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

To: Suzanne Newsome who wrote (27841)	5/9/1999 11:19:00 PM
From: The Swordsman	Respond to of 44908

Just to clarify Suzanne. Anybody taking over the company would just buy the PP holders out. TSIG plans to either pay the debentures off in cash or convert* at an acceptable share price.* The PP holders have the *exclusive* right to ask for cash or shares. It's not under the control of TSIG. Was not negotiated that way even though I remember back someplace that it was stated as so on the thread. Very material issue and one that greatly misleads all of us especially the lurkers. SC

To: Suzanne Newsome who wrote (27841)	5/10/1999 4:53:00 AM
From: Ditchdigger	Read Replies (2) \| Respond to of 44908

Suzanne, I'm sorry for my misuse of words,and poor spelling. IMO,there simply is no need for a poison pill,,the deb holders are in fact in a position to stop any acquistion plans---aren't they "friendly" floorless holders,as reported by Bob and Marty?...As to it being my responsibility to verify the authorized number---I say BS..This is a publicly traded company, and being public, it is the company's responsibility to report accurate info.I would think the SEC would frown on mis-reported numbers..And I would also think they would like to know--why and how this has happened..it's no wonder they are having customer service problems...jeez, they don't even know how many shares are in their base,,probably do to the many issuances/options/rule 144 shares/escrowed shares,etc.They want to raise the authorized number, yet appear not to know how many they have now.Reminds me of someone writing checks and not keeping up with the recording..DD