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

To: Skip_S who wrote (6312)6/29/1999 10:23:00 AM
From: Jim Johnson  Read Replies (2) | Respond to of 6931
 
Typically, the secondary offering is where the originators cash in. The original sotck funding goes to the company, but in a secondary offering it is quite common for the company itself to see very little of the funding generated. What this company really needs is to do the necessary filing to become full reporting, quit selling additional shares and hire a good PR firm to get the general public to take notice. Can anyone say for sure any of these are being done?

Jim J



To: Skip_S who wrote (6312)6/29/1999 10:34:00 AM
From: jmt  Read Replies (1) | Respond to of 6931
 
Skip:

The brokerage firm then does a secondary offering of 1 million shares for TSIS. Now this major brokerage can recommend TSIS (gives TSIS a buy or accumulate rating)

So TSIS repurchases shares at 40 cents to do a secondary offering with a 25% fee issuing new shares at 30 cents to get a recommendation that they do not need to do a secondary offering to accomplish.

Did you go to the Scott school of share capital management?

jmt


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