Just a small correction on Skip's post.
The Nasdaq deal is not dead ... there was no Nasdaq deal per say. Nasdaq is very supportive of TSIS and believes in its prospects. The "deal" was simply that Nasdaq was going to introduce TSIS to their top 100 companies, 1 at a time, and if that particular company liked what they saw so much the better for us. A new client. Well, they tried us out with their #1 company and they loved us. The problem was they wanted Nasdaq to pay for the entire bill ... no termination date. Nasdaq was willing to pay the first 3 months only, and then the company should pick up the costs for themselves. This company felt that since they are so important to Nasdaq, that Nasdaq should be thrilled to pay the costs (which could run about $5000 per month). Nasdaq said no, they are not in a position to do so since they would be setting a precedent for the other 99 top companies. So, an impasse. Although the company loved our product and service, they are sort of cutting off their nose to spite their face ... Nasdaq pays or forget it. So we are blocked. The upside of this is that they did love the service and could eventually turn around. Also, Nasdaq is going to now introduce TSIS to another of their biggest companies. Have no idea which one, but I am sure it will be another household name.
I urge everyone to call the 888-812-2020 number and get the current update. It is very informative and encouraging. I commend Don for being forthright ... giving us all the news, not just the good. The fundamentals are sound and I understand the revenues for the last quarter are impressive, and that the current quarter's will be even more so. July alone outdid their expectations.
I am definitely not selling one share. If I can come up with some cash, will add to my position if this stock should drop another couple cents. Part of me hopes it does, the other half (the logical half that is averaged at around .50) hopes not. Anyone care to float a loan? |
