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Microcap & Penny Stocks : TSIS: WHAT IS GOING ON? -- Ignore unavailable to you. Want to Upgrade?

To: John S. Baker who wrote (6271)	6/18/1999 10:17:00 PM
From: Tobasco	Read Replies (1) \| Respond to of 6931

FTUS cites that 35m shares will be more than twice the current outstanding of 12m+. TSIS outstanding is 30m and the maximum is 50m which makes the ratio less than twice the current outstanding. The reduction in Delaware Franchise Tax is an interesting concept however.

To: John S. Baker who wrote (6271)	6/19/1999 1:58:00 PM
From: gary g	Read Replies (1) \| Respond to of 6931

P.S. I commend FTUS to you as a long-term investment. I have a large position in it since long before the reverse split, and have been handsomely rewarded........>>>>congratulations on your rewards,but no thanks... Not knowing any more about this company then I read from your post,I can see that the two companies in question are not comparable. The reason I say thanks but no thanks is because this company is totally controlled by insiders, that assumption is based in on my belief that prior to the reverse that the preferred series a and b along with the Warrents and options were either owned or controlled by inside. In that the company saw fit to do a preferred, options and warrants conversion in conjunction with a reverse stocks split tells me that the majority shares after the split are controlled by insiders."by the way this is a very good way for insiders to maintain absolute control of the Company, in other words it was very smart for them to do.". the Delaware franchise tax is nothing but a red herring in my opinion,it was just a reason to justify their actions to the common stockholders. I appreciate your effort in attempting to understand and justify my logic for TSIS to cancel the 20 million that have yet to be issued. But as I earlier said the too are not comparable. I only hope that the lawyer running tsis doesn't consider issuing preferred, in my opinion he will kill us with options and warrents.I could elaborate but it would not be in your or my benefit.