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Microcap & Penny Stocks : TSIS: WHAT IS GOING ON?
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To: ed who wrote (3210)7/23/1998 4:17:00 PM
From: John S. Baker  Read Replies (1) of 6931
 
> unless the news releases are bogus <


It has been my experience that when you post a news release publicly which states that a Fortune 500 company has agreed to do business with you, the whole world will hear about it right away if the release is bogus.


Big companies do not like having their names besmirched and they have the clout to do something about it.


Now if these signings were merely "whispered rumors" over the phone by some boiler room slick-willie, then the big companies might not find out about it. But with the releases being posted on BusinessWire and/or PRNewswire, *everybody* has the ability to see who is being alleged to be a client.


No, I reckon that the big companies are pretty much self-policing on this ... as witness the one major corporation (no names please! even though it has been mentioned here on this thread) which told TSIS that even though there was a contract, TSIS was forbidden to put out a press release.


In fairness, what is *not* so readily verifiable is the amount of revenues which each of these contracts will generate. TSIS presumably has their estimates, and the client companies have an overall budget which reflects their anticipated payments to TSIS, but none of that is independently-verifiable at this point.


JSb.
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