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

To: rzer22 who wrote (28348)	5/17/1999 11:44:00 AM
From: Zbyte	Read Replies (2) \| Respond to of 44908

Someone just got banged, 100k at .15 just sold ouch...

To: rzer22 who wrote (28348)	5/17/1999 11:54:00 AM
From: Sean Rieber	Respond to of 44908

>>>>>>Revenues for the three months ended March 31, 1999 increased 8% to $102,302, compared to $94,411 for the same period a year ago. Net income for the quarter, increased to $2.9 million from a loss of $2.0 million in the first quarter 1998. Earnings per share were $0.04 per share, compared with a loss of $0.06 per share in the first quarter of last year. The results from discontinued operations were a net loss of $161,988 for the quarter compared to a loss of $501,045 for the comparable period in 1998. In addition, there was a net gain on the one time event associated with the disposal of VSI of $4,541,689, where the Company's wholly-owned subsidiary VSI filed a voluntary petition for relief under Chapter 7 of the United States Bankruptcy Code for the Middle District of Florida, Tampa Division. The overall combined net gain for the quarter was $2,977,383. <<<<<<<<< Sorry, I was wrong. But, it isn't real income. Next quarter will be a loss. Revenues of $102,000. If it weren't for the sale of VSI, the loss would've been huge. Do the math here guys.