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


To: Bald Eagle who wrote (22846)4/1/1999 8:09:00 AM
From: REW  Read Replies (3) | Respond to of 44908
 
To: REW (20809 )
From: REW
Thursday, Mar 18 1999 9:34AM ET
Reply # of 22848

I just spoke to James Guild and Robert Gordon separetely. This is my best response to
the S-8 as I could understand.

Registration under an S-8 is part of the package designated to employees.

There were no new shares issued.

This had nothing to do with VSI.

This is a compensation package for the employees that should have been reported
awhile back. It is an obligation to the employees that needed to be cleared up from
before.

Generally the employees will earn their options over 3-5 years. The vesting will occur
either monthly or anually on a direct percentage basis. 3yrs vested at 1/36/mo or 1/3/yr.

None or very little have been exercised. Why place money into the stock today when
the same money later will get the same shares.

There are a number of new employees to be added shortly.
10-12 in sales
8-10 in marketing

There is no problem here. This is a normal function of any company in attracting good
employees. This is actually good news in that TSIG has taken the stance of doing what it
can to get the highest caliber of employee. I think it is working.