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Microcap & Penny Stocks : TSIS: WHAT IS GOING ON?
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To: John S. Baker who wrote (4832)12/15/1998 9:12:00 PM
From: ER Doc  Read Replies (1) of 6931
 
Questions for John and others with more experience than I:

1. Obviously an error in judgment occurred. What do you think this was due to? Misplaced optimism? Lack of experience?

2. Are we being too hard on them with our 20/20 hindsight? Would not this attempt to support the stock price have been applauded by shareholders at the time? Didn't we all think the price of the stock would go up too? Does this not demonstrate that the company had confidence in itself?

3. While the Nasdaq listing might be delayed, will this adversely affect the fundamental growth of the company? (Projected revenues, etc.)

4. What SEC rules might have been violated?

5. Was this discussed at the last annual meeting? Is this the kind of thing that a fully reporting company could not have kept quiet?

6. I was told by IR that this incident made the book value of our stock diminish by 4%. How is that calculated, and what does it mean?

7. Do you consider this as big a negative as, say, the AT&T deal was a positive? MCI? How about achieving fully reporting status?

I have been reading the financial report today, reading SI posts, and have been in contact with IR, trying to get a feel for the significance of this.
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