I wouldn't expect a share buyback until the earliest 6 months into nextyear we will see but thats when I feel TSIG will be pulling in the bucks if the internet public accepts the Music Card. David

To: Ditchdigger who wrote (10226)	11/20/1998 5:32:00 AM
From: ztect	Read Replies (2) \| Respond to of 44908

Oops! Am I eating some humble pie.... From the news release... "TeleServices International Group Inc. (OTC Bulletin Board: TSIG), a fully integrated provider of outsourced teleservices and music CDs through the Internet, announced today that it has completed the first $2.5 million of a planned $10 million private placement of convertible debentures through Grady, Hatch & Company, a New York based investment firm. These funds are intended to be used primarily for a marketing campaign that is being launched by TSIG subsidiary Compact Connection, Inc. (CCI), a retailer of compact discs." This is the language I found regarding the private placements id the prior S-8... "...Additional Funding Required. The Company's business will require substantial investment on a continuing basis to finance capital expenditures and related expenses in pursuit of its business plan. Furthermore, there is no assurance that the Company will be able to generate additional capital on a timely basis and on satisfactory terms and conditions to meet its future financing needs or to expand into additional markets. In connection with the further development of the Company's business, the Company anticipates that it may need to raise additional funds through subsequent private placements which will be exempt from registration. Any such additional private placements will not require prior shareholder approval, and may be equity offerings of Common Stock or Preferred Stock convertible into Common Stock, or debt offerings of notes or debentures convertible into Common Stock. Any subsequent private placement of equity securities (i.e., stock) or debt securities convertible into Common Stock would have the effect of immediately diluting the interest of the then existing shareholders of the Company. Furthermore, the Company may also grant registration rights to investors in subsequent private placements, if any...." Ditch, I think it is a bit unfair to cast aspersions until we see the 8-K....I believe the 8-K is where the terms of the placement have to filed. The S-8 only conatins generic language but not specific terms. According to the S-8, the private placement could be 1 of the 4 items. 1. equity offerings of Common Stock or 2. Preferred Stock convertible into Common Stock, or 3. debt offerings of notes or 4. debentures convertible into Common Stock. Until we see the 8-k, do we know which one of the four it is? Doesn't each alternative have a different impact on the shares outstanding? Thus causing different degrees of dilution? Why do you assume that it was a convertible debenture? Isn't that the worse scenario? Are you being a bit pre-mature with your conclusions? Do you know the timing for such a filing? As you said "...we'll see...the terms when the filing is out" Until then, I'm remaining confident with this particular investment decision based on their reduction of overhead costs and debt as well as their business strategy. TSIG IMO is a turn-around play. IMO the worst is over, the best is only beginning plus being highly leveraged isn't so unusual for the Internet sector which they are in. Actually being leveraged is the norm, and being leveraged is due primarily to acquistions such as the ones that TSIG has been making. See link...https://www.siliconinvestor.com/readmsg.aspx?msgid=6479066 Though based on my boob-boo...I do agree with you that I was way off base with my "bold predictions" Thanks for setting me straight. Now back to sleep Eastern Time USA ztect