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

To: Andrew H who wrote (18704)	3/3/1999 6:26:00 PM
From: REW	Read Replies (5) \| Respond to of 44908

*ATTENTION TO ALLMUST READ** I just spoke with Robert Gordon by return phone call. When the 10 million was arranged from Grady-Hatch, TSIG was required to put up 24 million shares in escrow for the PP with an attorney. This is what the increase in the o/s is we are seeing. So far the draw has been slightly less than 2 million. The PP draws cannot be converted until registered and that has not happened yet. The registration should occur in about 30 - 60 days. The conversion cannot be done before the registration forms are completed, approved, and effective. This process has not been started and will take 4 - 6 months to complete. The earliest the conversion can impact is 4-6 months and probably longer. The conversion IS done on the stock price at the time of conversion. If we are at $3.00 at the time of conversion and if there has been 3 million taken, the dilution will be about ONE million shares. Of course the PP gets a discount. They are in business too. Any remaining shares remain with TSIG. This is as best as I can explain the conversation and share increase. There is no derogatory movements being made by TSIG. RG made a strict point to make clear there is nothing being done to harm shareholder values. If there are any remaining questions that deserve an answer RG will be in his office tomorrow and ready to take a call from me as readily as he can.