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

To: The Swordsman who wrote (30035)	6/3/1999 10:05:00 PM
From: Zeev Hed	Respond to of 44908

Yes Sword, but not the whole PP is debentures outstanding, it becomes outstanding when TSIG draw down the leaky floorless credit line. I would estimate they will need to draw at least another $5 MM, their normal cash burn of about $1.5 MM/quarter for 2 q and additional costs associated with launching the two businesses and financing these activities (namely required working capital to support increased sales, if they have any), assuming that their sales rate will reach about $6 MM per quarter, which IMHO, is quite a high sales rate at this point in the game. Thus there will be about $3 MM of the floorless that will not be outstanding. All this, of course, if you believe positive cash flow is just around the corner, like October. By the way, we must infer that the Signature deal is not a normal "contract" but a "tentaive contract" booking teleservices, but not committing to actually use these, otherwise, why would it take five months before the agreement is taken down and why management does not really know when it is going to start (it "hopes" Signature will start in June, no assurance where given to Gordon and thus he could not give the stockholders assurances either. Zeev