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Microcap & Penny Stocks : TSIS: WHAT IS GOING ON?
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To: Bill Schrader who wrote (3211)7/23/1998 4:25:00 PM
From: John S. Baker  Read Replies (1) of 6931
 
The NASDAQ deal ... from memory. A long time ago (last year) there were discussions between TSIS and NASDAQ. NASDAQ views the NYSE as their main competition and wants to do things to keep NASDAQ's big companies happy, unlike the earlier days when *everybody* wanted to migrate to the NYSE. The plan, therefore, was that TSIS would provide InvestorReach to any of the NASDAQ 100 who wanted it, and that NASDAQ would pay *some* of the costs (as a "bennie" to help retain some of these companies). Then the contact person at NASDAQ went away or got transferred or somesuch, and TSIS figured the deal was dead. This was about February of 1998, because it was discussed briefly at the Annual Meeting. Then out of the blue, NASDAQ (somebody else there, I reckon) reinitiated the idea with NASDAQ.


I do not know whether the current discussions envision NASDAQ sharing some of the costs, but adding a number of big companies to TSIS's collection would be very beneficial.
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