TSSW Selling Below Its Cash on Hand and Investments:
From its latest 10Q recently released:
For the Period ending 30 June 1998:
CASH: $ 958,073
Restricted Cash: $ 500,000
Investments
(Short Term) $8,037,953
Investments
(Longer term Notes ) $1,374,383
Total Cash and Investments: $10,870,409.00
Number of shares outstanding: 7,939,460.00
Cash Per Share: $1.37
** Company has time to turn its operations around given the amount of cash on hand and no bank debt. Up to the new CEO to turn the company around or sell it ( Insiders own about 21% of all shares )
** The company has $10,554,826 in accumulated deficit that would be attractive to a takeover company to offset income.
Anyone call Pam or Ray from Media Relations and IR lately?
DC
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