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


To: tfk who wrote (25925)4/19/1999 2:40:00 PM
From: Bald Eagle  Read Replies (2) | Respond to of 44908
 
Also, according to Marty, he really only has 14 million. I think he has to declare 41MM on the 10K because of the loan agreements he has with TSIG. I guess I need to go back and read Marty's post again



To: tfk who wrote (25925)4/19/1999 10:06:00 PM
From: Suzanne Newsome  Read Replies (2) | Respond to of 44908
 
tfk, you said <<IMO, RG having a 35% interest in TSIG is not a bad
thing; after all, he's the founder and probably invested a lot of his money up front to start
the company. I know other companies in which the founders invested 50% or more and
have corresponding controlling interest. Like Marty, I see it in a positive light, being that
he has more of an incentive to see his company succeed. So this is a non-issue to me.>>

The accumulated deficit is $38 million. This represents stockholders' money that has been spent. . . consumed, for which there is no offsetting asset. Thirty-eight million dollars of stockholders' money has been vaporized. What does Robert Gordon owe these stockholders?

Regards, Suzanne