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

To: JWC who wrote (29915)	6/2/1999 11:08:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 44908

Jeff, I have responded to this question a number of time, and the answer is irrelevant to TSIG's problems. For the last two years I have made it my duty to expose floorless bandits schemes to legally steal money from small investors. TSIG was brought to my attention in this regard. In the same last two years I have observed and commented on more than 20 cases of such floorless (and the management of one of the companies even interviewed me for a possible BOD position, funny is it not? It was too late and unsalvageable, IMHO). So far, I unhappily have to report that only one of those cases seems to end up well (and just today, I finally bought shares in that company, ASTN). Floorless bandits are destroying companies and investors savings, and I hope that finally the SEC will do what they did with the old Reg S shams, stop the fleecing of innocent investors. To accomplish this, we need to raise the investors understanding of the mechanism of the floorless and how by the constant printing of new shares, the value of the shares of the current holders is debased. I hope that when readers of this thread over the last two months consider another investment with "infinite possibilities" consider the probabilities of execution and make sure that the financial resources are there to execute those possibilities. I also hope that if they see in the financial structure of such a potential future investment a security that is convertible into common stock in a floorless fashion, they stay away, or at least double up their DD to fully understand the potential for extreme dilution this type of financing is associated with. That is why, unlike a recent poster stating that "floorless are unimportant, and share count is unimportant", I strongly believe that following up the most recent share distribution, their genesis, their proliferation and the means of distribution to the unsuspected public via the back door (and not through disciplined underwriting) is of as great an importance as the nebulous "plan". Now, Jeff, are you not sorry you asked? (VBG). Zeev