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

To: The Street who wrote (23492)	4/3/1999 12:59:00 PM
From: The Swordsman	Respond to of 44908

Done right here in the good 'ol USofA. Just need the right broker with the willingness to look past the legend on the preferred shares and they'll short the hell out of it. Certain other considerations apply but that's about how simple it is. A broker that will allow hypothication of the preferred for the on-th-come common. Many of these toxic preferred's won't even have a legend attached and can be openly shorted while waiting for the conversion. Gordon did us a good deal, best he probably could given the circumstances. Now, go back and check to see if your interpretation of the gotchya clause is the same as mine. It looks like RG has 'em by the shorts. Couldn't ordinarily be done but in the case where there will be a dramatic ramp up of revenues, the so-called "liquidated damages" turn into a godsend for the existing shareholders. Message 8672825 Every $1,000,000 converted at a stock price of 10 cents yields more than 14,000,000 common shares. If the stock price is $5, that yield even with a months liquidated damages in place will be less than 300,000 shares. If I were RG and I'm not I don't think I'd file that registration in a timely manner. I'll gladly take the hit for a 2.5% liquidated damages, if the timing gets me closer to a low yield such as that. Notice that it's called liquidated damages not a penalty. There's no recourse after the fat lady sings. IMHO Any attorney's out there? Give it a read and see what you think. Sword.Com