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

To: cicak who wrote (23175)	4/1/1999 11:36:00 PM
From: MoneyBaggs	Read Replies (3) \| Respond to of 44908

OT Anyone try this out yet? Free phone calls from your computer: funphone.com

To: cicak who wrote (23175)	4/1/1999 11:41:00 PM
From: Bajasurfer	Read Replies (2) \| Respond to of 44908

THE ISSUES WITH THE IRS... bother me way more than any possible stock dilution. THERE ARE MANY, MANY OTHER ISSUES NOT RELATED TO STOCK DILUTION THAT BOTHER ME ALSO.... The issue with the IRS to be frank concerns me the most. Why in heavens name management wouldn't you deal with them first! Prior SEC statements disclosed the IRS problem and I personally took this as a foregone conclusion that TSIG would of dealt with that from the proceeds of the private placement. Another issue that bothers me huge is the way that TSIG/VSI equipment purchase was handled. (IF I READ THIS RIGHT IT MEANS THEY MAY POSSIBLY HAVE TO LOSE THIS EQUIPMENT IN BANKRUPTCY COURT!!!) READ THIS CAREFULLY! <<<<<<<<<<<<<<<During April, 1998, according to the documents evidencing the transaction, VSI acquired certain telephone switching equipment at a cost of approximately $600,000. Using capital raised by TSIG, a deposit was made to a VSI bank account for an amount sufficient to allow VSI to pay for the equipment. TSIG recorded this equipment on its financial statements as an asset of TSIG rather than VSI and did not include this equipment with the assets of VSI listed in its bankruptcy filing. Creditors of VSI, including the Internal Revenue Service, may have a claim against TSIG for preference of creditors related to the foregoing transactions. A contingency exists with respect to these matters, including final determination if the transactions between TSIG and VSI are legitimate transactions allowable by Federal Bankruptcy Code or if they are determined to be violations of preference of creditor statutes, rules and regulations. >>>>>>>>>>> I'm very discouraged as I read this tonight....LET'S BE HONEST THERE ARE NO GOOD ANSWERS TO AVOIDING THE IRS! If the stock dosen't go up tommorrow I'm out of my remaining 20k shares. Baja