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

To: Andrew H who wrote (15767)	1/25/1999 5:24:00 PM
From: Bald Eagle	Respond to of 44908

No. please, let's answer his question, just so he won't have to ask it any more. Pretty, pretty PPPPLLLEEAAASSSEEE :-)

To: Andrew H who wrote (15767)	1/25/1999 5:26:00 PM
From: Ditchdigger	Read Replies (2) \| Respond to of 44908

Andrew, my guess would be a discount to the market price of between 65 and 85%..There has already been 2.5mm placed..let's assume an average closing price of .35..lets use 70% as an average discount rate for the convertible preferred...this means at .35 they can convert at .245...the result is another 10mm shares +/-....now if they have used more of the original 10mm than the announced 2.5mm, well you do the math..DD