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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 (6305)	6/28/1999 8:54:00 PM
From: gary g	Respond to of 6931

To: BarbaraT (6059 ) .....(john,this is what I asked jj.) From: gary g Wednesday, May 26 1999 12:33AM ET Reply # of 6305 hoping the following will not be considered "repetitive",I will outline what I feel are some of the opportunities, some required changes and some mistakes. I must first ask, if anyone knows where the revenues and earnings calculated in accordance with Canadian accounting principles? Or using the United States standard?....as of July 31st 1998 the company had a deficit of $8,600,000.00 using Canadian accounting principles."IM unsurer if the treasury stock accounts as stated in previous statements will be allowed to be re-stated when U.S. accounting standards are applied." 2. has anyone determine the amount that has been set aside for contingent liabilities related to the stock repurchase program?. 3. Don Cameron made mentioned of three pending lawsuits suggesting that the company is not over concerned as to their outcome, my questiON is, was one of the three suits the suit brought for the misrepresentation of the sale of companies stock. 4. the number of shares outstanding in 1997 was 4 million,in 1998, 16 million, today 30 million..my suggestion to the company is to retire the balance of the authorized shares(20,000,000).. 5. even after retiring the 20 million shares,the management of the company is going to be in a position that will mandate their consideration of another reverse stock split. It may be possible in my opinion to avoid a reverse stock split and become a listed company on NASDAQ by retiring said shares, but again in my opinion I doubt if that alone would be adequate to bring the per-share price two the three dollar level. 6. .007 cents per share this quarter even with a 25 percent margin is not going to be adequate to put the stock in the three to four dollar range within the next five quarters , assuming the same revenue growth of the last five quarters 33%..to be continued through the next five quarters. 7. as I interpret the 1998 statement the treasury shares are currently being accounted for at a asset price of .30 cents! if my assumption is correct should not those shares be held at par??,and would they not be required to be when governed by U.S. standards. 8.as to the addition to the Board of Directors I still strongly recommend A individual within the banking community and specifically a banker from the institution the company is currently banking with. 9. we all know that stocks can appreciate and appreciate rapidly without any underlying financial reasons,and we all know that TSIS may also be able to accomplish this feat. 151% increase in revenue is no small feat. Does anyone now if the company is going to provide a financial statement for the quarter just reported???. In closing I would suggest that all send the most recent news release to anyone and everyone who is able to read and certainly to your broker.