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

To: Loren S. who wrote (2731)	6/18/1998 2:01:00 AM
From: R. Gates	Read Replies (1) \| Respond to of 6931

Loren, I am not familiar with the OVIS/RMIL fiasco of last year. The possession of certs was suggested to me by IR today, and I know that the DGIV thread was doing it. I really really really don't think that the shorts will ever have the last laugh with TSIS no matter what we all do--and you are absolutely right, ULTIMATELY RESULTS WILL LIFT TSIS and those results aren't contracts or rumors of contracts but EARNINGS EARNINGS EARNINGS! And as the Chinese say: "A journey of a thousand miles begins with the first step..." and TSIS first real step to positive earnings will be shown soon... Anything north of zero! R. Gates

To: Loren S. who wrote (2731)	6/18/1998 9:07:00 PM
From: RCJIII	Read Replies (1) \| Respond to of 6931

OVIS/RMIL- Calling for certificates is the only way to ensure that the shares we as longs hold, can't be shorted. The RMIL saga is long and tedious, but suffice it to say all longs were asked to call in their certs. They did so. More certificates were called than exist in the float. Once we got down to the wire and close to the magic number of having the entire float, the relentless short sellers complained vociforously and often to the SEC about certain irregularities with the company. (assets listed on the books which didn't really exist). The stock has since been halted for about 5 months. The company is awaiting completion of a merger that has been dragging on for months. Once that issue is resolved, the company will post audited financials and trading will resume with the float locked up in cert form in long shareholders hands. It will be interesting to watch if it works. I have never seen such a dogged group of longs and shorts fighting in this manner. Anyway, Even after experiencing the above travails, I still have faith in the strategy. What separates TSIS from RMIL is that TSIS has solid management that seems to tell the truth, both over the phone and through their PR and hopefully through their financials when released. The fact that TSIS's clients are so high profile proves that the deals and the technology are real otherwise AT & T and Lucent, etc would be quick to publically chastise the company. Also, the short position in RMIL was massive. So much so that it couldn't realistically be covered without paying 50 to 100 times what the company was worth. Also, the RMIL shorts played dirty and since RMIL wasn't clean, they were vulnerable to SEC complaints. In closing, I feel calling in certs is a legitimate defense to the corrupt practice of naked shorting of BB stocks. I also feel that the one situation in which it was tried and didn't work (at least as of today) can be distinguished. Please do some research and consider your options carefully. I hold shares of TSIS myself and have called in the certs as I now do for all BB stocks I intend to hold for the long term. RCJIII