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

To: froland who wrote (582)	1/6/1998 11:13:00 PM
From: ojai	Read Replies (1) \| Respond to of 6931

ALL- I am a reluctant shareholder of TSIS, and have been watching this thread for a few months. I am constantly encouraged by the positive comments I read, but I am concerned about the information stream that comes out of the company. Their IR Dept. is very upbeat, as they should be, but this latest information that they will be in NASDAQ compliance by the end of 98 seems somewhat vague. It is easy to push deadlines ahead when you set them a year in front of you. I have also heard reports that they would stop selling shares out their back door at the end of Nov. 97, Dec. 97, Jan. 98, etc. When I first got involved with TSIS, I was told that they fully expected to hit 1.50- 2.00/share by Dec. 97. This was of course offered to entice me to purchase more shares (they're so cheap right now!) I know not to trust a salesman, and declined further investments. But this is a company that has few compliance requirements, and so it is difficult to determine if it is indeed a good investment. Like many start ups, it is basically gambling. Contracts alone do not make profitability, and profitability cannot be determined without verified reporting. -Tim