TSIS: WHAT IS GOING ON? Message Board

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Microcap & Penny Stocks : TSIS: WHAT IS GOING ON?

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To: chaz who wrote (1461)	5/5/1998 11:59:00 PM
From: John S. Baker	Read Replies (1) of 6931

Call the company and ask them to FAX you the audited result of the last fiscal year and the UNaudited results from the first quarter of this year. These will address earnings. Then go back and review the thread in the January time frame when several of us reported on the CEO's presentation at the Annual Meeting. Admittedly what we post here is hearsay, but the fact that so many of us got it apparently consistently suggests to me that we got it right (ie, we report accurately what the CEO said). Now, if he lied to us, then that is a serious offense ... an offense I am by no means suggesting ... that will be deal with quite quickly in the courts of Delaware, the state in which TSIS is now incorporated. The CEO addressed his monthly expenditures ... formerly "burn rate," before the company became profitable. From all this it is relatively easy to construct an earnings estimate for the quarter about to be released. The real issue in doing a fundamental analysis ... and an issue over which I currently am stumped ... is to determine what P/E ratio the marketplace is most likely to apply to this company. This is made more difficult because past P/E's were based on "wished-for" earnings; by all reckonings, this coming quarterly announcement will include "actual" earnings. You are wise to be do your own due diligence. And if you discover facts which support an alternative opinion ... even a well-researched and carefully-documented short position, I for one would welcome them. Please ask for pointers ... ie, locations ... if we can help any further. But for any who would rush in here and try to scatter Chicken Little type worry messages, such intrusions probably will be met with some antagonism.

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