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

To: Bald Eagle who wrote (27884)	5/10/1999 2:45:00 PM
From: Phxphenom	Read Replies (2) \| Respond to of 44908

WOW-Anybody see that 400,000 shr trade at .275???

To: Bald Eagle who wrote (27884)	5/11/1999 8:45:00 AM
From: Bald Eagle	Read Replies (2) \| Respond to of 44908

<<RE:From TSIG's 10-K: Included on the balance sheet is $380,986 invested in an affiliate company, equal to the costs related to attempting to complete the proposed acquisition of certain entities. During 1998, the efforts to complete the proposed acquisitions were terminated and certain former employees of the Company resigned from the Company and acquired these entities. In exchange for transferring the rights, if any, the Company had with regard to these acquisitions and in exchange for terminating various employment and severance agreements, the Company was issued an equity position in the entity. Subsequent to December 31, 1998, the Company sold its equity position for $706,000 in cash, resulting in a 1999 gain of $326,000. I was assuming that the $326,000 gain would be posted as revenue in the first quarter of this year. Am I correct in that assumption? Does someone know , for sure, how this will be handled? Will the full $706,000.00 be counted as revenue? >> I'm very disappointed. All the really smart people who read and post to this thread and nobody could answer my question! :-(