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

To: Jim Johnson who wrote (3005)	7/6/1998 10:28:00 PM
From: gary g	Read Replies (2) \| Respond to of 6931

I'm getting to the point where I don't know where the bull stops and the hype starts. A friend of mine called last Thursday and he was told by the PR people that they had a lot of third party stock for sale at the bid. Not the ask, the bid. And that they would like to sell it in lots of 25,000 shares. The PR guy did not tell him whose stock they were selling out the back door, only that it was individuals who had bought the stock and had large quantities of same for sale at the bid. I think it's time for some of us to remember that PR guys are just that, they're PR guys for the company; and you and I are holders of paper. To them we're as nameless as one can be. Don't mean to sound too harsh here, for I own TSIS also. But if each if you are reporting what you have been told, someone is playing fast and loose with the facts.

To: Jim Johnson who wrote (3005)	7/6/1998 10:36:00 PM
From: R. Gates	Respond to of 6931

Glad someone got in touch with TSIS. The information given today about TSIS NOT selling shares seems to agree with what everyone else has been told. I was in and out (mostly out) of my office today and missed a return phone call from TSIS IR. Sounds like some of the questions did get answered today but I will still ask them myself. Hope to follow-up tomorrow after I talk with TSIS. Also, I noticed our large volume from Thursday was not followed up today. I will be curious to see if it rebounds tomorrow. Until then... Best regards, R. Gates

To: Jim Johnson who wrote (3005)	7/6/1998 10:38:00 PM
From: Tobasco	Read Replies (2) \| Respond to of 6931

Jim, you wrote based upon your talk with IR: "Approximately 29 million, but about 3 mil are tied up, so for all practical purposes 26 million. How many shares are currently in the float? Answer: 14.5 to 15 million." 3m tied up is still 3m out, unless it is Treasury Stock. If TS then this would not impact earnings, otherwise it would. Heretofore there has been presumed 25m out and 9m in the float, so if 4m more (29-25) are out and 5.5 to 6m more (14.5 or 15 - 9) are in the float, where did the 1.5-2m more (5.5 or 6 - 4)in the float come from? To my knowledge there have been no SEC registrations filed to convert shares acquired by option exercise from unregistered ("lettered" or "144" stock) to registered or tradable stock. So where did the extra shares come from? Perhaps our previous numbers regarding outstanding shares and float were incorrect?