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

To: Patricia Trinchero who wrote (21289)	3/21/1999 6:46:00 AM
From: Ditchdigger	Read Replies (1) \| Respond to of 44908

Patricia, <The discount will be determined by the share price at the time of sale> I don't think you have a grasp of the discount..Let's say at conversion time the stock price is $1, that means the PP holders can convert(we'll use a 25% discount as an example) at $.75, giving them an instant 25% profit..ei 25% more shares on conversion..so using $2.5mm placed and price at a dollar, instead of receiving 2.5mm shares they receive 2.5mm plus 625,000, giving a total of 3.125mm shares(@.50..6.25mm)..these PP's are sweet deals for the holders..here is a great article which further explains. ljx.com PS: nice job Baldy, but I see your info is missing a few pages (3,which explain the terms of the PP)....it looks like it cost the company a bunch, to place the PP, generally, consultants(sales commisions<g>) take a large cut off the top...that is why they call it last ditch effort financing.