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

To: Andrew H who wrote (27720)	5/7/1999 11:59:00 PM
From: Redman	Respond to of 44908

Yes they are issued, but remain in the treasury. Shares outstanding would not count shares in the treasury as no dividends are paid on them, any company in general, and earnings per share do not take them into account. Now, should the bondholder elect to convert then these newly registered shares will be used. But, I stand by my thoughts that the bondholders would rather be getting monthly interest on their bonds and in a lien position, rather than convert to an equity position while the company is in its current state. I would also hope, for those bondholders who do want to maximize shares and are not worried about the risk, that there is a time period that they cannot convert--and that the company would have first right to buy the bonds back before conversion. In summary, when people say issued--I take that to mean distributed out of the treasury. Red

To: Andrew H who wrote (27720)	5/8/1999 12:22:00 AM
From: The Swordsman	Respond to of 44908

Andrew, You/we really need to speak with an attorney regarding the definitions of all these terms as they apply to TSIG's goings on. Registrations usually mean a legend needs to be attached indicating to the world where this share came from and when and how it may be disposed of. However, in the PP crafted by TSIG's attorney's there are statements indicating in one paragraph that registration is deemed unnecessary and in the next a timetable for the registration process. Go figure? I think these guys TSIG has are either very good or very devious. Maybe a bit of both. And that's probably good for us. The only thing I'm sure of is that if you're sincerely interested in staying the course as a long shareholder you need to spend some dough and get your attorney, a securities specialist preferred, to review as many of TSIG's filings as possible and then answer specific questions and then make a recommendation. My proposal all along has been to hire the best firm possible collectively, and do the same thing for a fraction of the cost. Obviously we separate the daytraders from the longs in a NY minute at this point. If you are interested please stay in touch with me through PM and I'll keep you apprised of our timetable. It's basically hanging on TSIG's move to engage Dr. Frankel as a board member at this time. We will then reassess the circumstances. Listed below are the firms under consideration. Check out their credentials through their web sites. Everything will be accomplished anonymously. AKIN GUMP STRAUSS HAUER & FELD www.akingump.com BAKER & MCKENZIE www.bakerinfo.com SKADDEN ARPS www.sasmf.com MILBANK TWEED www.milbank.com WHITE & CASE www.whitecase.com MILLBERG WEISS www.milberg.com SC