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

To: Maryann M who wrote (12718)	12/18/1998 1:37:00 PM
From: Martin E. Frankel	Read Replies (1) \| Respond to of 44908

Maryann, You're right, it's great news. But please don't thank me. Let's give credit where credit is due... to Rob Gordon, Rich (I believe), and the rest of TSIG management. IMHO, this is a great start, but just a start. Now can I go to my office <VBG>! Be right... Sit tight!!! Best always, Marty

To: Maryann M who wrote (12718)	12/18/1998 2:21:00 PM
From: Walter Morton	Read Replies (1) \| Respond to of 44908

I just compared the web pages of TSIG and its competitors music boulevard.com,CDNOW.com,and KTEL. CompactConnections looks better... period. But these statements in the SEC filing concern me: "As of May 19, 1998, of the issuer's Common Stock, $.0001 par value, there were 39,307,740 shares outstanding." "As of November 12, 1998, of the issuer's Common Stock,$.0001 par value,there were 57,527,738 shares outstanding." How many shares are authorized... 90 million? Is there a trend here? 1998 Vs. 1997 Total Revenues $ 900,336 $ 2,418,584 Salaries & Contract Services $ 4,645,676 $ 5,599,190 "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." "As of the date of this Reoffer Prospectus,approximately 14,006,261 shares of Common Stock have been issued under the Plans and approximately 20,243,739 options are outstanding. The issuance of additional shares under the plans will have the effect of diluting the percentage ownership of the then existing shareholders. The Company also currently has outstanding non-plan options and other contingent commitments to issue shares of Common Stock. Additional securities or options to acquire securities of the Company may be issued or granted at any time by the Board of Directors, in most cases without requiring shareholder approval." "The Company has net operating loss carryovers totaling approximately $26,000,000 at December 31, 1997 which expire in various years through 2012." How long did it take to accumulate $26 million dollars in losses? Was it all accumulated in consecutive years? Have they gotten any better? "The Company recognized as expenses various previously unrecorded accruals for potential litigation matters and various other accrued expenses and provisions for losses, which were recorded in the fourth quarter. These fourth quarter material adjustments totaled approximately $6,000,000." This is old news, but hmmmm... They wait until the fourth quarter to spring that on the shareholders....