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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 (23021)4/1/1999 5:20:00 PM
From: Patricia Trinchero  Respond to of 44908
 
Maybe you can help us all out by repeating some of your conversation with Golin/H. Some of us need a little uplift after this day.

PatT.con'd



To: V$gas.Com who wrote (23021)4/1/1999 5:24:00 PM
From: Andrew H  Read Replies (2) | Respond to of 44908
 
>>Why did people sell if TSIG hasn't used much of the PP and is not going to use anymore <<

Vegas, the fear is that they will indeed use more of the PP. If they were to use the full amount at .25/share, that would be another 40M shares. If they only use 2.5M, it will be 10M shares at .25/share. So far as I understand it, they have used about 1.5M. At .25/share, that would be 6M shares at .25. If we are lucky, they will not need the rest.

SO FAR, only 125K worth of shares (a bit more than 500K shares) have actually been converted. If the rest have to wait until October to convert, we could do just fine.

However as other have stated, most often these kinds of financings result in significant shorting. There are many ways of shorting the stock using Canadian and offshore brokers and directly through market makers.



To: V$gas.Com who wrote (23021)4/1/1999 5:29:00 PM
From: LadyTrader  Respond to of 44908
 
As I said this morning, I truly believe that people played follow the leader. If people were doing their dd by reading this thread or RB's, they probably panicked and dumped. I think the negative posts outnumbered the positive posts.(this is no way placing blame on anyone at this thread) It doesn't help that the market is closed tomorrow. (at least, I think it is)

Would love to know about your conversation with Golin/Harris.

Anna