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Microcap & Penny Stocks : TSIS: WHAT IS GOING ON?
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To: Jamey who wrote (530)12/19/1997 2:33:00 PM
From: Fred Rollins   of 6931
 
I have talked to Scott and Dieter recently. Here is some info that may be of interest:

The financials were sent to shareholders of record. If you didn't own TSIS as of early April 1997, you won't get anything. To get the financials, call the transfer agent at 604-689-9853. Keep in mind that the financials won't be pretty, as the co started making a profit only very recently. I haven't got the financials yet (I got last year's financials with my original investor's package). With pennys, you usually aren't buying because of what happened in the past, you're buying because of what you expect to happen in the future.

There should be a press release out in January regarding revenues/profits from the new clients that have been signed up recently (AT&T, etc.). This will have hard numbers, but won't mention profit margins. They don't want to make it look like they are sticking it to their customers. I can believe that, as a lot of companys won't make public statements about profit margins. If TSIS starts issuing news releases bragging about how they are making 70-80% profit margins off AT&T, the people at T may not like it very much.

There will also be a press release in January announcing that company stock sales have ended and the closure of the two IR offices. (Scott also confirmed that there is no more dilution, as was posted here earlier.) Scott said that he will then be able to do a promotional road show with brokers and try to drum up some interest in the company.
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