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Microcap & Penny Stocks : TSIS: WHAT IS GOING ON?
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To: Tobasco who wrote (4831)12/15/1998 8:00:00 PM
From: John S. Baker  Read Replies (4) of 6931
 
It all comes down to management's credibility.

This ill-fated trading account, for instance, probably has delayed by at least two years the date when TSIS will become a NASDAQ-listed stock.

That hurts.

It has managed to get an adverse footnote not only in the Annual Report for the fiscal year just completed but also for the Annual Report for the year ending 7/31/1999. And so that footnote will also be haunting TSIS in the Annual Report for the fiscal year ending in 2000 because Annual Reports carry comparisons with the previous year. And so that adverse information will still be floating around in the operative Annual Report until the report for the fiscal year ending 7/31/2001 is published ... which is about three years from now.

That hurts.

If the company is fined by the SEC for its actions, that will be a matter of record for some time.

That hurts.

If any shareholder sues the company, we will all pay the burden of defending or settling the lawsuit. In that regard, the more money the company stands to earn in 1998 and 1999, the more attractive it becomes to a predatory attorney.

That hurts.

And I dare say that if there is any slip up or glitch in *anything* which Don Cameron says or does in the next couple years ... even an honest mistake ... it will immediately bring back memories of this series of events.

And that hurts.

Yup, the glass is half full, but it could have been much closer to completely full! Who is to blame? Management.

JSb.
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