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


To: REW who wrote (13666)12/29/1998 6:50:00 PM
From: FREAKAZOID  Respond to of 44908
 
never mind..

freak!!



To: REW who wrote (13666)12/30/1998 6:46:00 PM
From: Ditchdigger  Read Replies (1) | Respond to of 44908
 
Lets hope TSIG's New Years resolution, is to publicly disclose to investors the terms of the convertible debenture placement..Will be interesting to see if or by how much the outstanding number has changed when the 10K comes out..51mm and counting............DD
PS: has the company addressed these issues?
"5) Litigation

The Company is a party to numerous litigation and threatened litigation
matters related to alleged nonperformance of contracts and nonpayment
of various obligations. Contingencies exist with respect to these
matters. The ultimate costs, if any, related to these matters cannot
presently be determined. The financial statements as of September 30,
1998 include a $808,013 provision for estimated potential costs related
to these matters.

(6) Creditor Delinquencies

The Company is materially delinquent on payment of various creditor
obligations including various obligations to the Internal Revenue
Service. Failure to pay these balances due could result in the
inability of the Company to continue in business."