Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: REW who wrote (20721)	3/17/1999 8:47:00 PM
From: Andrew H	Respond to of 44908

Thanks, Robert, appreciate it as always.

To: REW who wrote (20721)	3/17/1999 10:29:00 PM
From: Jazzbo	Read Replies (2) \| Respond to of 44908

Bob and others, as a non-securities lawyer, here's my simple take after reading 6 pages of minuscule type, for which I am owed a pair of spectacles, since I am now half blind, and that's got nothing to do with St. Patty's Day. The issuance serves as both a severance package and a means of saving money. Not all of the shares will necessarily be optioned or exercised, the company determines who gets what on a person by person basis, based on merit. Money is saved because TSIG doesn't have to come up with money to pay off all the employees, i.e., TSIG worked out a money and option deal rather than just money. Money you have to come up with immediately; options, ah, options, some many permutations. Also note that way down the form - I'll be damned if I'm going back to that document to find out where - it is indicated that the company can place restrictions on the shares, what kind, I don't know. If I was RG, I wouldn't allow the shares to be sold for a certain time, for obvious reasons. I imagine the severance package says something like, "here's some cash, or here's less cash and the opportunity to purchase shares at a great price, you'll have to hold onto them for a bit, but when you are allowed to sell them, they'll (hopefully) be worth a lot more." Some will take door #1, some door #2. Any part of the 7.5MM not exercised will revert to the company for whatever use it chooses after all employees have settled on a severance package. This is just my opinion from reading the form and from my limited experience with employee benefits packages. I have no inside knowledge. I could be way off, but I think I'm more right than wrong. Naturally. In any event, I don't see any immediate addition to the float, and I certainly am not bothered by the whole affair. And chuckr, please stop raising a ruckus about reverse split, though you've every right to, far be it from me to curtail your 1st Amendment rights. The most likely scenario is that TSIG.com will purchase its way onto the NASDAQ. I don't fully understand that process, and maybe someone more knowledgeable will enlighten us. Best, Tim