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: MskiHntr who wrote (23109)	4/1/1999 9:03:00 PM
From: Ditchdigger	Read Replies (2) \| Respond to of 44908

Well,as I said,someone should ask Gordon how it's done " The original lawsuit was filed by Mr. Gordon against Felcrest on February 9, 1998, in connection with a loan agreement wherein Felcrest loaned $1 million to Mr. Gordon. The loan was secured by shares of common stock to the Company owned by Mr. Gordon, and was convertible into those shares unless the loan was first redeemed by Mr. Gordon. Mr. Gordon alleges in his complaint that Felcrest manipulated the market price of the Company's common stock, by engaging in short-selling, in an effort to cause a technical default in the loan agreement which triggered a substantial penalty and permitted Felcrest to convert the loan into shares at an artificially reduce price."