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

To: V$gas.Com who wrote (18868)	3/4/1999 9:42:00 AM
From: The Swordsman	Respond to of 44908

This is for you Bob, If you cannot convince them with fact etc.. Dr. Frankel, Please stop trying to convince people that the word authorized is interchangeable with issued. It is not!!! Microsoft has 4 BILLION shares authorized. On the other hand Microsoft has only 2.523 BILLION shares issued Valuation of the company, valuation of the individual shares, and subsequent movement of the share price on the NASDAQ is a direct result of the ISSUED shares and has very little to do with the AUTHORIZED number. The AUTHORIZED amount is a function of of how much the shareholders trust management by granting management the power to issue by fiat. However, the shareholders expect and deserve an honest accounting of the cost of all transactions that will require AUTHORIZED SHARES to make the hyper leap to ISSUED SHARES at all times. That trust has apparently been severely breached in this case. But please do not confuse these two very different and very important terms again. sword