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

To: REW who wrote (15957)	1/28/1999 7:13:00 PM
From: Andrew H	Read Replies (1) \| Respond to of 44908

Bob, thanks for the call to Henry. Here is part of a post from RB. Sounds just like what you were told. Maybe we can drop the topic for now. By: sparrow68 Reply To #3789 by sparrow68 Thursday, 28 Jan 1999 at 1:37 PM EST Post # of 3826 Paul Henry called me back. This is the gist of the conversation. There are some things that I am confused about but I will look into them. Basically he stated that he initially thought that TSIG was required to file with the SEC the terms of this debenture deal. However, TSIG's lawyers told him that it is not necessary to file an 8K ? for this deal because it is NOT a Regulation S deal. (I forgot about REG S type debenture deals. They are considered the more dangerous debenture deals. I'm going to do more research on this. But in my opinion it is very good it is not a REG S. And I know it isn't because TSIG is obligated by law to disclose that.) So, the only disclosure requirement TSIG is obligated to file is a Regisistration statement and they don't have to do this immediately. I THINK they only have to do this when the shares are converted but I am not sure about that at all. Paul did state that the holding period is for 1 year and I THINK the conversion price is based on the market share price around the time of the conversion (no ceiling?)and some other factors. Paul would not disclose the discount percentage to me. <<