Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ditchdigger who wrote (29526)	5/30/1999 3:16:00 PM
From: ztect	Read Replies (1) \| Respond to of 44908

restricted....in the float? z

To: Ditchdigger who wrote (29526)	5/30/1999 3:35:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 44908

Ditchdigger, I believe that restricted stock, while not be tradeable until a 144 is filed, are counted by the transfer agent in the total outstanding. The surprise, IMHO, is that on May 7, 99, the date of the last SB-2, the number outstanding was 80 MM shares, and last week it jumped by 15 MM shares, it must be that some of those shares registered in the SB-2 must have issued, probably under conversion (I do not see any other source of shares, but who knows). Look at the following progression in outstanding shares, if I have not erred in writing down these numbers: Dec 31, 1996 MM 22,060,000 Dec 31, 1997 MM 30,155,000 Nov 10, 1998 MM 57,527,000 Dec 31, 1998 MM 64,972,000 Mar 30, 1999 MM 76,000,000 May 07, 1999 MM 80,065,000 May 27, 1999 MM 95,000,000 (? still need verification) Or in less than 2.5 years the shares count more than quadrupled. One should not be surprised the stock has fallen and cannot get back up. You get a 20%-25% rally like Friday, and more stock is coming out to depress the price. Until that stop, and hopefully, Marty will see to it, there is really not much upside potential. Zeev